South Carolina Finance

Sep 18 2018

California Contractor – s License Surety Bond

#california #state #contractors #license #bond


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California Contractor s License Surety Bond

Bond Requirements and Online Application

The California Contractor s License Surety Bond is required by the Contractors State License Board.

A California Contractor s License Surety Bond must be in place with the Contractors State License Board under the State of California s Department of Consumer Affairs. This bond must be on file before the board can issue an active license, reactivate an inactive license, or renew an active license.

What is the Purpose of This Bond?

The bond is filed for the benefit of consumers and employees. It ensures that customers receiving construction work that is defective or in violation from the law receive compensation. For employees, it ensures they receive the paid wages that are due to them.

What are the Bond Requirements?

The requirements for the California Contractor s License Surety Bond per the Contractors State License Board are:

  • The bond must be written by a surety company licensed through the California Department of Insurance, like Surety1.
  • The bond must be in the amount of $15,000.
  • The business name and license number on the bond must correspond exactly with the business name and license number on the California State License Board s records.
  • The bond must have the signature of the attorney-in-fact for the surety company.
  • The bond must be written on a form approved by the Attorney General s Office.
  • The bond must be received at the California State License Board s Headquarters Office within 90 days of the effective date of the bond.

The California Contractor s License Surety Bond is not Insurance

There are distinctions between the surety bond and insurance. One important difference is that the contractor remains liable for his or her own obligations. They must repay the surety for losses incurred by the surety as a result of the contractor’s actions.

How do you get a California Contractor s License Surety Bond?

Here at Surety1, we have been providing low cost bonding since 2003. To do this, we work with over a dozen different companies to ensure our prices are the lowest. We offer a free and easy to use online application. This provides our customers with a fast and free quote from one of our surety experts.

To start the process of getting your contractor bond today, complete an online application. Then, one of our surety experts will call and email you with the firm quote and an agreement to sign. When you provide payment and your signed agreement, then you will receive your bond!

How to Get Your California Contractor s License Surety Bond

1. Complete an online application. It’s free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your California Contractor s License Surety Bond! If you have any questions, please call us at 877-654-2327. GET BONDED NOW

HOW TO GET BONDED

1. Apply Online Using our Free Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days GET STARTED


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