The California Contractor LLC Employee Surety Bond is required by the California Contractors State License Board of any LLC wishing to obtain a contractor’s license in the state.
All contractors in California must be licensed by the California Contractors License Board. Up until 2011, a Limited Liability Company (LLC) could not obtain a contractors license in California. With the passage of Senate Bill 392, an LLC can be a licensed contractor in the State if it meets certain additional requirements. One of these requirements is a $100,000 California Contractor LLC Employee Surety Bond. This bond in addition to the $15,000 contractor’s license bond required of all contractors in the state.
What does the Contractor LLC Employee Surety Bond cover?
The Contractor LLC Employee Surety Bond is, for all intents and purposes, a wage and welfare bond. The bond is “for the benefit of any employee or worker damaged by the LLC’s failure to pay wages, interest on wages, or fringe benefits, as well as other contributions”. The contractor is responsible for making these payments. The bond does not insure the contractor against missing payments or offer protection to the contractor for hours claimed. If the surety pays a claim, it will seek reimbursement from the principal (contractor).
How to obtain this surety bond
At Surety1.com, we make it easy to obtain your California Contractor LLC Employee Surety Bond. Our 3 step process is:
- Complete our easy to navigate and secure online application.1
- Review the free, no obligation quote from one of our surety bond professional agents.
- Sign some paperwork and make payment
Once these steps have been completed, the California Contractor LLC Employee Surety Bond will be shipped to the applicant.
1 – The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003. We also maintain an A+ rating from the Better Business Bureau.
View our Performance and Payment Bond / Contractor Bonding Page