California Surety Bonds & Licensing

License and permit bonds are required by certain Federal, State, or Municipal Governments as a prerequisite to obtain a license and/or to perform on specific jobs. These bonds obtained through an insurance company guarantee your clients that your carpentry business will comply with local laws relating to your industry, such as building codes and safety regulations. Contractors CSLB Bonds are a requirement to obtain an active license, maintenance of an actively renewed license, or the reactivation of a license. Surety Bonds act as a guarantee between the principal offering a service and the client. As stated in the surety bond, the principal must fulfill a set obligation or a series of obligations within a contract. If the obligations or requirements in the contract are not met, the client may pursue reimbursement through a surety bond if the principal fails to fulfill the obligations as stated in the indemnity agreement. Performance Bonds act as a guarantee against the inability to meet the obligations detailed in a contract between two parties. These bonds are most common in construction projects. Bid Bonds secures debt by a bidder for any bid-based selection job, such as a construction job, with the intent of guaranteeing that the bidder will perform the job as quoted in the bid if selected by the project owner.

Built Insurance Brokerage will work with your company to ensure your business operations will comply with local laws pertaining to your industry.

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