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# Coats Surety Insurance Services

Bond Services

## Sitemaps

- [XML Sitemap](https://www.coatssurety.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Blog](https://www.coatssurety.com/blog/)
- [What is a Mortgage Broker Bond?](https://www.coatssurety.com/what-is-a-mortgage-broker-bond/) - A mortgage broker bond is a type of license bond required for residential mortgage brokers, lenders, or servicers. It acts as a financial guarantee to repay losses due to unethical or unlawful business practices on behalf of the broker. The bond requirements for California are listed in the California Residential Mortgage Lending Act (CRMLA). According
- [Contractor’s License Bond Increase to $25,000 in 2023](https://www.coatssurety.com/contractors-license-bond-increase-to-25000-in-2023/) - Contractor's License Bond Increase: California Senate Bill 607 will increase the required amount for all contractor’s license bonds to $25,000 on January 1st, 2023. This increase includes the standard contractor’s license bond, the bond for qualifying individual, and the disciplinary bond. SB 607 also adds new licensing fees, as well as increases some existing fees,
- [How to Build Credit - Part 1](https://www.coatssurety.com/how-to-build-credit-part-1/) - What is Credit? Credit allows you to borrow money and access products or services now, with the understanding that you will pay in the future. Your ability to access credit is based on your credit history, which is a record of your debts and repayment of those debts. What is a Credit Score? Your credit
- [How to Build Credit – Part 2](https://www.coatssurety.com/how-to-build-credit-part-2/) - Click here for Part 1 of the series. How to Build Credit if You Don’t Have Credit History There are several ways to build credit history when you don’t have any. Apply for a credit card. The card you apply for will depend on your credit history. Cards are available for people with good credit,
- [Registration Services Bonds & Vehicle Verifier Bonds](https://www.coatssurety.com/registration-services-bonds-vehicle-verifier-bonds/) - Registration Services Bonds Registration services bonds are a pre-license requirement for any person or company that approves, renews, or transfers vehicle registration ownership. These bonds remain in effect, and renew annually, during the entire license period. Registration services bonds are intended to protect the public and/or the state from financial losses due to illegal or
- [Performance and Payment Bond Claims](https://www.coatssurety.com/performance-and-payment-bond-claims/) - How to File a Claim Performance and payment bond claims are initiated by contacting the surety company that issued the bond. If you do not know which surety company wrote the bond, you can request a copy of the bond from the principal or the owner of the project. A preliminary notice of intent to
- [What is a Defective Title Bond?](https://www.coatssurety.com/what-is-a-defective-title-bond/) - A defective title bond is used when a vehicle owner does not have a title or is otherwise unable to furnish evidence of ownership...
- [SB 607: Contractor’s License Bond Increase to $25,000 Set for 2023](https://www.coatssurety.com/sb-607-contractors-license-bond-increase-to-25000-set-for-2023/) - Coats Surety - On January 1st, 2023, California Senate Bill 607 will introduce a contractor's license bond increase to $25,000.
- [AB 1003: Theft of Employee Wages Punishable as Grand Theft](https://www.coatssurety.com/ab-1003-theft-of-employee-wages-punishable-as-grand-theft/) - Coats Surety - AB 1003, effective as of January 1, 2022, makes the intentional theft of employee wages, including gratuities, punishable as grand theft...
- [Understanding Claims on Contractors License Bonds](https://www.coatssurety.com/claims-contractors-license-bonds/) - Understanding the claims process on California Contractors License Bonds can mean the difference between quickly resolving a problem, and an expensive lesson in California construction law. Whether you intend to make a claim on a contractor’s license bond or must defend against a claim, you should familiarize yourself with the purpose of a license bond,
- [SB 607 & SB 727: New Legislation Impacting Contractor’s License Bonds and Contractor Liability](https://www.coatssurety.com/sb-607-sb-727-new-legislation-impacting-contractors-license-bonds-and-contractor-liability/) - Two new bills, both of which impact contractors, have passed the California Senate. The first bill, SB 607, increases the required amount for contractor’s license bonds to $25,000 effective January 1, 2023. This increase includes all three contractor’s bond types: license, license for qualifying individual, and disciplinary. SB 607 adds additional licensing fees, as well
- [Auto Dealer Bonds](https://www.coatssurety.com/auto-dealer-bonds/) - What is an Auto Dealer Bond? Auto dealer bonds, or motor vehicle dealer bonds, are a type of license bond required by states in order to register and operate a motor vehicle dealership. The motor vehicle bond categories vary by state, and can include: new and used car dealer bonds, motorcycle dealer bonds, mobile home
- [Release of Mechanic's Lien Bonds](https://www.coatssurety.com/release-of-mechanics-lien-bonds/) - What is a Release of Lien Bond? A release of lien bond, or release of mechanic’s lien bond, removes a lien that has been placed on a property. A mechanic’s lien can be placed on a property if the owner is alleged to owe money to a qualified lien holder. State court systems use liens
- [Structured Settlement Bonds](https://www.coatssurety.com/structured-settlement-bonds/) - What Is a Structured Settlement Bond? Structured settlement bonds, sometimes called structured funding bonds or structured settlement transferee bonds, are required for structured settlement purchase companies to register their business within certain states. Currently, these bonds are mandated in 4 states: Georgia, Maryland, Louisiana, and Nevada. This list will likely grow in the future to
- [Lost Trust Deed/Note Bonds](https://www.coatssurety.com/lost-trust-deed-note-bonds/) - Lost trust deed bonds (also known as lost trust note bonds) are required by title insurance companies when there is uncertainty regarding the payoff status of a promissory note/deed of trust on real property. 
- [Probate Bonds: What They Are and Why We Need Them](https://www.coatssurety.com/probate-bonds-what-they-are-and-why-we-need-them/) - Probate is the court-managed process of proving a will as authentic. The point of proving the will as authentic is to distribute a deceased person’s estate among any heirs or creditors that may exist. In the absence of a will, probate courts will still oversee the distribution of the deceased person’s estate. An executor (sometimes
- [Contractors Responsible for Subcontractors Payroll effective Jan. 1, 2018](https://www.coatssurety.com/contractors-responsible-subcontractors-payroll-effective-jan-1-2018/) - Effective January 1, 2018, General Contractors will be legally responsible to ensure that their Subcontractor’s workers get paid on the GC’s projects. This includes fringe benefits, attorney fees and associated court costs for laborers bringing suit against a GC. GC’s should take care to monitor their Subcontractor’s payroll and protect themselves against the added risk
- [Surety Bonds and CPA Prepared Financial Statements](https://www.coatssurety.com/financial-statements/) - A CPA prepared financial statement is an investment in your business to increase surety bond capacity.
- [The SBA Surety Bond Guarantee Program - Construction Opportunities](https://www.coatssurety.com/sba-surety-bond-guarantee-program-can-create-opportunities/) - Using the SBA Surety Bond Guarantee Program Can Create Construction Opportunities for Your Business
- [Consequential Damages In Construction Contracts Can Affect Profit](https://www.coatssurety.com/consequential-damages-construction-contracts-can-affect-profit/) - Consequential damages in construction contracts can affect profit
- [Understanding a Claims on California Contractors License Bonds](https://www.coatssurety.com/understanding-claims-california-contractors-license-bonds/) - Understanding the claims process on a California Contractors License Bond can mean the difference between quickly resolving a problem, and an expensive lesson in California construction law. Whether you intend to make a claim on a contractor’s license bond or must defend against a claim, you should familiarize yourself with the purpose of a license
- [Attention Public Works Contractors and Subcontractors!!!](https://www.coatssurety.com/attention-public-works-contractors-subcontractors/) - As you may recall, the Department of Industrial Relations (DIR) requires contractors wishing to bid on public works contracts to register with the DIR on an annual basis. The registration period begins and ends on the DIR’s fiscal year end (July 1, 2016 to June 30, 2017). On June 7, 2016, the DIR opened the
- [The Importance of the WIP to Surety Credit](https://www.coatssurety.com/importance-work-process-schedule/) - Contractors who are applying for surety credit should pay close attention to their backlog and the impact it has on their ability to obtain and potentially increase their surety bond credit. The Work in Process Schedule (WIP) is a powerful tool in helping to manage backlog and analyze the profitability of each job at any
- [The Perils of Subdivision Bonds](https://www.coatssurety.com/the-perils-of-subdivision-bonds/) - Subdivision bonds come in all shapes and sizes from guaranteeing the construction of streets, sewers and sidewalks, to guaranteeing that engineers’ and surveyors’ monuments are accurately and timely placed. A City or Municipality (Obligee) may require a Principal to submit a bond for building an entirely new neighborhood, or even a small retail project. There
- [It Is Important To Accrue For The Final Cost Of The Premium On Payment And Performance Surety Bonds](https://www.coatssurety.com/it-is-important-to-accrue-for-the-final-cost-of-the-premium-on-payment-and-performance-surety-bonds/) - It is difficult to ascertain what the final contract price will be on a construction contract. As such, it is equally difficult to ascertain what the final premium due to the surety will be, because the one is tied to the other. The premium on surety bonds is the value received by the surety bond
- [CSLB Increase $12,500 - $15,000](https://www.coatssurety.com/cslb-increase-12500-15000/) - As you may have heard, the State of California recently passed Senate Bill 467 which increases the bond penalty for Contractor's License Bonds. Effective January 1, 2016, the bond penalty will increase from $12,500 to $15,000. Per an agreement with the California Contractors State License Board (CSLB) and the sureties, the bond penalty will automatically increase
- [What to do if you get a notice of a claim](https://www.coatssurety.com/what-to-do-if-you-get-a-notice-of-a-claim/) - If you are notified of a potential claim on one of your bonds, the first thing to do is relax. Many claims amount to nothing, and do not necessarily negatively impact your reputation as a contractor, or your relationship with your surety company. Your first step should be to call your agent and discuss the specifics of the claim.

## Pages

- [Home](https://www.coatssurety.com/) - [et_pb_section bb_built=”1″ module_id=”featured” _builder_version=”4.16″ background_image=”https://www.coatssurety.com/wp-content/uploads/2022/01/pattern-dark@2x.png” background_size=”initial” background_repeat=”repeat” custom_margin=”0px||0px||true|false” custom_padding=”0px||0px||true|false” global_colors_info=”{}” next_background_color=”#ffffff”][et_pb_row column_structure=”1_2,1_2″ custom_padding_last_edited=”on|phone” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”||||false|false” custom_padding=”60px||60px||true|false” custom_padding_tablet=”20px||20px||true|false” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”SURETY BOND SERVICES” _builder_version=”4.27.2″ text_text_color=”#ffffff” text_font_size=”18px” text_line_height=”1.8em” header_text_color=”#2a1812″ header_2_text_color=”#ffffff” background_size=”initial” background_position=”top_left” background_repeat=”repeat” background_layout=”dark” custom_margin=”80px||20px||false|false” custom_margin_tablet=”||40px||false|false” custom_margin_phone=”20px||||false|false” custom_margin_last_edited=”on|phone” global_colors_info=”{}”] SURETY BOND SERVICES For more than 20 years, Coats Surety has
- [Waste Tire Bonds](https://www.coatssurety.com/waste-tire-bonds/) - [et_pb_section fb_built=”1″ module_id=”featured” _builder_version=”4.20.4″ background_image=”https://www.coatssurety.com/wp-content/uploads/2023/12/waste-tire-fi-t-3.jpg” parallax=”on” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ custom_margin=”0px||0px||true|false” custom_padding=”0px||0px||true|false” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” custom_padding_last_edited=”on|phone” _builder_version=”4.20.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”||||false|false” custom_padding=”60px||60px||true|false” custom_padding_tablet=”20px||20px||true|false” custom_padding_phone=”” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.20.4″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”SURETY BOND SERVICES” _builder_version=”4.20.4″ text_text_color=”#ffffff” text_font_size=”18px” text_line_height=”1.8em” header_font=”|700|||||||” header_text_color=”#FFFFFF” header_2_text_color=”#ffffff” background_size=”initial” background_position=”top_left” background_repeat=”repeat” background_layout=”dark” custom_margin=”80px||20px||false|false” custom_margin_tablet=”||40px||false|false” custom_margin_phone=”20px||||false|false” custom_margin_last_edited=”on|phone” global_colors_info=”{}”] Need AWaste TireHauler Bond?
- [Types of Bonds](https://www.coatssurety.com/types-of-bonds/) - [et_pb_section bb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”||2px|||” collapsed=”off” global_colors_info=”{}” next_background_color=”#000000″][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”TYPES OF SERVICE” _builder_version=”4.16″ _module_preset=”default” vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ z_index_tablet=”0″ text_text_shadow_horizontal_length_tablet=”0px” text_text_shadow_vertical_length_tablet=”0px” text_text_shadow_blur_strength_tablet=”1px” link_text_shadow_horizontal_length_tablet=”0px” link_text_shadow_vertical_length_tablet=”0px” link_text_shadow_blur_strength_tablet=”1px” ul_text_shadow_horizontal_length_tablet=”0px” ul_text_shadow_vertical_length_tablet=”0px” ul_text_shadow_blur_strength_tablet=”1px” ol_text_shadow_horizontal_length_tablet=”0px” ol_text_shadow_vertical_length_tablet=”0px” ol_text_shadow_blur_strength_tablet=”1px” quote_text_shadow_horizontal_length_tablet=”0px” quote_text_shadow_vertical_length_tablet=”0px” quote_text_shadow_blur_strength_tablet=”1px” header_text_shadow_horizontal_length_tablet=”0px” header_text_shadow_vertical_length_tablet=”0px” header_text_shadow_blur_strength_tablet=”1px” header_2_text_shadow_horizontal_length_tablet=”0px” header_2_text_shadow_vertical_length_tablet=”0px” header_2_text_shadow_blur_strength_tablet=”1px” header_3_text_shadow_horizontal_length_tablet=”0px” header_3_text_shadow_vertical_length_tablet=”0px” header_3_text_shadow_blur_strength_tablet=”1px” header_4_text_shadow_horizontal_length_tablet=”0px” header_4_text_shadow_vertical_length_tablet=”0px” header_4_text_shadow_blur_strength_tablet=”1px” header_5_text_shadow_horizontal_length_tablet=”0px” header_5_text_shadow_vertical_length_tablet=”0px” header_5_text_shadow_blur_strength_tablet=”1px” header_6_text_shadow_horizontal_length_tablet=”0px” header_6_text_shadow_vertical_length_tablet=”0px”
- [About Coats Surety Services](https://www.coatssurety.com/about-coats-surety-services/) - [et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”] ABOUT US [/et_pb_text][et_pb_text admin_label=”Text” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”] Coats Surety has been providing expert knowledge and family-oriented service to a variety of contractors, developers, and clients in need of surety bonding since
- [Get Started](https://www.coatssurety.com/get-started/) - [et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_margin=”-30px||-50px||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”GET STARTED” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”] GET STARTED We can get started with as little as a phone call. A phone call can provide enough information for us to formulate a plan on our end, and set expectations on
- [Contact](https://www.coatssurety.com/contact/) - [et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row column_structure=”2_3,1_3″ _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”2_3″ _builder_version=”3.0.47″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.5.6″ _module_preset=”default” hover_enabled=”0″] CONTACT US [/et_pb_text][et_pb_code _builder_version=”4.5.6″ vertical_offset_tablet=”0″ horizontal_offset_tablet=”0″ z_index_tablet=”0″ box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px”] Contact Form Δ Request Information About? - Select -General QuestionsCourt BondsContract BondsSubdivision BondsMiscellaneous Bonds State - Select -AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest
- [Forms](https://www.coatssurety.com/forms/) - [et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.5.6″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″] FORMS [/et_pb_text][et_pb_text _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]Contractor’s Questionnaire For contractors, please complete the questionnaire, or provide one that you have previously completed. Bond Request Form Personal Financial Statement Work in Process Schedule[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
- [Thank You](https://www.coatssurety.com/thank-you/) - Thank you for sending us the details about the bond you require. We will review them and get back to your shortly. In the meantime, use the resources below for more information.
- [Misc.](https://www.coatssurety.com/types-of-bonds/misc/) - Maecenas faucibus mollis interdum. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Nulla vitae elit libero, a pharetra augue. Vestibulum id ligula porta felis euismod semper. Donec id elit non mi porta gravida at eget metus. Nullam id dolor id nibh ultricies vehicula ut id elit. Nullam id dolor id nibh
- [Attorneys](https://www.coatssurety.com/types-of-bonds/attorneys/) - Maecenas faucibus mollis interdum. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Nulla vitae elit libero, a pharetra augue. Vestibulum id ligula porta felis euismod semper. Donec id elit non mi porta gravida at eget metus. Nullam id dolor id nibh ultricies vehicula ut id elit. Nullam id dolor id nibh
- [Need a Surety Bond?](https://www.coatssurety.com/need-a-surety-bond/) - Chances are, you are reading this because you need a surety bond and you aren’t exactly sure what a surety bond is. Surety bonds are a third party financial guarantee for some obligation that you are undertaking. Like other financial products, such as a loan, mortgage, or line of credit from a bank, the surety
- [All Elements](https://www.coatssurety.com/all-elements/)

## Categories

- [General](https://www.coatssurety.com/category/general/)

## Tags

- [WIP](https://www.coatssurety.com/tag/wip/)
- [Surety](https://www.coatssurety.com/tag/surety/)
- [Bonds](https://www.coatssurety.com/tag/bonds/)
- [Contractors](https://www.coatssurety.com/tag/contractors/)
- [SBA](https://www.coatssurety.com/tag/sba/)
- [Surety Bond](https://www.coatssurety.com/tag/surety-bond/)
- [Construction](https://www.coatssurety.com/tag/construction/)
- [auto dealer bonds](https://www.coatssurety.com/tag/auto-dealer-bonds/)
- [motor vehicle dealer bonds](https://www.coatssurety.com/tag/motor-vehicle-dealer-bonds/)
- [vehicle dealer bonds](https://www.coatssurety.com/tag/vehicle-dealer-bonds/)
- [surety bonds](https://www.coatssurety.com/tag/surety-bonds/)
- [sb 607](https://www.coatssurety.com/tag/sb-607/)
- [sb 727](https://www.coatssurety.com/tag/sb-727/)
- [contractor's license bonds](https://www.coatssurety.com/tag/contractors-license-bonds/)
- [contractor's license bond legislation](https://www.coatssurety.com/tag/contractors-license-bond-legislation/)
- [bond legislation](https://www.coatssurety.com/tag/bond-legislation/)
- [contractor liability](https://www.coatssurety.com/tag/contractor-liability/)
- [subcontractor bonds](https://www.coatssurety.com/tag/subcontractor-bonds/)
- [contractors license bonds claims](https://www.coatssurety.com/tag/contractors-license-bonds-claims/)
- [contractors bonds claims](https://www.coatssurety.com/tag/contractors-bonds-claims/)
- [ab 1003](https://www.coatssurety.com/tag/ab-1003/)
- [employee wage theft](https://www.coatssurety.com/tag/employee-wage-theft/)
- [employer wage theft](https://www.coatssurety.com/tag/employer-wage-theft/)
- [employee wage theft grand theft](https://www.coatssurety.com/tag/employee-wage-theft-grand-theft/)
- [wage theft grand theft](https://www.coatssurety.com/tag/wage-theft-grand-theft/)
- [wages grand theft](https://www.coatssurety.com/tag/wages-grand-theft/)
- [wage theft jail time](https://www.coatssurety.com/tag/wage-theft-jail-time/)
- [defective title bond](https://www.coatssurety.com/tag/defective-title-bond/)
- [lost title bond](https://www.coatssurety.com/tag/lost-title-bond/)