Contractors Can Now Easily Buy Surety Bonds In Los Angeles

Contractors Insurance Solutions, Inc., a California based company recently announced that they are making it easier for contractors to buy surety bonds in Los Angeles. The company states that they offer competitive rates for all of their insurance products and can help contractors to find exactly what they need.

Matt Rogers, a representative for the company says, “We are pleased to offer so many options for contractors. Our company is owned and managed by a licensed contractor, which means we know what we are doing. We know what contractors need and we can help them to choose the specific products that are best for their individual needs.”

Rogers says that the company fully understands the needs that contractors have with regards to insurance coverage and protecting themselves. He states that the company can help contractors in and around the Los Angeles area with their surety bond needs.

Surety bonds are a requirement that contractors must satisfy if they wish to legally work in the state of California. The state requires surety bonds as part of the licensing process and many consumers would rather not hire a contractor who is not licensed and properly bonded.

“It just makes sense that contractors would do whatever needs to be done in order to better market their business,” says Rogers. “Those who are not licensed and bonded honestly cannot expect to get much business when there are so many legitimate contractors who do meet the state requirements. We help those who want to be licensed and who want to add that extra business to their company.”

The company provides California contractor bonds that are affordable and Rogers adds that they can help contractors who currently have less than perfect credit. He says that lower credit scores should not dictate whether a dedicated contractor can legally provide services and adds that the company always has someone available to answer questions for those who have them.

Contractors in California, and in most other states, are required to purchase surety bonds that act like insurance for their projects. Their bonds must be in an amount that will cover the size of each project and the total cost of the bond is determined by the scope of the project. Rates for surety bonds can run between half a percent to more than five percent, which can be rather expensive on a project of a relatively high scope.

“This is why we are pleased to offer more affordable rates for our bonds,” says Rogers. “We know that contractors don’t want to spend their entire project profit on insurance coverage, so we offer more affordable rates for all project sizes.”

Rogers adds that they also have people available to help contractors who are new to the industry; those who may not know how surety bonds work or why they need them. Surety bonds are a bit complicated for those who have never had to deal with them and Rogers says that the paperwork alone can be a deterrent for many. He adds that everyone in the company is happy to assist those who are new to the industry and to help them to choose the right amount for each of their needed surety bonds.

Contractors in California who would like to learn more about the company’s California contractors insurance or those who are new to the industry and who simply want to know how these things work can visit the company on their official website. Rogers adds that they take the stress out of surety bonds by offering an easier and more affordable way for contractors to protect themselves on every job. The company offers more detailed information on their website about surety bonds and the process for securing contractor’s jobs. Those who are interested can also contact the company directly to speak with a represented of the company to get assistance with the application process or to learn more about surety bonds in general.