The Bond of Qualifying Individual is in place to ensure the licensed individual will follow California Contractors' License Law.
This bond is required under 2 circumstances:
The bond premium varies, depending on credit. With strong credit, the premium can be as low as 1% to 3% of the $12,500 bond amount. For non-standard credit, the premium can be 9% of the bond amount or higher.
To get a free quote for the Bond of Qualifying Individual, follow these steps:
South Coast Surety will get you quickly bonded and back out to work. We specialize in contractor bonding and will get you a free quote for your Bond of Qualifying Individual in 24-48 hours. The bond amount for a BQI is $12,500, but you will pay a small fraction of that as premium. Read the FAQ's above or go straight to the secure online form and begin the easy application process.
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.