Don’t see your California Surety Bond? Complete a general application and we’ll track down what you need.
Surety1 was Founded in the Golden State and We Love Working with our Community.
As the premier online provider of surety bonds nationwide, Surety1 may serve clients across the USA, but we were founded in California. We know California surety bonds. We’ve built a strong reputation serving our state residents and businesses since 2003. California has a long list of state bonds, and Surety1 has extensive experience with all of them. We have access to over a dozen surety markets to place your bond at the best price and conditions. A+ rated by BBB since 2003.
If your license or profession has no surety bond requirement attached to it but one still wants to “be bonded”, Surety1.com offers a Business Service Bond at a very affordable price.
What is a surety bond?
A surety bond is a three-party agreement between the principal (the
person or business that needs the bond), the obligee (the person or entity that requires the bond), and the surety (the company that issues the bond). The bond guarantees that the principal will fulfill their obligations to the obligee. If the principal fails to do so, the surety will pay the obligee up to the amount of the bond.
See our “What is a Surety Bond” Video.
See Our “How does the Surety Bond Process Work” Video
What types of surety bonds are required in California?
There are many different types of surety bonds required in California, including:
- Construction bonds: Bid bonds, performance bonds, and payment bonds
- License and permit bonds
- Court bonds
- Probate / Fiduciary bonds
- Public official bonds
- Miscellaneous bonds
Why are surety bonds required?
Surety bonds are required to protect the public and businesses from financial losses caused by fraud, incompetence, or other wrongdoing. For example, a construction bond protects the project owner from financial losses if the contractor fails to complete the project or goes out of business. A license and permit bond protects the public from financial losses if a licensed professional commits fraud or malpractice.
How much does a surety bond cost in California?
The cost of a surety bond in California varies depending on the type of bond, the amount of the bond, and your financial strength and creditworthiness. Generally speaking, the higher the amount of the bond and the riskier the business, the higher the premium will be.
The cost of the bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.
How to obtain a California Surety Bond
Take advantage of our easy to use, easy to navigate and secure, online applications and get bonded today! Above is a comprehensive list and description of most surety bonds required in the State of California.
If you encounter any problems along the way, contact us via email @ info@surety1.com or phone (877)654-2327. Our friendly professional surety bond agents are ready to help.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.