We are your source for Yuba City Surety Bonds.
What exactly is a bond? A bond in layman’s terms is a way to secure a debt.
It is a way of you the consumer, being able to put up a little cost up front that says “I am letting you borrow this money so as to your agreement to pay the face value of the said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency, and other entities.
In the insurance world a lot of times you will see bonds requested in the following ways:
Types of Bonds we do:
Yuba City Surety Bond
A Surety Bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation, and the person who assures the obligation will be done.
Yuba City Contract Surety Bond
Contractor Bonds are one of the most “popular” bonds you will see asked for in the insurance space sometimes referred to as Bid Bonds. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place. We also can provide you a Payment and Performance Bonds, if you win the bid.
Yuba City Commercial Surety Bond
Commercial Surety Bonds represent the broad range of bond types that do not fit the classification of contract.
They are generally divided into four sub-types:
- license and permit
- public official
Yuba City License and Permit Bonds
These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.
Some examples are but not limited to:
- Contractors License Bonds
- Contractor Bonds
- Tax Bond
- Environmental Bonds
- Broker’s Bonds
- Motor Vehicle Dealer Bonds
- Janitorial Bonds
- Fidelity Bonds
- ERISA Bonds
Our job as an independent insurance provider is to help you navigate a cumbersome system in finding the best fit for your bond requirements. We can help you find your bond needs, provide you with your bond, and help you get it to the party requesting.