{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Speaking of Insurance","title":"How Contractors Lose Millions by Ignoring Bonding Capacity","html":"","width":"100%","height":180,"duration":1828,"description":"Bonding can make or break a contractor's next big project, and most people misunderstand it completely. If you think a bond is just cheap paperwork or a form of insurance, this conversation with Aaron and Brian Bollinger will change how you approach every bid, every underwriter, and every promise you put your business behind.Aaron and Brian break down what bonding really is, why California contractor license bonds keep getting more expensive, and why a low FICO score, bankruptcies, or messy payment history can instantly turn a simple approval into a costly obstacle. They also explain how small licensing bonds differ from larger project-specific bonds, and why growing contractors often hit a wall when they try to scale into bigger jobs without the right financial foundation.You'll discover:\n \nWhy a bond is closer to a bank loan or promissory note than insurance \nWhat underwriters look for beyond credit, including work in progress, profitability, and CPA-reviewed financials\nWhy same-day or instant online bonds can become a problem when your business starts growing\nHow bonding capacity works when you're taking on multiple projects at once\nWhat happens when a contractor overextends, underestimates risk, or signs away too much collateral\n \nBrian also shares real-world examples of contractors who hit a wall because of poor financial history, weak relationships with bonding companies, or rapid expansion into projects they weren't ready for. Aaron brings in the practical contractor's perspective, including the consequences of choosing the lowest quote, the importance of staying eligible for future work, and why bigger projects often come with hidden underwriting demands that can derail a plan fast.If you're a contractor, subcontractor, or anyone trying to level up into larger public or private jobs, this episode is essential listening. It shows you how to protect your license, build real bonding capacity, and avoid the mistake that can put your home, business, and future...","thumbnail_url":"https://img.transistorcdn.com/dHECMWMH7UdDMxVCK6uZsLMFIjvUnSx75gpYwTfdThI/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jZjYx/ZjA4ZDliODU5MjE5/ZmNkNjc2MGIxNjU1/YmJlYi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}