One of the more common requests we get is from contractors contacting our office looking for “cheap contractor bonds” or “cheap bond companies.” It’s a request we can relate to because when it comes to making any purchase in life whether large or small, price is always an important consideration. Bond premiums can fluctuate greatly […]
Have you been told you need to complete contractors bond form 13b-1 by the CSLB but aren’t sure what it is? Lets back up and start with the basics. As most California contractors know, they are required to have an active $15,000 license bond on file with the registrars of the Contractors State License Board […]
Every month, hundreds of California contractors will have their license suspended by the Contractors State License Board as a result of not having an active contractors license bond (or bond alternative) on file as required by the CSLB, making it illegal for a contractor to operate until the situation is remedied. While this situation can […]
As part of our surety spotlight series, we will be profiling surety’s that commonly write or have written contractors license bonds in California to help contractors have a better understanding of the surety’s they do business with. Today’s spotlight is Contractors Bonding & Insurance Company (CBIC). Contractors Bonding & Insurance Company was founded in […]
The $100,000 LLC bond is required for all contractors in California with a business entity registered as an LLC (Limited Liability Company). In 2010, Senate Bill 392 authorized the Contractors State License Board to issue licenses to LLC’s, which were not obtainable prior to this time.
Congratulations on your journey to becoming a licensed contractor in California! If you’re reading this, there’s a good chance you’ve reached the point in the licensing process where you’ve been assigned your application fee number by the Contractors State License Board and have received a letter indicating you need to show proof of bonding. What’s […]
One of the most common questions contractors have regarding their bond is how to contact the surety that wrote their bond for claims, billing or other purposes.
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 carefully 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 […]
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 in California following the collapse of the housing industry just a few years ago, Suretec […]
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.