A contractor’s license bond is a type of commercial surety bond required by the state of California for the benefit of a contractor’s customers or employees should they be financially damaged as a result of a contractor’s unlawful actions. Contractors in California must post $15,000 surety bonds. By posting a contractor’s bond, principals (contractors) pledge to comply with the provisions of Division 3, Chapter 9 of the Business and Professions Code. These bonds remain in full force and effect until canceled. The surety can cancel the bond in accordance with the provisions of Sections 996.310 of the Code of Civil Procedure
The applicant’s license or application number and classification(s) are required for underwriting.
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