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The Construction Connection - California Contractor News, Notes & Legislation

GetMyCLB California Contractor License Bonds

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If you’re like many contractors searching for an affordable license bond, you’re probably wondering what the new GETMYCLB bond program from Suretec is, as well as what their role is in providing license bonds for California contractors.  Hopefully this sheds some light on GETMYCLB and their place in the California contractor license bond marketplace.

 

The contractor’s license bond market has evolved dramatically over the past few years, resulting in better opportunities for contractors to obtain affordable license bond rates, even when faced with challenging credit issues.  The newest program to benefit contractors is the GETMYCLB program, an online portal that allows contractors to quote, issue and have their license bond filed online with the CSLB in just minutes.  GETMYCLB works with many of the top license bond agencies in the state, including ours, in delivering quality, affordable license bond products.  While the GETMYCLB program from Suretec is not the only surety bond provider we work with, we can honestly say we are proud to offer their product because they do a great job of meeting the ever changing needs of contractors operating in the 21st century.  The program operates under the GETMYCLB banner, but as mentioned, it’s owned and operated by SureTec, one of the 25 largest surety bond companies in the U.S.

 

Interested in getting a license bond quote?  Just enter your license bond information in the “Get Quote Now” form on the right side of this page.  GETMYCLB’s license bond program offers the following benefits and more:

 

Instant Quote & Issue Contractor License Bonds

 

Contractors looking for an expedited process will be glad to hear they can quote, purchase and file their license bond online in just minutes.  After purchasing a license bond, contractors can print their bond documents out immediately and a wallet ID card is typically mailed out within a few weeks.

 

Low License Bond Rates

 

Since its inception, GETMYCLB has offered affordable license bond rates for a broad spectrum of contractors and credit profiles.  While rates are based upon a variety of factors including credit, many contractors have reported a significant savings over their prior license bond surety.

 

GETMYCLB Bonds Are Underwritten By SureTec

 

All bonds offered through GETMYCLB are underwritten by SureTec, one of the largest and most financially stable sureties in the country.  Currently, all contractors except those with a roofer or pool license classification are eligible for instant online quotes.  Pool and roofing contractors should contact CaliforniaContractorBonds.com directly at 1-800-682-1552 for bond quotes.

 

Automatic Filing of Your License Bond with the CSLB

 

All license bonds purchased through the GETMYCLB program are electronically filed with the CSLB, so no further action is required by the contractor in regards to bond filing.  Please keep in mind that while license bonds are filed electronically, the CSLB is typically 3-7 days behind in updating their records, so delays may occur in your online profile being updated.

 

Affordable Payment Options Available For Many License Bonds

 

One of the best features of the GETMYCLB license bond program is their payment options available for bonds with a premium of around $500 per year and up.  While many sureties offer financing options through third party vendors that charge interest rates in excess of 20% in some instances, GETMYCLB offers reasonable payment plans with relatively low down payments.

 

By Jeremy Schaedler

Disclaimer

 

About the Author:

Shortly after graduating from the University of California, Los Angeles with a bachelors degree in economics, Jeremy founded Surety First Insurance Services (formerly Schaedler Insurance), a Northern California based insurance agency specializing in surety bonds for California construction professionals. Jeremy is happily married and the proud father of two young boys. In his free time, he enjoys camping, fishing and shooting the breeze with friends and family.

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