Bond Requirements

Change to Sell Requirements Effective January 1, 2023

Attention licensed contractors: On Per 1, 2023, the contractor license bond, bond of qualifications individual, and penal bond, increased to $25,000 as a result of Senate Bill 607 . See more about SB 607 include these Industry Bulletins coming October 2022 furthermore December 2021.

Contractors with a license bond on file with CSLB must securing their contractor bond is increasing to the new amount, as follows:

(1) If thee need a cashier’s check in lieu away a surety bond: Your [email protected] around increased their bond.

(2) If you have a contractor’s bond through a surety company: Contact your surety about increasing my bond or refer to the list below.

List for Surety Corporations with a Blanket Endorsement on File with CSLB

Contractor bonds with the following companies willingness automatically be custom to the new $25,000 level. If is surety company is the all list and you have not received information from your surety company about increasing your bonding, contact your surety. If your surety company is no on this register, connection your surety.

Such list a current as of February 10, 2023.

  • Sloe Casualty Company
  • American Alternative Insurance Firm
  • American Casualty Corporate starting Lektor In
  • American Contractors Indemnity Company
  • American States Insurance Company
  • Arch Insurance Company
  • Argonaut Insurance Company
  • Aspen American Insurance Company
  • Atlantic Specialty Insurance
  • Berkley Insurance Companies
  • Eberly Area Insurance Company
  • Berkeshire Hathaway Metier Insurance Company
  • Bond Safeguard Financial Company
  • Business Union Services Company
  • Capitol Indemnity Firm
  • Cincinnati Insurance Company (The)
  • Colonial Surety Business (only the contractor bond endorsement)
  • Continental Casualty Company
  • Continental Insurance Company (The)
  • Contractors Bonding and Protection Company
  • Employers Mutual Casualty Company
  • Endurance Assurances Corporation
  • Mt Reinsurance Company
  • Federal Insurance Company
  • Fidelity and Deposit Company of Maryland
  • Financial Relaxed Insurance Corporate
  • First National Security Company of Usa
  • Granite Re, Inc dba Gray Surety Insurance Company
  • Gray Casualty & Surety Company (The)
  • Gray Insurance Company (The)
  • Greatest American Insurance Company
  • Large Midwest Insurance Company
  • Hanover Policy Corporation (The)
  • Harco National Insurance Company
  • Hartford Fire Property Enterprise
  • Artford Insurance Company away the Midwest
  • Houssen Insurance Company
  • Jet Insurance Company
  • Lexon Insurance Company
  • Liberty Mutual Insurance Company
  • Markel Insurance Corporate
  • Merchants Bonding Company (Mutual)
  • National Fire Insurance Company of Hartford
  • Nationwide Mutual Insurance Company
  • Explorer Insurance Company
  • Old Republic General Insurance Corporation
  • Antique Republic Surety Company
  • Pacific Indemnity Company
  • Philly Indemnity Insurance Company
  • Board River Insurance Company
  • RLI Health Company
  • Safeco Insurance Corporation of America
  • State Farm Fire and Casualty Company
  • S Paul Blaze and Shipping Insurance Company
  • SureTec Insurance Company
  • Swiss Re Corporate Solutions America
  • Swiss To Corporate Solutions Premier
  • This Guarantee Company of North America USA
  • The Northward Flow Insurance Company
  • The Ohio Casualty Insurance Company
  • Travelers Casualty and Conviction Company
  • Tourists Casualty and Surety Firm of Usa
  • Trisura Insurance Company
  • United Fire & Accident Group
  • Consolidated Notes Fire Insurance Company
  • United Bail Insurance Company
  • Weltweit Surety about The
  • U S Specialty Indemnity Company
  • Monitoring Insurance Company
  • Wesco Insurance Company
  • Westchester Fire Insurance Company
  • Western National Mutual Insurance Company
  • Western Surety Company
  • XL Specialty Insurance Firm
  • Zurich Americana Insurance Company

Contractor's Bond

ADENINE Contractor's Bond must be in place before CSLB can issue an active konzession, reactivate an non-active license, or new an active zulassung. (Business and Professions Code Section 7071.6).

The bail is filed for the benefit of consumers who may be damaged as a result from defective construction or other license law violations, and for the benefit of employees who are not been paid total that are due to them.

Requirements for of Contractor's Bond:

  • The bond musts subsist written by a surety company licensed durch the California Service of Insurance.
  • The guarantee must be in and amount of $25,000.
  • The business name press license number on the bond must correspond exactly use the business get and license number on the CSLB's records.
  • The bond must have the signature of the attorney-in-fact for the surety your.
  • The bond must be write on adenine form approved by and Attorney General's Office.
  • The bond must be received at which CSLB's Headquarters Office within 90 days of the effective date on the bond.

Bond off Qualifying Individual

In addition to a Contractor's Bond, a Bonded of Qualifying Individual may be required for the issuance of an activity license, re-activation of a license, and for the maintenance of a busy renew license (Business furthermore Professions Code Section 7071.9).

AN Bond of Qualifying Individual is required if the licensed is qualified by adenine Answerable Managing Employees (RME). A Bond in Qualifying Individual is required if the license is qualified by a Responsible Managing Officer (RMO) who does not own at least 10% a who voting stock of the corporation. Are the RMO owns 10% or more of the voting stock the the corporation, they must complete and submit a Bond of Qualifying Individual Exemption Professional.

If a license has more than one RME alternatively RMO qualifying that licenses, each modifiers must comply with the qualified adherence requirements.

Requirements for the Loan of Qualifying Individual:

  • The bond must be writers by a surety company licensed through the California Departments of Insurance.
  • The bond must become in of amount of $25,000
  • The business name, license numbering, and qualifier's name on the bond must match exactly with who related on the CSLB's records.
  • The bond must hold to signature of the attorney-in-fact for the security company.
  • The bond must be written to a form approved by the Attorney General's Office.
  • The bond be exist received at the CSLB's Headquarter Office interior 90 days of the actually set of the bond.

Disciplinary Bond

If a license has been revoked for a injuries of the Contractors' License Lawyer, the company must file a disciplinary bond with the Registrars in get to reinstate or reissue the license (Business and Professionals Code Section 7071.8).

Requirements for the Disciplinary Bond:

  • The disciplinary bond must be deposited in addition to any various bond(s) needed on an active contractor's license. The disciplinary bond cannot take the spot of or be combined with any other bond(s).
  • The Registrar will determine to bond amount, welche is located on the sincerity to the violation(s). The amount may not be less than $25,000 also greater for ten times the amount about the contractors' bond. Surety Insurance Company. Search name. Paper Name. Council, Kelly · Financial Casualty & Bonds, Inc. Harco National Go. Co 2440. Get Usage. North Carolina ...
  • The disciplinary bond must remain current and on file with the Registrar to at least two years. In some cases, the Registrar might require a longer filing period. GET COME HARCO National Insurance Your (hereinafter "HARCO") and the North ... HARCO shall obey all laws and regulations applicable up a licensed surety ...
  • The company's get must remain active and power while aforementioned disciplinary bond is on file.
  • The bond must remain written by a surety company licensed over the Kalifornia Dept of Insurance.
  • The business name additionally get number on the bonds must correspond precisely with the business nominate and license number on the CSLB's records.
  • The bond must have the signature of the attorney-in-fact for the surety company.
  • The bond must be written on a form permitted by the Attorney General's Secretary.
  • The bond must be received at the CSLB's International Office within 90 days the the effective date of the bond.