Contractor's Bonds

What is a Contractor Bond?

In the state of California all licensed contractors must file a California contractor’s license bond or cash deposit with the Registrar in the amount of $12,500. California contractor’s bonds are a contract in which a surety company promises the State of California that a contractor will not commit any violation of California contractor license law that is grounds for disciplinary action against the license. If the contractor does not comply with the conditions of the law, a claim can be filed against his or her CA contractor’s bond with the surety company. Claims against a surety company may be filed by any persons damaged by willful and/or deliberate violation of a construction contract, including homeowners or contractor employees.

There are many types available.  Let us take the guess work out of getting the right insurance to fit your business needs.  Contact us for a free quote today!