Surety & Fidelity Bonds for Businesses in California and Across the U.S.
Reputation with Bonding Solutions You Can Trust
Whether you’re a contractor bidding on a public project, a business applying for a license, or a company looking to protect against employee fraud, surety and fidelity bonds are essential tools for compliance, credibility, and peace of mind.
At Shalom Samya – Commercial Insurance Broker, we provide customized bonding solutions for businesses of all sizes, helping you meet legal requirements, win contracts, and reduce exposure to risk.
What Is a Surety Bond?
A surety bond is a financial agreement between three parties: the principal (your business), the obligee (the entity requiring the bond), and the surety company (the one that guarantees payment in case of a default).
Surety bonds are designed to ensure that you will fulfill contractual, legal, or regulatory obligations. If you fail to meet the terms, the surety covers the costs – and you reimburse the surety.
Common Types of Surety Bonds We Offer:
1. Contract Bonds
- Bid Bonds – Guarantee that your bid is serious and accurate.
- Performance Bonds – Ensure the project will be completed as agreed.
- Payment Bonds – Protect subcontractors and suppliers from non-payment.
- Maintenance Bonds – Cover defects after a project is completed.
2. License & Permit Bonds
Required by state and local governments to obtain or maintain licenses (contractors, auto dealers, notaries, freight brokers, etc.).
3. Court Bonds
Guarantee obligations in legal proceedings, such as appeal bonds, probate bonds, or guardianship bonds.
What Is a Fidelity Bond?
A fidelity bond protects your business from losses caused by dishonest acts of employees, such as theft, fraud, or embezzlement. Unlike surety bonds, fidelity bonds are a type of first-party coverage – meaning they directly protect your business.
Fidelity bonds are especially important for companies where employees have access to cash, inventory, financial systems, or client property.
Types of Fidelity Bonds:
- Employee Dishonesty Bonds – Cover financial losses from theft by employees.
- Business Service Bonds – Cover third-party property when employees work at client locations.
- ERISA Bonds – Required for businesses that manage employee benefit plans.
- Janitorial, IT, and Finance-specific Fidelity Bonds – Tailored to industries with elevated internal risk.
Do I Need a Bond for My Business?
You may be required by law, contract, or licensing authority to carry a bond. In many industries, having a bond isn't just a formality — it's a competitive advantage and a sign of professionalism.
You may need a bond if you:
- Apply for a state contractor’s license
- Bid on public or private contracts
- Provide services on client property
- Handle client assets, money, or sensitive data
- Are part of a regulated profession or industry
How Much Do Surety and Fidelity Bonds Cost?
Bond premiums are usually a small percentage of the total bond amount (typically 1–15%), depending on:
- Type and size of the bond
- Risk level of your industry
- Personal and business credit
- Experience and financial history
We work with top-rated bonding companies to get you fast approvals and competitive rates – even if your credit isn’t perfect.
Why Choose Shalom Samya?
- Over 15 years of experience in commercial insurance and bonds
- Access to national surety markets and exclusive programs
- Fast, efficient bonding – many approvals in 24 hours or less
- Personalized, one-on-one support from a licensed broker
- Licensed in 28 states – with a focus on California businesses
Frequently Asked Questions
What is the difference between a surety bond and insurance?
A surety bond guarantees your performance or compliance for someone else’s benefit. Insurance protects you. Bonds protect your clients, the government, or other third parties.
Can I get a bond with bad credit?
Yes. While credit impacts pricing and approval, we work with bonding companies that specialize in helping businesses with less-than-perfect credit.
How long does it take to get bonded?
For most standard bonds, approval can take as little as 24 hours, especially if financials and credit are in order.
Do I need a fidelity bond if I already have general liability insurance?
Yes. General liability doesn't cover internal fraud or theft by employees. Fidelity bonds fill that critical gap.
What happens if a claim is filed against my bond?
The surety will investigate and, if valid, pay the obligee. You (the principal) are then responsible for reimbursing the surety.
Get Your Bond Today – Fast, Affordable, Reliable
At Shalom Samya – Commercial Insurance Broker, we simplify the bonding process and explain everything clearly. Whether you're new to bonding or need to renew an existing bond, we're here to help.
Let’s make sure your business is protected and compliant – without the stress.
Request your free quote now or call us directly to speak with a bonding expert.
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