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Address: 5095 Murphy Canyon Rd Suite 200, San Diego, CA 92123
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Phone: (858) 384-1506
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Email: hello@foagency.com
Bonding
Navigate the intricacies of surety, commercial, and fidelity bonds with ‘Bond Basics.’ This category is your primer on the essential types of bonds critical for businesses and individuals alike. From securing contractual obligations with surety bonds and safeguarding against commercial risks to protecting assets with fidelity bonds, our expertly crafted articles demystify each bond type. Ideal for newcomers and seasoned professionals, ‘Bond Basics’ provides the foundational knowledge and latest insights needed to leverage these financial instruments effectively.
Contractors: What Should I Know About Bonds
Welcome to 4Contractors by 4C Advising → your place to build your strongest contractor business yet! The 4C series is simple. In each post, we answer one burning question contractors have so you can take care of business. Let’s jump in!…
An Introduction to Bonding for Contractors: Understanding Surety Bonds and Indemnification
In 2024, I had the privilege of helping contractors secure over $12 million in surety bonds, allowing them to take on significant projects, earn profits, and grow their businesses. Many of these clients were new to bonding and unsure where…
Bonded vs. Insured – What’s the difference?
Insured and Bonded are two terms that are commonly used in business, particularly when discussing When speaking about insurance for contractors, a term often used is “bond.” Beyond traditional types of insurance, a bond is an additional protection that covers…
5 Steps to Prepare Your Business for Contract Bonding
If you’re a contractor bidding on public or private commercial projects, you’ll likely need to be bonded to win the contract. Contract bonding assures the project owner that you’ll complete the work according to the terms of the agreement. However,…
California to Increase Bond Limits for Contractors and RMOs Starting 1/1/2023
Starting January 1st, 2023, the Contractors State License Board of California will increase all bond limits from $15,000 to $25,000. This includes contractor license bonds and RMO bonds in the state. The change comes as part of Senate Bill 607,…
Don’t overpay for your $100,000 LLC/Employee Worker Bond in California!
Introduction to California’s $100,000 LLC/Employee Worker Bond Hi, this is Mike with Fusco Orsini & Associates. We offer a lot of help with companies’ bonding programs. Now, in California, if you are a California contractor, you understand the need…
What Is A Payment Bond For Contractors?
Payment bonds can help your construction firm succeed! Construction professionals appreciate getting paid for their work, but employers rarely have to take out a special type of bond just to guarantee that they’ll pay their employees, subcontractors, and suppliers. Unfortunately,…
What You Need To Know About Getting A Performance Bond
Performance Bonds can help your construction company grow with confidence. If your construction company is expected to provide a performance bond as part of a project, that’s good. It means you have won a bid and are preparing to start a…
Surety Bonding and Your Construction Company
For many construction industry professionals, surety bonding presents a challenge. We receive phone calls on a daily basis from clients and prospects alike, many of which have been asked to provide a bond but don’t know where to begin. Although…
Surety Bonds vs. Liability Insurance
Key Differences for Contractors and Businesses Understanding the difference between surety bonds and liability insurance is essential for contractors, business owners, and professionals across various industries. Both offer protection but serve distinct purposes and are used in different situations. While…