Sonoma County Permit/License Bond
The County of Sonoma requires businesses in the area to apply for bonds in order to acquire their permits and licenses and secure its activation. These permits and/or licenses are needed to ensure the public’s safety, security, and easement in the completion of both private and public projects.
What is covered under these permits and licenses?
The County of Sonoma issues several obligatory permits and licenses for businesses to conduct projects affecting the public property. These permits and licenses ensure standards are met and that the public will be compensated accordingly should accredited businesses cause any licensing infractions, such as damages to public right-of-way, in the course of the project.
These permits and licenses may include, but is not limited to, building constructions, transportation and encroachment, survey and land development, and other projects as possibly affecting the public’s safety and security. To know more about these legal requirements, please visit the Sonoma County website. You may also visit their physical office to get your queries cleared by their official information officer.
What is the Sonoma County Permit/License Bond?
Prior the conduct of any work affecting the usual public activities and any public property, businesses involved must secure necessary permits and licenses with the County of Sonoma. Such permits and licenses will require the security of bonds. These bonds will guarantee that developers or permittees will adhere to the terms of work, deliver expected outcomes to quality, and follow the County and engineering standards and other business regulations.
How does it work?
The Sonoma County Permit/License Bond must be issued by a surety bond provider certified by the County’s Insurance Department. The parties in the agreement are the Principal (permit applicant or business), Obligee (County of Sonoma), and Surety/Bond Company or Obligor (surety bond provider or insurance).
The Surety Company will guarantee the compensation (performance bond) of the Obligee should the Principal fail to deliver agreed upon services or violate any licensing provisions. The Surety Company will receive and assess the validity of all public claims where claims may only amount to the total penal sum arranged in the bond form. The Principal shall reimburse all expenses covered by the Surety Company.
The Surety Company is secured through an indemnity agreement as the permit applicant or licensed business will ensure the full reimbursement of the claims, including legal fees and premiums. This agreement shall be made before the execution of the bond.
How much does it cost?
Typically, the Permit and License Bonds issued by the County of Sonoma costs 0.5% of the total bond amount. Fortunately, credit checks are not required in securing the County’s permits and licenses.
How can I apply for this bond?
At Surety Bond Authority, we are dedicated to help you get your bond the fast and easy way. Here is a step-by-step guide to help you get started.
To get your permit and/or licenses ready, you are going to have to secure your bond as early as possible. If you are ready to get yours processed today, you can APPLY HERE. Rest assured our expert surety bond agent will guide you from the time of your application until the issuance of your bond.
In the assessment phase, our underwriter will need the following information:
- Nature of your profession or business
- Credit score
- Financial strength
For the speedy processing of your application, ensure you have gathered and provided accurate information upon submission.
Once the assessment is done, we will promptly issue your bond and send it your way. Contact us today and get your bond issued in no time!