Preferred Bonding & Insurance Services is pleased to offer our clientele and prospective clientele a full range of bonds and insurance products. We provide your company the ultimate in personalized service, with your own custom-made bond program. Our phone number is 855-826-6333 or 323-663-7814. I have a construction company & have been fortunate to know Peter as he has been providing all the bonds needed for my public & private contracts.

This has given me the advantage to participate on better & bigger projects. Peter is very persistence and does not give up until the bond is issued. We call him the Bondman. We have used Preferred Bonding as our Bonding Agent for our public works projects for the last several years. There services are professional and excellent.

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Services

Our Team

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Peter Micciche, President has been around the bond business all his life. His mother, Patricia Zenizo, is the former President of Preferred Bonding and his father is a contractor; thus it was a natural fit for Peter to join the bonding business. Before he started working at Preferred Bonding, Peter worked in real estate for eight years as a mortgage broker.

SBA Bond Program

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One of our most popular markets is the Small Business Administration (SBA) Bond Guarantee Program, a government subsidized bond program that will: Assist by putting up to 80-90% guarantee which acts as collateral to help your company get bonded. SBA Has flexible underwriting guidelines; helping with problems such as, credit history, working capital solutions and track record experience.

8a Program

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The 8(a) program name is from Section 8(a) of the Small Business Act. The Act, as amended by Congress, created the 8(a) program so the U.S. Small Business Administration (SBA) could help small companies owned and operated by socially and economically disadvantaged persons develop their businesses. One of the business development tools of the 8(a) program is the award of Federal contracts.

Surety Bonds Defined

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Contract bonds are a type of surety bond that must be filed with the owner of a project (the "Obligee") as a condition for the contractor to bid on or to enter into a contract. Contract bonds consist of two primary categories - (1) bid bonds required of contractors as a condition for a contractor.

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