If you are engaged in developing lots or parcels of subdivided land, you have the option of posting a California Blanket Surety Bond in lieu of individual tract bonds under Section 11013.2(c) of the Business and Professions Code of the State of California.
Bonds Express offers a California Blanket Surety Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Blanket Surety Bond holds you accountable for your business decisions.
By possessing a California Blanket Surety Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.