Permit Bond

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Permit Bond

A bond guaranteeing that a person with a permit from the government to perform a task will perform that task to the proper regulations. The bond provides compensation to an injured party in the event that the permit holder does not fulfill his/her obligations.
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Some contractors are seeing license bond renewal rates increase from around $100 per year, to well over $1300 or more in some instances.
With this in mind, look for articles relating to ideas and tips to help reduce contractor license bond costs.
Schaedler Insurance works closely with the most competitive license bond sureties in California, and further discounts rates over their face premium in many situations.
Many contractors can now purchase bonds for several hundred dollars per year less than the face amount listed on the bond through their bad credit contractor's license bond program.
27, 2012 /PRNewswire-iReach/ -- California Contractor Bonds is excited to announce the first fully functional instant issue contractors license bond program for California contractors.
In addition to providing an incredibly simple way to obtain a license bond, the program also offers among the most competitive rates in the industry for those with great or poor credit by leveraging the cost savings associated with eliminating the manual underwriting process that is very labor intensive for all involved.
Just fill out our quick and easy online application and buy now - your contractor's license bond is automatically filed with the state electronically - it's that easy
Their number one position is by virtue of unmatched claims handling expertise in the contractor's license bond business, which no other company can approach.
Among the above mentioned surety programs South Coast Surety brought on line are; a number of "alternative bad credit" bonding plans, in house underwriting for commercial and contract bonds and an Instant Issue California Contractor License Bond application.
Widgren has extensive writing experience and comes to MTG from Contractors Bonding & Insurance Company where she worked as an assistant underwriter in the License Bonds Department.
Contractors' Surety, at the time of acquisition, only wrote license bonds for contractors in the states of California and Nevada.
CBIC traces its origins to 1959 and currently is the largest writer of contractors license bonds in the Northwest, marketing nationwide through some 4,000 insurance agents and brokers and serving more than 30,000 licensed contractors.