This $100,000 bond is required by the Contractors State License Board to protect employees if the LLC does not pay their wages or benefits. The bond is only required for LLCs in California: the LLC is also required to have an additional $12,500 Contractor’s License Surety Bond. The premium on this bond is typically as low as 2%. Good credit and financial disclosure is usually required to secure this type of bond.
To Attain a California Contractor LLC Employee Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.