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What is Surety Bond?

A surety bond is a guarantee involving three parties: the guarantor (surety company), the principal and the obligee. The guarantor agrees to pay the obligee a set amount of money if the principal fails to meet an obligation. Surety bond is a broad heading with many different subcategories including license, permit, payment and performance bonds.

Who needs a surety bond?

License bonds (sometimes referred to as permit bonds) are often required by license boards, states or municipalities in order to carry a contractors license or business license. Payment and performance bonds are almost always required in larger contracts.

Bill R.
Very helpful. Provided me with the right information about what I needed for liability insurance. Very easy to work with.
Nancy M.
Such a pleasant, professional experience.
James H. G.
Great company, fast service.
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How much does it cost?

License and permit bonds start as low as $35/year for most business types.  Premiums for payment and performance bonds are based on the amount of the contract and can range from .25% to 5% of the contract value.

Many factors can effect your premium including bond amount, credit history, claim history and years in business. 

By answering just a few simple questions, you can compare quotes from several top rated carriers in as little as 10 minutes.

24/7 Customer Support

Access your policy 24/7 from any computer or smart device.  Our policy management system allows clients to generate their owner certificates of insurance, view billing information and request policy changes.  

Top Rated Insurance Carriers

We work with A rated, admitted insurance carriers, brand names that you can trust.  Because of our partnerships with many of the nation's top insurance carriers, we are always able to find your the best price and coverage options on the market.

Fast Quotes. Big Savings.

Get a quote in as little as 10 minutes and find out how much you could be saving on contractors insurance.

Save up to 38% on contractor insurance.

Just answer a few simple questions to compare quotes from top rated insurance carriers.
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Contact Us

Phone : +1-888-269-0992

Email : service@orrandassociates.com

Our Hours

MON-FRI 07:00AM – 05:00PM PST

SAT-SUN CLOSED

Location

28780 Single Oak Dr Ste. 255
Temecula, CA
92590

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