Bonds
Some states require bonds depending on your business type. Owning a business means taking risks and at Lions & Coventry Insurance Services, we offer a variety of bond and license services to ensure that your business is protected. While there are many Bonds from which to choose, they can be issued for an extensively wide range of circumstances, and choosing the right bond to suit your needs can be a difficult task.
Quick answer: Some states require bonds depending on your business type. Lions & Coventry places performance, contractor’s, ERISA, fiduciary, sub-division, court, conservator, cannabis, fidelity and public officials bonds, plus licensing and permit services such as liquor licenses.
The professional and knowledgeable bond specialists at Lions & Coventry Insurance Services will work with you to develop a business solution to help meet all of your bonding goals. In addition to providing quality surety products, we also provide various licensing and permit services to ensure that your business runs to the letter of the law.
Our business solution services include:
- Performance Bonds
- Contractor’s Bonds
- ERISA Bonds
- Fiduciary Bonds
- Sub-Division Bonds
- Court Bonds
- Conservator Bonds
- Surety Bonds
- Cannabis Surety Bonds
- Fidelity Bonds
- Public Officials
- Liquor Licenses
If you need a bond or license, contact a bond specialist at Lions & Coventry Insurance Services today who can help you find the surety products that keep your business covered.
Contractors who need a license bond usually need liability and workers’ comp coverage as well; see contractors insurance.
FAQ
What is the California contractor license bond amount?
California’s CSLB requires a $25,000 contractor license bond for most license classifications. The bond protects consumers; it is not the same as general liability insurance.
Is a license bond the same as liability insurance?
No. A surety bond guarantees obligations to the state or obligees. General liability pays third-party injury or property claims. Most contractors need both.
Can Lions & Coventry place bonds nationwide?
Yes. Lions & Coventry is licensed in all 50 states (Est. 2009, CA Lic. #0G22084) and places contractor license, performance, cannabis, fidelity and related bonds.