For Construction Pros

California Legislation Revises the License Bond Requirement for Contractors

A California bill which was passed in late September has introduced changes to the financial security requirements for contractors in the state. Under the new bill, contractors will not be allowed to ...
For Construction Pros

California to Examine the Amount of Surety Bond for Contractor's License

Contractors who wish to operate in California need to go through a licensing procedure with the Contractors’ State License Board. This process entails providing a $15,000 surety bond. A recent ...
Business Insider

Surety One, Inc. Rolls Out California Contractor License Bond Portal

SAN JUAN, Puerto Rico, Feb. 24, 2020 /PRNewswire/ -- If you are a contractor in the State of California, you must file a $15,000 surety bond with the contractor's state license board. Typically, ...
Mena FN

Insurance Expert Colleen Mchugh Of Redding Explains Surety Bonds 101 For California Contractors In Hellonation Feature

EINPresswire/ -- What role do surety bonds play in the daily operations of licensed contractors in California? That question is answered in a HelloNation article featuring Colleen McHugh of Nor Cal ...
KTLA

California raises dollar limit for home projects that do not require licensed contractors

(FOX40.COM) — California will raise the amount of money that can be charged for home improvement projects by a person without a contractor’s license starting in 2025. According to the California ...
JD Supra

California Court Sends Solar Contractor’s Bond Claims to Arbitration

A California federal court ruled last week that a surety can enforce an arbitration clause in a contract to which it is not a party. The dispute involves performance and payment bond claims brought by ...