What is a California Contractor License Bond?
A California contractor license bond is required of all contractors who want to obtain, renew, reinstate or reactivate their license in the state of California. The surety bond is meant to protect consumers against harm caused by defective workmanship performed by the licensed contractor. Additionally, the surety bond offers protection for employees of the licensed contractor who have not been paid the money due to them for their work.
How do I apply for a California Contractor License Surety Bond?
- Complete our online California Contractor License Surety Bond application, or
- Download and complete our printable California Contractor License Surety Bond application, and
- Receive your surety bond quote in minutes!
What California Contractor License Bond amount do I need?
The California contractor license bond amount changed in January of 2016 to $15,000. The required bond amount prior to January 1st, 2016 was $12,500 and is still the bond amount needed for the Qualifying Individual Surety Bond.
How much will my California Contractor License Bond cost?
Your California contractor license bond cost will be determined by your personal credit score and the number of years you prepay for the surety bond. The annual premium for your bond begins at $100 and can be even lower for those who wish to purchase a bond for a multi-year term. Contractors with bad credit can expect a higher price. The higher price is triggered by the greater amount of risk the surety company assumes since the surety bond may also cover non-payment of wages.
Can I get a a California Contractor License Bond if I have bad credit?
Yes, you can still get a contractor license bond if you have bad credit. As mentioned above, the premium charged by the surety company will increase as your credit score decreases.
How fast can I get my California Contractor License Bond?
In most cases, our contractor license bonds are issued the same day they’re approved! The application process takes less than a few minutes and we also have the ability to overnight your surety bond for next day delivery. Additionally, we’ll email a copy of your surety bond to you once it’s been processed so you have all of the information you need to submit to the state.
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