What is a contractor’s surety bond?
In regards to contractors, a surety bond is essentially a promise made by a bond company to pay a claim made against a contractor for violating the terms of the Contractors State License Law (CSLL) up to the limits of the bond ($12,500). In contrast to insurance, a contractor is still liable for the amount paid by the bond company, and must repay the surety for the amount of the claim paid out.
Are online bonds available for California roofers (C-39) and pool contractors (C-53)?
If you hold a C-39 or a C-53 license, please complete our online quote form. Our instant issue bonds are currently only available for general construction contractor license bonds in California.
Can I get a California contractor bond with bad credit?
Yes. The Bond Stop has many affordable bond options available for almost any credit situation. Simply complete our online quote form above and one of our bond specialist will review the best options available depending on your circumstances.
Are payment plans available for contractor bonds?
Yes, financing is available on most contractor bonds.
Can I get a better contractor bond rate with a co-signer?
A co-signer can significantly reduce your annual bond premium if you have poor credit. Please contact us so we can review your particular situation.
Will you file my California contractor’s bond with the CSLB?
Yes, all bonds are electronically filed instantly with the Contractors State License Board. Simply purchase your bond and we take care of the rest.
How much is a $12,500 California contractor license bond?
Rates vary depending upon your credit situation. California contractor license bonds can start as low as $89 for one year. The Bond Stop offers competitive contractor bond rates in California for most types of credit profiles.
What are the license bond requirements for contractors in California?
All licensed contractors in the state of California are required to maintain a bond in the amount of $12,500 with the California Contractors License Board (CSLB) according to section 7071.6 of the Business and Professions code. Failure to maintain an active bond with the CSLB will result in a suspended contractor’s license. Also, it’s very important that the business name and license number on the bond correspond exactly with the business information on file with the contractor state license board.