Contractor License Bonds
Most states require contractors license bonds. Contractors should carry a valid a contractor license bond in order to keep their license active. A contractor license bond is a type of surety bond that provides a guarantee to the state that you will follow the letter of the law and not violate any of the rules and regulations of your contractors license.
When you need to work, and the only thing standing in your way is your contractor license bond, you need to get that bond fast. We can help with that. Citizens General gives you instant quotes and issuance, and electronically notifies the State Contractors Board (CA, OR, WA) that you are bonded and ready for work.
What Are Contractors License Bonds?
Contractors license bonds are a type of commercial surety bond that is a three party contract between the contractor (the principle), the entity requiring the bond called the obligee (typically the state licensing entity) and the surety (the company backing the bond). If a an employee or client of a contractor is financially harmed as a result of a state law violation, then a claim against the contractors license bond may occur. However, before a surety makes a payout on a license bond, they will investigate any claim and its validity. However, unlike insurance, when a payout does occur, the contractor is responsible for repaying the surety the amount of the bond claim plus legal expenses.
Get Your Contractors License Bond Now!
We pride ourselves on understanding the unique needs of contractors, and work hard to get you the bonds you need fast. To get a contractors license bond call Citizens General Insurance Brokers at (800) 621-0884 or complete the form on this page to get an instant contractors license bond quote.