A Closer Look At Why Contractor Bond Pricing Is Determined By Credit

Contractor license bonds are vital because they’re able to guarantee that a particular contractor can be able to operate their business in compliance with certain regulations and rules that pertain to a particular contractor license. These bonds mainly try to protect the public from being ripped off by contractors.

This article clearly tries to look at Why contractor bond pricing is determined by credit. The cost of a contractor license bond is mainly dependent on your personal credit. If a contractor has stellar credit, then this means that he or she is eligible for standard market rates. The range is mainly between one percent to three percent of a particular amount of the bond. To get the most accurate quote complete a contractor bond form with an established surety company.

If you have items that are already past due on your credit account or if you have a low credit score, then the rate for annual premium mainly ranges between 5% to approximately 15% of the total amount of the bond.

It is worth noting down that there is a surety credit that a surety company can provide to a particular contractor. Contractor bond pricing is mainly based on credit because surety companies mainly try to find contractors who are less likely to cause any financial losses to their companies according to California based, ContractorBond.org.


How Credit Affects Contractor Bond Pricing

– Credit mainly acts as an indication whether a particular individual can pay all their debts on time. If they’re unable to pay them on time, then they have bad credit. Bad credit directly affects your chances of getting a contractor bond license.
– A person who has bad credit can be approved for a bond, but they have to pay a higher price than an individual who has a stellar credit.
– This means that if you want to increase your chances of being approved for a contractor license bond at a very reasonable price, you should try to maintain stellar credit at all times.

The pricing of a contractor bond is therefore determined by five factors.

Below are some of these factors.

– Your personal credit plays a major role in determining how much you have to pay to get a contractor bond license.
– The amount of cash you have on hand.
– Your industrial experience
– It is also dependent on your business financials.
– Your personal financials also affects the pricing of a contractor bond.

Finally, if you’re an experienced contractor looking to get a better deal for your contractor bond license, ensure that you always pay all your debt on time so that you can maintain a better credit score. Do your research with several online listings to find the company that is going to give you the best pricing and customer service.

How To Remodel Your Kitchen The Easy Way


If you’re looking to give your kitchen a full remodeling, you’ll probably have to dismantle your existing arrangements substantially. While many people choose to get professional help for the dismantling and disposal of their kitchen, it can be a straightforward DIY task if you’re merely changing the units and not moving around the major utilities. If you’re inclined to see your kitchen remodel as an opportunity for a hands-on DIY project, there are a few essential things you need to remember.

Safety is an all-important concern, and you’ll need to make sure your work environment is as safe as possible before you start dismantling. First of all, ensure that all circuits to the kitchen area are turned off. Tape down the breakers to ensure they don’t inadvertently get turned back on. If it’s not clear which circuits go to which area on your fuse box, then either turn off all the power or call in a professional. It’s not worth the risk! If you need to move any major utilities such as the dishwasher or cooker, it’s a good idea to shut off your gas and water supplies while you’re working.

According to Contractorbondquote.com, If you ever have any doubt about what you are doing it is highly recommended to hire a licensed, bonded and insured contractor to help with your project.

Once you’ve prepared a safe work environment, it’s important to know where you’re going to put all the excess supplies you’ll create and the old units ready for disposal. That’s why it’s wise to hire a skip in advance to save yourself the hassle of dumping everything around the back of your property or making multiple trips to the recycling center. Regardless of what you plan to do with the remnants of your old kitchen, it saves a lot of time if you have a convenient place to store them while you’re working.

It’s also vital that you avoid some of the most common mistakes that come with a DIY kitchen remodeling. For example, some people don’t allow themselves enough time to remodel and consequently haven’t made arrangements for a temporary kitchen space that can be used for basic cooking and perhaps eating. It’s important to hang plastic covers over doorways to stop dust and debris from making its way into your living or dining rooms. Ignoring the need to cook and keep dust to a minimum can lead to unnecessary stress that may hold up the entire project.

The worktop will be screwed onto the base units from underneath, so its removal is a simple job of unscrewing the worktop, running a knife along the join between the worktop, and the tiles/wall if it’s sealed with silicon, and lifting the worktop clear.

The biggest mistake you could make, though, is to damage either your walls or units that you want to reuse. To avoid this, it’s important to remove all doors and drawers before thinking about removing the units. Then start by dismantling the base units, because this will allow you easier access to any cabinets mounted on the wall. Units are typically either screwed or bolted into the wall. In either case, you need help from someone who will hold the wall unit in place while you unscrew,/unbolt them.

Remember, if you’re at all unsure about removing appliances, flooring or units, it’s a good idea to opt for professional help. A DIY project can quickly go wrong if mistakes made, so more complex projects will benefit immeasurably from in-depth, expert advice.

How To Remodel Your Kitchen With a Strict Budget

Kitchen wall tiles come in a wide variety of finishes, colors, sizes, materials, and range from low to high on cost. But, no matter what kind of budget is allotted, there are several tile options to choose from. Tiling the kitchen yourself is a budget friendly option, and is a doable project for most anyone.

When planning to tile a backsplash, there are many patterns and colors available on the market today. So knowing what type of design and colors of kitchen tiles are wanted is a big step out of the way. If the house is a starter home and will be sold one day, then neutral colors are needed for resale purposes. Designing the pattern for the kitchen wall tiles can be one way for the homeowner to add style and creativity to the kitchen update or remodel. Since kitchen wall tiles come in sizes that range from one inch to twenty-four inches (or more), it is easy to add a great pattern to the kitchen backsplash.

Finishes for kitchen wall tiles include glossy, matte, or textured. While materials for tiles range from stone, glass, ceramic, metal, to slate. And depending on what type of equipment chosen and how big the area to be tiled is, will determine the cost of the kitchen wall tiles. There are even painted tile murals and painted tiles with a wide variety of paintings, and range in price from moderate to high.

Just because the budget is strict does not mean that style or quality materials are out of reach. There are plenty of stylish options that can achieve on any budget. A lot of times these areas are smaller which means it can be more affordable if you want to go with glass or stone tiles. Metal kitchen tiles are becoming very popular in kitchen updates and remodels.

There are hundreds of contractor blogsconstruction profiles or websites available to educate yourself as much as possible before undergoing and home improvement project. Be sure to do your homework!

We Know Contractors Insurance!

We deal with contractors everyday and we understand the unique needs of the construction industry. From certificates of liability to meeting the limits of a $5,000,000 umbrella policy we can do it all. We have access to the highest rated insurance companies in the industry and value our customers business. General liability and contractor bonds are our specialty, but we can also write commercial auto coverage and workers compensation insurance as well. if you have questions or concerns about your current policy please reach out to us…we would like to help!