Contractor License Bond
Contractor license bonds guarantee that contractors will comply with all statutes and licenses required by the state. These bonds are not particularly risky allowing them to be placed with several different bonding companies. Due to this, rates can be excellent for those who qualify for the standard market.
For those who are a credit risk, a bad credit surety bond program is available. This program allows those who may have been turned down by other companies to be bonded. The bad credit Bond program is able to place these bonds by charging a higher rate then the standard market. This program is currently only available to commercial bonds.
