Surety Bonds

Continental Heritage’s surety department is staffed by specialists that possess the expertise to service entrepreneurs operating in groundbreaking and/or difficult markets. We have underwritten millions in bonds for companies operating in a range of industries.

Marijuana Bonds

The medical and adult use marijuana industries are quickly expanding and subject to evolving legal and regulatory frameworks, including surety bond requirements. Continental Heritage has the expertise to help our clients meet legal and regulatory surety requirements.
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California Destruction Bonds

California Marijuana Destruction Bonds are required by the Bureau of Cannabis Control pursuant to California Code of Regulations and California Cannabis Bonds may be required by local city and county governments. The Bureau of Cannabis Control requires a surety bond in the amount of $5,000 for medical and adult use marijuana retailers, cultivators, manufacturers, distributors, testing laboratories, and micro-business licensees. California law allows local city and county governments to pass regulations and ordinances requiring marijuana businesses to post a surety bond with values ranging from $5,000 to $25,000. These bonds ensure compliance with licensure and permit requirements, the timely payments of taxes, and guarantee payments related to the cost incurred for the destruction of marijuana goods and materials in the event of a violation of the ACT or other pertinent regulations. Continental Heritage’s California Destruction Bond program will provide you with the required surety bond.

License and Permit Bonds

Almost every medical and adult use marijuana jurisdiction requires surety bonds as a prerequisite to receiving a license or permit to operate a marijuana business. Whether your surety bond guarantees payment of taxes, compliance with licensure requirements, or guards against claims of unlawful distribution and sale, Continental Heritage has the expertise and experience to meet all your marijuana surety needs.

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Private and Miscellaneous Bonds

As the marijuana industry continues to grow and evolve, new surety requirements have also developed. Continental Heritage has the expertise to work with our clients to address any unique, novel, or boutique surety requirements that may emerge.

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Alternative Energy Bonds

Solar, ocean, wind, hydro-electric, and geothermal are all alternative energy sources that are instrumental in America’s move towards energy independence. Government and private industry often require surety bonds as a prerequisite to obtain a license, operate, deliver, or resell alternative energy. Continental Heritage works with you to handle any emerging bonding challenge quickly and professionally.

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Construction Bonds

Construction bonds are a type of surety bond required in construction projects to protect against an adverse event, including bid, contractor license, payment, performance, site improvement, and supply bonds. Whether your bond is for a federal, state, or private project, Continental Heritage can fulfil all your construction bond needs.
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Federal

As a A.M. Best A- rated and Treasury listed carrier, Continental Heritage is qualified and has the experience to fulfil any construction bonds required by the Miller Act for a federally funded construction project.

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State

Construction bonds are almost a mandatory prerequisite for any state-funded construction project. If you are a contractor involved in a state-funded project, Continental Heritage can quickly and professionally service your construction bond requirements.

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Private

Private construction contracts may often require surety bonds, but rarely require specific bond language. Continental Heritage has the experience to quickly deliver your bonds with language acceptable to the financier, owner, general contractor, or other obligee.

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Contract Bonds

A Contract bond is a type of surety bond that bonds a principal for a particular contract, and are used in across numerous industries. If you need a bond to meet any contractual requirement, not matter how novel, Continental Heritage has the experience and flexibility to satisfy your needs.

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Court & Bail Bonds

Court bonds, also known as judicial bonds or court surety bonds – are often required in court proceedings to protect from possible loss resulting from an adverse outcome. Bail bonds secure a defendant’s release from custody by ensuring that the criminal defendant will appear in court as ordered. Whether you need a court or bail bond, Continental Heritage’s court and bail bond program can assist you in difficult times.

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Environmental Bonds

CHIC Environmental underwrites mining and renewable energy industries. Types of bonds written include, but are not limited to mining and waste industries.
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Mining

Mining has an impact on the land and water around it, and mining companies have a responsibility to ensure that the land and water are safe for future generations of people, plants, and animals. Reclamation bonds are surety bond that ensures the company responsible for mining will also be responsible for the cleanup.

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Waste

We underwrite closure and post-closure bonds are used to guarantee that the owners of a landfill/facility will close and/or monitor landfill facilities in accordance with the rules, regulations and specifications of the permit/closure plan issued by the obligee.

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