What happens if my surety company is on the blanket endorsement list?
If your surety company is on the list provided by CSLB, your bond will automatically be adjusted to the current $25,000 amount. However, you should still contact your surety to confirm the increase has been processed.
When do I need to file a contractor bond?
You must have a contractor's bond in place before CSLB can issue an active license, reactivate an inactive license, or renew an active license. The bond must be on file continuously while your license is active.
How quickly must my bond be filed with CSLB?
Your bond must be received at CSLB's Headquarters Office within 90 days of the effective date of the bond.
Can an RMO be exempt from the Bond of Qualifying Individual?
Yes, an RMO who owns at least 10% of the voting stock of the corporation is exempt from the Bond of Qualifying Individual requirement, but must complete and submit a Bond of Qualifying Individual Exemption Certification.
Where do I submit my California contractor bond?
All bonds must be received at the CSLB's Headquarters Office within 90 days of the effective date of the bond.
Does my bond replace liability insurance?
No, a contractor bond is not insurance for you. It's a guarantee that protects consumers and employees. You should also carry liability insurance to protect your business.
Who is protected by the contractor's bond?
The bond protects two groups: consumers who may be damaged by defective construction or other license law violations, and employees who have not been paid wages that are due to them.
What is a disciplinary bond and when is it required?
A disciplinary bond is required if your license has been revoked for violating the Contractors' License Law and you want to reinstate or reissue your license. The amount ranges from $25,000 to $250,000 depending on the severity of the violation and must remain on file for at least two years.
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