Home | Our Company | Contact Us | Site Map | Feedback   Contact Us About Us Our Carrier Partners Testimonials Employment Opportunities General Liability Auto Property & Inland Marine Umbrella & Excess Builders Risk BOP & Small Business Workers' Compensation Bonds Marketing Archive Forms/Applications Producer Registration Commission Schedule Home > Bonds CA A X Rated Carrier Available in California and Oregon. More states coming soon. User Friendly System Easy To Quote Easy To Bind Competitive Rates Great Commissions   What's New Available Bonds Underwriting Guidelines Definition & Obligation Issuance Notarization Monthly Payment Plan Endorsements Claims Frequently Asked Questions Victory Contractor License Bond Application We are pleased to announce our new Victory Bonds Program underwritten by an A X rated carrier, Navigators Insurance Company! This new bonds program has a surety division that is dedicated to providing unsurpassed levels of client service and easy applications. Commercial Surety Instant Issue Bonds Contractor License Bond Bond Of Qualifying Individual (available through the Contractor License Bond option) [TOP] Underwriting Guidelines  Miscellaneous Commercial Surety Bonds License & Permit Bonds   Compliance Only: The principal must possess acceptable credit and must otherwise qualify for the license sought. At minimum this will be determined by a personal credit report. Should minimum credit not be met, a co-signer with preferred credit could be required. For Contractor License Bonds: If underwriting indicates unsatisfactory public records, Sub-Standard rate shall apply.   Factors or issues that may lead to a non-standard rating, additional security or declination are, but not limited to: Business and/or personal credit report may be below average Principal may be in litigation Accounts receivables may be pledged or in dispute Real estate is pledged to secure a bank line of credit Principal has loan guaranteed by the SBA The contractor performs work involving hazardous material The contractor has unpaid tax obligations The contractor has a bankruptcy in the past four (4) years Another bonding company declined or previously cancelled a bond There is a claim against a bond The contractor has a judgement awarded against them The contractor has collection accounts [TOP] Definition & Obligation Contractor’s License Bond guarantees to repay, reimburse and hold harmless any person damaged as a result of the violation of the code. Also covers any person damaged as a result of fraud in the performance of any written construction contract. [ TOP ]    Issuance  Instant Issue Bonds To issue a bond follow the steps below. Click the yellow checkbox indicating that the information is complete and correct Click Issue The Bond Click Yes, Issue the Bond Click Print Bond Package Click Print Invoice Fax (916.772.9292) or email (bondbinds@btisinc.com) the signed application within 10 days of binding. Referral Bonds If the bond was referred and you have received the Ok to Bind, you will need to use the link in the email or the Issue My Bond button on the submission screen and follow the steps above. If you are issuing a Contractor’s License Bond you may have the option to finance, in this case the buttons may differ. For more information about financing please see the Financing section on this page. Application The application is available prior to issuing the bond. Once you have checked the yellow box a Print Application Button will become available to you. Click on this button to access the Application and the Price Indication. Please note: To issue the bond you will need to return to the submission and proceed with the steps outlined above. [ TOP ]    Notarization  Notarization is only required for the following bonds: Contractors License Bond if a co-signor has been added Bond of Qualifying Individual if a co-signor has been added [ TOP ]    Monthly Payment Plan  The Monthly Payment Plan is available for California Contractor’s License Bonds with premiums of $500.00 or more. All other bonds must be paid in full. The minimum down payment is 20% of the premium. If additional premium is collected please indicate the actual amount collected on the Monthly Payment Plan Agreement prior to sending it to Best Choice Premium Finance Company. Copies of the finance agreement will be available once the account is established with the finance company. If the applicant decides they no longer wish to finance the bond, they have 10 days to disaffirm financing at no additional cost. To do so the applicant must submit a written request to Best Choice Premium Financing (Fax 818.610.2066). Please note once financing is cancelled the total premium would need to be paid in full to BTIS. Please note: If the bond is backdated, the first payment is due 30 days from the Effective Date. The finance company will send out a notice of cancellation if the first installment is unpaid 30 days from the EFFECTIVE DATE of the bond. In some cases, the first installment will need to be remitted at issuance. [ TOP ]    Endorsements  To endorse a bond follow the steps below. Bring up the original bond submission on the BTIS website Click Endorse My Bond Make the needed changes Submit the endorsement to underwriting Once you have completed these steps an underwriter will review your endorsement request. [ TOP ]    Claims  Please report all claims immediately to: Navigators Insurance Company 433 California Street, Suite 400 San Francisco, CA 94104 866.408.1922. [ TOP ]    Frequently Asked Questions How do I find out more? Use our live support for an immediate response or call your CSR or Underwriter at 916.772.9200. What should I do if I am having system problems? Use our live support for an immediate response or call your CSR or Underwriter 916.772.9200 How do I quote? The online price indication process is by far the quickest way to get a price AND you can quickly bind it if you wish. If you do not see a premium while quoting, you must submit to underwriting for review. How long is my bond quote valid? The bond quote is valid for 60 days. Can I set up financing with my own finance company? No, The only payment options at this time are: Pay In Full Monthly Payment Plan (through Best Choice Premium Finance) How do I get paid commission on a financed bond? The minimum down payment is 20% of premium. You should retain your commission from the down payment. If additional commission is due, then the remainder will become available on your monthly statement after BTIS receives funding from the finance company. If you collect more than 20%, please indicate the actual amount on the Monthly Pay Plan Agreement. Any amount collected over your commission amount must be remitted to BTIS. How does the Monthly Payment Plan work after I submit the signed Pay Plan Agreement to BTIS? BTIS will forward the signed agreement to Best Choice Premium Finance. The finance company will then send out a coupon book, cover letter (Sample), and a copy of the finance agreement to the insured (Sample). What is the down payment amount for the payment plan? The minimum down payment is 20% of premium. If you collect more than that, please indicate the actual amount collected on the Monthly Payment Plan Agreement so the financing is established correctly. What if the applicant decides not to finance the bond after financing is arranged? The applicant has 10 days to disaffirm the finanace agreement at no aditional cost. To do so, the applicant must submit a request in writing to Best Choice Premium Finance within 10 days. Please note that the bond would then need to be paid in full. My financed bond has a backdated effective date, when is my first payment to the finance company due? The first payment to the finance company is due 30 days from the effective date of the bond. Please note the finance company will send out a Notice of Cancellation if the first installment is unpaid 30 days from the EFFECTIVE DATE of the bond. In some cases, the first installment payment will need to be remitted at issuance. The applicant wants the installments automatically withdrawn. What do we have to do? Simply complete the ACH form and submit it with the signed Monthly Payment Plan Agreeemnt to BTIS. (ACH Form) What do I do now that my Bond has been issued? Contractor License Bond / Bond Of Qualifying Individual You will need to fax or email a copy of the signed bond package to BTIS. These bonds will be electronically filed with the CSLB. [ TOP ]  Edition 06/23/2010 This information is provided as a guideline only and is subject to change with or without notice. Recommended Settings to Use the BTIS Site © Copyright 2013 Builders & Tradesmen's Insurance Services, Inc. • 6610 Sierra College Boulevard • Rocklin, California 95677 Phone: 916.772.9200 - Fax: 916.772.9292 • CDI #0D10271 • All non-admitted business is placed through LAE Insurance Services, Inc. CDI # 0E44215