According to the allegations of the complaint, on November 11, 2015, plaintiff May- Lynn Merryfields (“Plaintiff”) entered into an agreement with Steve Di Maggio Inc. (“Di Maggio Construction”) for the installation of new roofs; DiMaggio required the payment of a $3000 deposit, in violation of the Contractors State License Law. (See complaint, ¶¶ 8-9.) Di Maggio Construction performed work in disregard of the requirements of the construction contract, and below the standards of quality workmanship, and suspended its work, resulting in damage to the property. (See complaint, ¶¶ 11-15.) As a condition of the issuance, maintenance and renewal of a contractor’s license, Di Maggio Construction was required at the time of the project to have on file with the registrar a contractor’s bond in the principal sum of $12,500. (See complaint, ¶ 38.) Defendant Business Alliance Insurance Company (“BAIC”) issued and maintained that bond for Di Maggio Construction. (See complaint, ¶ 38-43.) On March 1