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.
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.
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 no legal right to enforce contracts they establish with customers. How Much Work Can […]
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 several years, while those with poor or marginal credit generally are not offered bond terms […]
AMERICAN CONTRACTORS INDEMNITY COMPANY (HCC Surety Group) 601 S FIGUEROA STREET SUITE 1600 LOS ANGELES, CA 90017-5721 Phone: (310) 649-0990 Website: http://www.hcc.com/surety AM Best Rating: “A+” 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 […]
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 prior to engaging in any marketing activities. Otherwise, contractors could find themselves in the doghouse […]
A contractor’s surety bond is a three party contract between a principle (the contractor who must procure a bond), an obligee (the entity that requires the bond such as a government agency, supplier or project owner) and the surety providing the bond. The bond guarantees the contractor will act in accordance with contractual stipulations or […]
Social media has captured the marketing world’s interest in recent times as a method to connect and engage potential customers in ways previously unattainable just a few years ago. While many social media platforms have come and gone over the years, none has grown more explosively than Pinterest.
Establishing trust is essential to successfully marketing any construction business and for many potential customers, the first impression they’ll have of a prospective contractor is through their website. As the saying goes, you never get a second chance to make a first impression and with this in mind, there are several elements that are universally […]
Rapidly escalating California contractor license bond rates are a hot topic as of late and for good reason. Many contractors have seen their license bond renewals increase from around 1% of the bond premium to well over 10% in some instances. While premium changes of this magnitude may come as a surprise to unsuspecting contractors, there […]