As a contractor in San Diego, you need to be bonded.
There are a variety of bonds available that will help ensure your customers have peace of mind when they hire you for their projects. Our goal is to help you keep the costs of the bonds down, while ensuring you are adequately covered should a problem arise.
Some of your San Diego Surety Bond options are:
Licensing Bond – This bond promises that the contractor will operate his/her business as stated by the local or state government. This is a fully indemnified bond, you must repay the surety any amount paid on your behalf and any payment made by them results in automatic license suspension.
Bid Bond – With this bond, your bid will be scrutinized very carefully to ensure you will stand by your price and time quote and sign the contract, even if your bid is quite low. If you do not sign the contract, the bonding company will pay the difference to the next lowest bidder who will then complete the project.
Performance Bond – This bond protects your clients if you are unable to finish a project. The bonding company steps in and provides the necessary funding to complete the original contract.
Labor & Materials Bond – These are most often used together with the performance bonds. They protect your client to ensure your suppliers are paid or, if not, that the bonding company will have to clear up the problem.
We’ll help you get bonds so you can get the jobs.
From the time I walked into the door of The Insurance Place, there was nothing but fantastic service given to me. I was just starting insurance on my own and branching off of my parent’s insurance to be independent. Rod Danger and his team were extremely helpful to the wants and needs that best suited me. They found me the lowest rates with the best coverage that was affordable. Whenever you have questions, The Insurance Place are there to answer every question asked. I love their customer service and plan to continue to be a loyal customer for a very long time! Thank you Insurance Place!
- Chrisha Baskerville, 2011
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