Contractor’s License Bonds
Why do more than 140,000 licensees rely on
Surety Company of the Pacific for their
Contractor’s License Bond?
SCP has been California’s largest writer of Contractor’s License Bonds for more than 30 years.
- SCP bonds more California Contractors than our next 10 closest competitors combined!
- Underwriting bonds for California contractors is our specialty – it’s all we do!
Underwriting Experience
Surety Company of the Pacific knows time and bond accuracy are critical to our contractors.
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One day “turn-around” bond issuance - Daily electronic submission to the Contractors State License Board of all new bonds with a license or application fee number
- SCP has maintained an excellent working relationship with the Contractors State License Board for more than three decades!
- Our highly trained underwriters utilize the official records of the Contractors Board to insure your bond is issued accurately
- Free embossed hard plastic ID card
- SCP never requires collateral for Contractor’s License Bonds
- Our underwriters are always available to assist you via telephone, fax or email (CluwDept@SuretyCoPac.com)
See License Bond Application for details regarding the application process.
Competitive Rates – Among the Lowest Available
SCP offers two sets of rates for the $12,500 bond:
- Preferred Rate for contractors licensed 4 or more years:
$134 for one year and $204 for two years
- Standard Rate for contractors licensed less than 4 years:
$180 for one year and $249 for two years
- No “surprise” premium increases due to a contractor’s credit history.
Claims Handling
Your California Contractor’s License is only as safe as the experience of the surety that bonds your license.
- SCP has more years of claims handling experience than any other surety company – by far.
- This is crucial to you because the less experienced surety may make “convenience” payments on invalid claims, which can result in loss of license and reimbursement of the surety’s loss and expense payments. SCP will not, because, unlike other surety companies, we are well aware of the sometimes harsh consequences of license bond payments.
| Kathleen Kelley Goodwin License 0D49985 6345 Balboa Blvd #325 Domicile: California |
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