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License Bond News, Notes & Legislation

What Is A Contractors License Bond Indemnity Agreement
September 29, 2013
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What Is A Contractors License Bond Indemnity Agreement?

Any contractor that has purchased a contractors license bond in California has signed an indemnity agreement as part of the bonding process, but how many have taken the time to read what it entails? While often misunderstood, a California contractors license bond indemnity agreement is essentially a legally binding contract whereby a contractor agrees to indemnify, or make whole, the surety writing their bond for expenses associated with settling a viable bond claim. Unlike liability insurance, contractors must repay their surety the amount of ....
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Recent Articles

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February 21, 2013
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Suretec California Contractor License Bonds

In just a few years, Suretec has emerged as one of the top providers of California contractor license bonds in the state by providing highly competitive rates and great service. While many surety’s have abandoned the contractors license bond arena …

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January 23, 2013
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How Does A New California Contractor Become Bonded?

For many aspiring contractors still navigating the licensing process, becoming bonded to satisfy CSLB guidelines can seem like a confusing process as its likely the first surety bond they’ve ever had to purchase. Fortunately, we’ve greatly simplified the license bonding …

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Who Benefits From A California Contractors License Bond Image
January 10, 2013
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Who Benefits From A California Contractors License Bond?

Many contractors will be surprised to learn that a California contractors license bond is not for their own benefit, rather, it’s to protect their customers and employees from a contractor’s harmful actions such as faulty workmanship or unpaid wages. While …

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What Are The Penalties For Contracting Without A License In California Image
December 16, 2012
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What Are The Penalties For Contracting Without A License In California?

Contractors entertaining the idea of illegally operating without a license in California should think twice as it’s perhaps the worst occupational decision one can make for several reasons. In addition to stiff criminal & financial penalties, unlicensed contractors also have …

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How Long Is A California Contractors License Bond Valid Image
November 30, 2012
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How Long Is A California Contractors License Bond Valid?

A contractor’s license bond can be valid for as little as one year or as many as five years depending on the surety. California contractors with good credit usually have an opportunity to purchase a license bond with a term of …

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American Contractors Indemnity Contractor Bonds Image
October 31, 2012
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American Contractors Indemnity Contractor Bonds

California contractors are perhaps more familiar with American Contractors Indemnity than any other surety in California when it comes to contractors license bonding and for good reason.  American Contractors Indemnity has underwritten more California contractor license bonds over the past …

Posted in: Blog
October 27, 2012
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CSLB Advertising Guidelines for California Contractors

The promotion of a contractors business should be a top priority for all California construction professionals looking to grow their enterprise.  However, to maintain compliance with Contractors State License Board regulations, contractors in California should become familiar with acceptable advertising guidelines …

Posted in: Blog
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