Includes Bid Bonds, Performance & Payment Bonds, Labor & Material Bonds, Maintenance Bonds, Service Contract Bonds, Site Improvements, Subdivision, etc.
The Contractors State License Board requires all licensed California contractors to obtain a $15,000 license bond
Required by a state, county, or local government for a specific occupation. Common examples: vehicle dealer bonds, private school bonds, traffic school bonds, mortgage broker bonds, L&P bonds for contractors, immigration consultant bonds, etc.
Administrator, Executor, and Personal Representative Bonds
Conservator, Guardian, Curator and Veteran Affair Bond
Possession Claims, Replevin Bonds, Injunction Bonds TRO bonds, Appeal Bonds, Lien Release, and many more
These bonds protect your customer’s money and property from dishonest acts of your company.
This bond is used to clear the title of any type of vehicle or floating home.
It is a three-way party agreement between the Surety, the Principal (the contractor or applicant) and the Obligee. The Surety is the party behind the performance of the Principal. The Surety has evaluated the Principal’s ability and willingness to perform and provides their stamp of approval with a bond. If the Principal is unable to satisfy the terms of their agreement, the Surety assumes the responsibility and will reimburse the Obligee.
Obligee is a formal word for a beneficiary who might be the project owner, government agency, etc.
Bonds are considered a specialty form of insurance, and the Surety is usually an insurance company. Surety bonds are very different than insurance, however, because the beneficiary is a third party. As long as the Principal does what is promised, the Surety will not be called upon to perform or pay. The Principal is the primary responsible party under the bond and is obligated to reimburse the Surety for any claims or expenses incurred by the surety if the Principal has not lived up to their agreement.
The Obligee is the beneficiary under a surety bond. If the Principal cannot or will not perform, the Surety steps in and makes good on the Principal’s obligation. The Obligee also has an obligation under the bond. If the Obligee fails to fulfill their responsibilities under the contract or agreement, neither the Principal nor Surety has any liability.
Pricing is based on your business classification, personal credit, time in business and current bonding status. We'll shop a wide variety of providers to ensure you get the best bond for your needs at the best price.
In 2016 the California Contractors State License Board increased the surety amount required for contractors to $15,000 from $12,500.
Years of experience and thousands of customers have trusted J. Bond experts to help guide them through the process. We combine high touch service with modern efficiency to ensure your bonds are issued quickly. Your situation is unique and our team takes the time to get it right. Get a Quote or call us at (877) 426-6396. We're here to serve you!