Surety Bonds

A less common, yet often interchangeable term for contractors bonds, surety bonds are a way to ensure that one party (usually the owner of the construction project) is compensated if the second party fails to fulfill any terms or obligations of a construction contract.

Also referred to as commercial surety bonds, contractors bonds are required for any licensed contract to operate in the state of California. A contractors bond is a promise by the contractor not to commit any violation of contractor license law that could be grounds for disciplinary action. If the contractor does not comply with the laws and regulations of the state of California, a claim can be filed against the surety company that has issued the surety bond.

If you have any questions, please do not hesitate to call us toll free at 1-800-278-0689 for more information. We look forward to helping you with your contractors bond needs.