Contractor Bonds in California
CSLB license bonds, qualifying individual bonds, and bid, performance and payment bonds. Independent, veteran-owned agency in Temecula.
Call 650-489-2592.
A Bond Is Not Insurance
This trips up most contractors, so it is worth saying plainly. Insurance protects you. A bond protects the person you are working for, or the state. If the surety pays a claim on your bond, the surety comes back to you for the money.
That is why bonds are underwritten on your credit and your financials rather than on the job.
License Bonds
Contractor License Bond
Required by the Contractors State License Board to hold an active California license. Filed directly with CSLB in the amount the board sets.
Qualifying Individual Bond
Required when an RMO or RME qualifies the license and does not own the required share of the company.
LLC Employee Worker Bond
Required of contractors licensed as an LLC, in addition to the license bond.
Disciplinary Bond
Required when CSLB reinstates a license following a disciplinary action.
Project Bonds
Bid Bond
Guarantees that if you win the bid, you will enter the contract at the price you bid.
Performance Bond
Guarantees the project will be completed according to the contract.
Payment Bond
Guarantees your subcontractors and suppliers get paid. On public works these are commonly required together with the performance bond.
What Underwriting Looks At
Personal credit, business financials, how long you have been in the trade, and your track record on similar work. License bonds are usually quick. Performance and payment bonds on larger contracts take more documentation, so start the conversation before the bid is due, not after.
If Your Credit Is Not Perfect
It is still worth asking. There are markets that write license bonds for contractors with credit problems, at a higher rate. Being declined once does not mean being declined everywhere.
Licensed, Independent and Veteran Owned
Always Faithful Insurance Agency. California Property and Casualty Broker License #4476212. National Producer Number 21686200. Licensed in California and additional states.
Owned and operated by a United States Marine Corps veteran and California Disabled Veteran Business Enterprise.
Get a Bond Quote
Tell us which bond you need, your license number if you have one, and the project details if it is a contract bond. Call 650-489-2592 or email semperfiowner@gmail.com. Temecula, California. Monday to Saturday, 8AM to 5PM.
Bond descriptions on this page are general. Requirements are set by CSLB, the obligee or the contract, and the bond form issued governs.