The bad credit surety bond market is growing, which is bringing rates down and wiping out collateral requirements. Access to the bonding company with absolute lowest rates is 100% exclusive to our agency. This means that high risk applicants can rest assured that they will receive the lowest rate available from our agency. However, each carrier does have their limitations, which is why we use multiple different carriers to place our high risk clients, ensuring the best program for their specific scenario. In today’s economy many people are finding themselves in tough financial situations and consequentially seeing their credit scores plummet. Some have fallen on hard times because of gas prices, foreclosure, high credit card balances, medical bills, divorce, or just plain poor decision making. Regardless of the reason, credit affects one’s ability to qualify for a surety bond. Read more below on how to obtain a surety bond with bad credit.
The good news is that after the first year’s premium is paid, principals have the opportunity to begin repairing their credit. If credit can be repaired or at least improved adequately by renewal time then the cost of renewal for the surety bond can be only a fraction of what was paid for initial term under poor credit conditions. At M. A. BAGBY INSURANCE BROKERAGE we take a fresh look at each bond file every year prior to renewal. Our in house renewal department runs credit and reviews all files, including high risk cases to see if they can be remarketed to standard sureties with much lower premiums. In some cases we are able to work with our markets to get premiums lowered simply because of the relationship developed between principal, agent and surety. We may for instance show the surety that client A has been with us for X many years without any claims history, and we feel that the client is a good risk thereby deserving of a lower rate.
We finance California High Risk Contactors License Bonds (low as 20% down)
FAX ARE EMAIL IT BACK TO US (562) 381-7008
instantbond@msn.com
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M. A. BAGBY INSURANCE BROKERAGE LIC. #0450126
Tel (888) 950-8883
Contractors License Surety Bonds promise the contractor will operate his/her business as stated by the local or state government.
Contractors License Surety Bonds are being underwritten similar to other commercial surety bonds. The bonds are not particularly risky, there fore allowing for placement with a variety of different bonding companies. Rates are similar to other commercial bonds, which vary greatly, depending on the credit scores of the applicant.
Low Cost California Contractors Surety Bond amount is $12,500.00 and can be purchased for a low $116.00 per year. We also have programs available for Bad Credit Contractors Surety bonds. Oregon Contractors License bond amount vary by the class of work being performed and the annual volume. Nevada Contactors License Surety Bonds can be for as much as $50,000. Washington Contractors Surety Bond amount are either $6,000.00 or $12,000 depending on the classification.
Contractors General liability insurance
Used Car Dealer Bond * Bad Credit California license Bonds * Legal Document Assistant Bonds * Lost Title Bonds
Alaska P.O. Box 110806
Juneau 99811-0806 Contractors License Surety Bonds
Arizona Registrar of Contractors 800 W. Washington, 6th Floor Phoenix 85007
Contractors License Surety Bonds
Arizona Director, Department of Revenue 1600 W. Monroe Phoenix 85007 Contractors
Surety Bonds Tax
Arkansas Contractors Licensing and Permit Board 4100 Richards Road 72117
Contractors License Surety Bonds
California Contractors State License Permit Board P.O. Box 26000 Sacramento
95826 Contractors License Surety Bonds
California Contractors Bond California Contractors State License & Permit Board
P.O. Box 26000 Sacramento 95826 Disciplinary Contractors License Surety Bonds
Delaware Department of Labor, Division of Revenue 820 N French Street Wilmington
19801 Non-Resident Contractor License Surety Bonds
Delaware (New Castle) New Castle County Department 87 Reads Way New Castle 19720
Contractors License Bonds
Florida Treasurer, Department of Business and Professional Regulation 1940 North
Monroe Street Tallahassee 32399-0783 Contractors License Surety Bonds
Georgia State Board for General and Residential Contractors P.O. Box 13446 Macon
31208 Contractor License Surety Bonds
Hawaii Contractors Licensing Board, PVL Licensing & Permit Branch P.O. Box 3469
Honolulu 96801 Contractors License Surety Bonds
Illinois Department of Financial and Professional Regulation 320 West Washington
Street Springfield 62786 Roofing Contractors Bond (Limited
Louisiana Secretary, Department of Revenue P.O. Box 3440 Baton Rouge 70821-3440
Contractor Bond/Sub-Contractor Surety Bonds
Maryland Home Improvement Commission 500 North Calvert Street Baltimore
21202-3651 Home Improvement Contractors License Surety Bonds
Minnesota Department of Labor and Industry, CCLD-Licensing and Certification 443
Lafayette Road N St. Paul 55155 Electrical Contractors License Surety
Bonds
Montana (Missoula) City Council 435 Ryman St. Missoula 59802 Contractor License
Surety Bonds
Nevada State Contractors Board 9670 Gateway Drive, Suite 100 Reno 89521
Residential Pool & Spa Contractors License Surety Bonds
New Jersey Board of Examiners of Electrical Contractors 124 Halsey Street Newark
7102 Electric Contractors License Surety Bonds
Ohio (Canton) City of Canton Canton City Hall, Plaza Level, 218 Cleveland Ave SW
Canton 44702 Contractors License Surety Bonds
Ohio (Columbus) Department of Development, Building Services Division 757
Carolyn Avenue Columbus 43224 Contractors License Surety Bonds
Oregon Construction Contractors Board PO Box 14140 Salem 97309-5052 Contractors
License Surety Bonds (Residential)
Oregon Construction Contractors Board PO Box 14140 Salem 97309-5052 Contractors
License Surety Bonds (Commercial
Oregon Landscape Contractors Board 2111 Front St. NE, Suite 2-101 Salem 97301
Landscape Contractors License Surety Bonds 3K
Oregon Landscape Contractors Board 2111 Front St. NE, Suite 2-101 Salem
97301Landscape Contractor Surety Bonds 10K
Oregon Landscape Contractors Board 2111 Front St. NE, Suite 2-101 Salem 97301
Landscape Contractors Surety Bond 15K
South Carolina Residential Builders Commission P.O. Box 11329 Columbia
29211-1329 Contractors License Surety Bonds
Tennessee Board of Licensing Contractors, 500 James Robertson Pkwy., Suite 110
Nashville 37243-1150 Home Improvement Contractors License Surety Bonds
Virginia (Williams County) Department of Public Works, Building Development ,
Suite 120 Prince William 22192 Home Improvement Contractors License Surety Bonds
Washington Department of Labor and Industries, Contractor's Registration Section
PO Box 44450 Olympia 98504-4450 Contractors License Bonds
Washington Electrical Licensing & Certification PO Box 44460 Olympia 98504-4460
Electrical Contractor Surety License Bonds
We Specialize in the following types of bonds:
Administrator Bonds / Auctioneer License Surety Bonds / Bid and Performance Surety Bonds, Business Service Surety Bonds, California Auctioneer License Surety Bonds, California Contractor License Surety Bonds, Car Wash Surety Bonds, Care Facility Surety Bonds, Conservator ship Bonds, California Contractor Disciplinary Surety Bonds, Court Bonds, Crime Shield Surety Bonds, Disciplinary Surety Bonds, Employee Dishonesty Surety Bonds, Executor Surety Bonds, Farm Labor Contractor Bonds, Guardianship Surety Bonds, Highway use Fuel Tax Surety Bond, California Insurance Broker License Surety Bonds, Janitorial Services Surety Bonds, Legal Document Assistant Surety Bonds, Lost Note / Trust Deed Surety Bonds, California Motor Vehicle Defective Title Surety Bonds, California Notary Surety License Bonds, Paralegal/Legal Document Assistant License Bond / Pawn Broker Surety License Bonds / Pest Control Registration / Probate Surety Bonds, California Process Server License Surety Bonds, Professional Photocopier Surety Bond, Public Official Surety Bond, Sabbatical Leave Bonds, Sales Tax Surety Bonds, Tax prepare Bonds, Traffic School Surety Bonds, Utility Deposit Surety Bonds.
