Surety Bonds

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

Marijuana Bonds

The medical and adult-use cannabis industries are subject to evolving legal and regulatory frameworks that include surety bond requirements.  Continental Heritage has the industry expertise to help our clients meet their legal and regulatory surety requirements.
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California Destruction Bonds

Continental Heritage’s California Destruction Bond program will provide you with the required surety bond for compliant operations.  California Cannabis Destruction Bonds are required by the Bureau of Cannabis Control, in the amount of $5,000.00, for medicinal and adult-use retailers, cultivators, manufacturers, distributors, testing laboratories, and micro-business licensees. In addition, California law allows local city and county governments to pass regulations and ordinances requiring cannabis businesses to post a surety bond in amounts ranging from $5,000 to $25,000.

These bonds ensure compliance with licensure requirements, the timely payments of taxes, and guarantee payments related to the costs incurred for the destruction of cannabis goods in the event of a violation of the Act or other pertinent regulations.

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License and Permit Bonds

Nearly all medical and adult-use marijuana markets requires surety bonds as a prerequisite to receiving a license or permit to operate a marijuana business. Whether your surety bond guarantees the payment of taxes or compliance with licensure requirements, Continental Heritage has the expertise and experience to meet your surety needs.

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Private and Miscellaneous Bonds

As the cannabis industry matures and evolves, new surety requirements have developed. The Continental Heritage team has the expertise to work with our clients to address any unique or novel surety requirements that may emerge.

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Alternative Energy Bonds

Solar, ocean, wind, hydroelectric, and geothermal are all alternative energy sources that are instrumental in America’s move towards energy independence. Government and private industry require surety bonds as a prerequisite to obtain a license, operate, deliver, or resell alternative energy. Continental Heritage will work 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 an A.M. Best A- rated and U.S. Treasury listed carrier, Continental Heritage has the experience and qualifications to issue any construction bonds required by the Miller Act for a federally funded construction project.

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State

Construction bonds are a mandatory prerequisite for nearly every state-funded construction project. If you are a contractor in a state-funded project, Continental Heritage can professionally service your construction bond requirements on an expedited basis.

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Private

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

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Contract Bonds

Contract bonds are a type of surety bond that bonds a principal for a particular contract and are used across numerous industries. If you need a bond to meet any contractual requirement, no matter how novel, Continental Heritage has the experience and flexibility to satisfy your needs.

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Court 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. Continental Heritage has the experience and flexibility to assist you in difficult times.

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Environmental Bonds

Our environmental team underwrites activity in the 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 generation of people, plants, and animals. Reclamation bonds are surety bonds that ensure the company responsible for mining will also be responsible for the cleanup.

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Waste

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

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