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License & Permit Bonds |
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Definition: Bonds required by state law, municipal or county ordinance or regulation to be filed prior to the granting of a license to engage in a particular business or a permit to exercise a particular privilege. These bonds provide payment to an Obligee for loss or damage resulting from violations by the licensee for the type of work being performed.Examples: general contractors, electrician, plumber, wrecker service, house movers, sign erection/removal, excavation, superheavy/oversize permit, etc... We have authority from our underwriters to issue these bonds in-house up to $25,000. Contact our office for application information and rates. Larger bonds will require underwriting and review of financial information. Contact our office for information.
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