License, Performance & Payment Bonds Β· CA Specialist

Surety BondsCalifornia

Surety bonds for California businesses β€” from CSLB contractor license bonds to performance, payment and janitorial bonds. Wellington Partners works with multiple surety markets to find the best rate and issues most bonds same day.

What Bonds Does Wellington Partners Place?

A surety bond is a three-party agreement guaranteeing that a principal will fulfill an obligation to an obligee. If the principal defaults, the surety pays the claim.

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License & Permit Bonds
Required by the state or local government to obtain or maintain a contractor's license. CSLB requires a $25,000 contractor bond in California.
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Performance Bonds
Guarantees that a contractor will complete a project according to contract terms β€” required on most public works projects.
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Payment Bonds
Guarantees that a contractor will pay subcontractors, suppliers and laborers β€” often required alongside performance bonds.
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Janitorial Bonds
Protects clients against theft by cleaning service employees β€” often required by commercial cleaning contracts.
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Court & Fiduciary Bonds
Required by courts for executors, guardians, and fiduciaries managing assets on behalf of others.

What California Contractors Need to Know

Every contractor licensed by the CSLB must maintain a $25,000 contractor's license bond. This bond protects consumers β€” not the contractor.

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Current Requirement
As of 2024, the CSLB requires a $25,000 surety bond for all licensed contractors in California.
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Quick Issuance
Most contractor bonds can be issued same day with minimal underwriting for contractors with good credit.
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Low Annual Cost
Contractor bonds are typically low cost β€” a small annual premium based on your credit profile.

How Wellington Partners Places Your Bond

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Same-Day Issuance
Most bonds can be issued the same day β€” we know how critical timing is for licensing and contract requirements.
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Competitive Markets
We access multiple surety markets to find the best rate for your specific bond type and credit profile.
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Complete Program
Bundle your bonds with GL and WC through Wellington Partners for better pricing and one point of contact.
Free Quote Β· No Obligation Β· Same-Day Response
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πŸ”’ Sent to info@wpisgroup.com Β· CA Lic. #0G89296 Β· Never sold or shared

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Prefer to call a broker?(818) 492-4355

Need a Bond Fast?

Fill out the form or call us. Most bonds are issued same day β€” we know timing is critical.

πŸ“ž Call (818) 492-4355