A surety bond or surety is a promise to pay one party a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal’s failure to meet the obligation.
Contractors Risk Solutions provides insurance and surety bonds in Los Angeles. Owned and operated by a licenses contractor, Cisburbank.com has its finger on the pulse of the construction business and is committed to supporting its clients in all their insurance needs and bonds. It is the focus of CRS to provide the best and most competitive prices available to contractors. Contractors Risk Solutions works with many surety bond companies to help you get a competitive rate.
California State Law requires that all contractors have a California contractors license bond, also known as a surety bond, to complete their licensing process. Contractors Risk Solutions offers competitive rates on new and renewal licensing bonds. CRS will submit your bond document to the California Contractors State License Board for you electronically at no additional fee. CRS will also help you with your workers compensation exempt form when you buy your bond.
LLC Employee/Worker Bond:
A $100,000 surety bond (in addition to the $15,000 contractor bond) is required for the issuance, reissuance, reinstatement, reactivation, and renewal of an LLC license. Call CRS to get a price for a LLC employee worker bond.
Following the suspension of a license for a violation of the Contractor’s License Law, the contractor must file a disciplinary bond with the Contractors Board if the license is to be reinstated or reissued or if the contractor seeks to have a new license issued. CRS can get you your disciplinary bond fast and submit it to the Board for you. Disciplinary bonds cost is between 10% to 20% of the bond amount.
We are also able to quote All CSLB Bonds in Los Angeles:
Contract Bond– Commercial Bond- Court Bond