California Performance Bonds and Payment Bonds

Surety1 has the expertise to place almost any size bond. We strive to be a valuable business partner. We know what it takes to  grow surety capacity.

In addition to performance bonds for construction contracts, Surety1 has expertise in placing performance bonds for service contracts like security contracts, janitorial, and even IT projects. Since 2003, Surety1 has helped hundreds of contractors get the performance bonds they need.

 

Surety1 Represents Multiple Markets

Most insurance agents may represent one or two surety markets. Surety1 only writes surety bonds. We represent over a dozen surety markets. Surety1 can get the performance bonds you need when others fail.  We also have access to the SBA Surety Bond Guarantee program. This can be a great asset for small and emerging contractors.

Or visit the Small Busies Administration’s website, SBA.gov. We have in house underwriting authority. This means we can respond fast to your bond needs. Creative underwriting tools are available. Unsurpassed surety expertise make Surety1 different.

How Much Does a Performance Bond Cost?

The cost of a performance bond varies greatly depending on a number of factors. Most small, infrequent users of surety credit will pay 2.5% to 3%. Larger, established contractors can obtain bonds at rates starting at 1%. There are a plethora of variables for both large and small contractors that can impact the cost of a performance bond.

For more information, call Surety1 today at 877-654-2327 and ask for the contract department.