What is a California Contractor's Disciplinary Bond and Why Do I Need One? If you are a California contractor, you may have heard about the contractor's disciplinary bond and wondered what it was. All contractors who have had their license revoked or suspended by the Contractors State License Board (CSLB) are required to get [...]
Your 2022 Comprehensive Guide to the California LLC Employee/Worker Bond Contractors in California typically have to be licensed and bonded; however, there are numerous surety bonds within the construction industry. We recently discussed the $25,000 contractor license bond here. But, in this article, we are going to cover everything you need to know about [...]
How To Become a Licensed Contractor in California In order to obtain your license from the California Contractor State License Board (CSLB) you’ll need to complete the following 5 steps: identify the type of work you will be doing, submit your application, pay some fees, pass a few exams, and, finally, obtain any required [...]
A common question among contractors is: “What is the difference between a bid bond and a performance bond?” And to be honest, there are many differences between the two bond types. Think of a tomato and an orange. Sure, they’re both technically fruits. But only one of them belongs in a fruit salad. In [...]
(South Coast Surety will post more on the passing of our founder Steven Swartz in the near future, but in the meantime here is our formal press release covering this unexpected, extremely unfortunate loss.) May 9, 2019 Press Release Steve Swartz, President of South Coast Surety Passed Away at Age 71 It is with [...]
Brokers and agents can stay ahead of the competition by know what bonds are likely to renew in the near future. Refer to the list below to know what bond renewals are on the horizon. Call our team of surety experts with any questions 800-361-1720. Contact and upsell your clients in specific industries on [...]
With contract surety, many agents and brokers focus on the large general contractors because they typically manage large projects and have large surety needs. However, the demand is just as great or greater with smaller or more specialized subcontractors who are essential to completing these large projects. As an agent, you probably have many [...]
There is a multitude of reasons an individual, lawyer or institution may need a court bond. When legal oversight of a person, trust or estate is necessary, courts require a surety bond to protect those involved in the proceedings. Protections are necessary to avoid possible loss from fraud, negligence or incompetence. For this reason, [...]
Brokers and agents can stay ahead of the competition by know what bonds are likely to renew in the near future. Refer to the list below to know what bond renewals are on the horizon. Call our team of surety experts with any questions 800-361-1720. Contact and upsell your clients in specific industries on [...]
In the more than 100 years since modern corporate surety has been established, some of the largest corporations of today accelerated their growth when they established a surety relationship and added their professional surety agent to their small group of independent advisors. Along with their attorney and CPA, the professional surety agent brings considerable [...]