Update: This increase is now in effect. Since January 1, 2023, the California Contractor License Bond and the Bond of Qualifying Individual have both been $25,000 (SB 607). LLC licenses also need a separate $100,000 LLC Employee/Worker Bond. Effective January 1, 2023, the Contractors State License Board of California (CSLB) will increase a contractor license
Contractor License Bonds Increase January 1, 2023 Read More »
The California Contractors State License Board (CSLB) requires all licensed contractors or license applicants to obtain a license bond, or bond equivalent, as a condition for being licensed. As outlined in section 7071.6 of the California Business & Professions Code, the bond is for the benefit of a contractor’s customers if they are financially harmed
California Contractor Bonds: What They Are, Why You Need Them and How to Get a Quote Read More »
In our opinion, as Construction Insurance Advisors, and members of The California Building Industry Association and the National Association of Remodelers, getting Online Quotes for insurance can make sense for Life Insurance or Auto Insurance. However, contractors that hop online and generate their own General Liability quotes, without a consultation from a licensed Business Insurance
Should Contractors Purchase General Liability Insurance from NEXT? Read More »
