		1-800-815-7774
		Pinnacle Surety & Insurance Services 151 Kalmus Drive Suite A-201 Costa Mesa, California 92626

ANNOUNCEMENT

Pinnacle Surety & Insurance Services is pleased to announce that
Mr. Shawn Blume has joined the firm. Mr. Blume has been a surety agent for the past 15 years. Prior to becoming a surety agent he was an underwriter with the Chubb Corporation and the Reliance Group.

PINNACLE SURETY - SURETY BONDS

Pinnacle Surety is a California surety bonding company that has developed an expertise in servicing your company's bonding needs. Our team welcomes the opportunity to service you with the benefits of our comprehensive bonding relationships. We've got you covered!

Surety Bonds we provide

Contract Bonds

Performance Bonds

Bid Bonds

Payment Bonds

Permit Bonds

Miscellaneous Bonds

Subdivision Bonds

License Bonds

Contract Bonds
Bid Bonds: A bid bond is provided to the Obligee/Owner from the contractor in order to give assurance that if the contractor is the successful bidder the contractor can provide a payment and/or performance bond.

Performance Bonds: A bond which promises that the terms of a contract, or some of them, will be performed by the Principal/Contractor.

Payment Bonds: A bond which promises to pay some or all of the persons who provide material, labor, or services for prosecution of a contract.

Subdivision Bonds
Subdivision bonds are different from the more common performance bonds used for construction projects. With subdivision bonds, the owner of the project provides bonds to the public agency to guarantee the installation of improvements that will ultimately be dedicated to the public but paid for by the owner/developer.

Miscellaneous Bonds
License and permit bonds are those required by state law, municipal ordinance, or by regulation and in some instances by the federal government or its agencies.

INDUSTRY NEWS

September 11, 2007 - Contractors May Recover Lost Profit Damages as a Result of Losing Bonding Capacity Caused by Wrongful Termination by a Public Agency
August 28, 2007 - Infopia and buySAFE Partner to Enhance eCommerce Trust
August 28, 2007 - Fitch to Rate $900MM Long Beach Bond Fin Auth Natural Gas Purchase Rev Bnds 'AA
August 28, 2007 - SBA Increases Access to Bonds for Small Businesses
August 28, 2007 - CMS proposes surety bond requirement for DMEPOS suppliers

Pinnacle License No: OB45331

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