Your business—whether you’re a contractor, electrician, plumber etc.—relies on the trust of customers. But most customers want a reason to trust you. You may have great online reviews and word-of-mouth buzz, but the true sign of professional responsibility is bonding your business.
A surety bond is essentially a guarantee that a contracted job will be completed according to the agreed upon terms. If the business defaults or is otherwise unable to complete a project, the surety company that bonded said business is obligated to hire another business to complete the job or compensate the project owner for any incurred financial losses.
Because surety companies have the right to deny coverage to high-risk business and because of the fact that many construction-related occupations require bonds in order to obtain a business license, the bonding process helps to weed out the bad seeds of the industry. With no bond and no business license, a business won’t be legally allowed to operate. Customers can feel at ease letting a bonded business into their homes because they know that the business has taken the responsible route in making sure their business is legal and protected.
Do you want to learn more about surety bonds for your business? Call your independent insurance agent to discuss the available options in order to find the most suitable types of bonds for your needs.
Protect both your business and your customers. Call Nor Cal Pacific at 530-221-2300 for more information on surety bonds.