California has over 100 surety bond requirements in place for the construction industry, from the state-mandated $25,000 Contractor Bond to a diverse list of city and county permit bonds. Jet Insurance Company is the main direct surety provider of construction bonds in California. You can get your bond through our automated online application and pay an affordable monthly rate right away, letting you focus on the business of building in the Golden State.
Select from our bond offerings below or call the Jet team at 916-836-5330 for a quote today.
The California Contractors License Board requires all licensed contractors to hold a $25,000 contractor bond prior to and throughout their licensed tenure.
A bond of qualifying individual is required when a license qualifier (RMO,RME RMM) does not own at least 10% of the voting stock of a corporation but is used to qualify for the classification the business operates under.
All construction businesses with an entity filing of LLC must carry an employee/worker bond. This bond’s intended coverage is specifically for performed work including wages, fringe benefits, welfare fund contributions, and apprentice program contributions owed to the LLC’s employees.
When a contractor has a disciplinary action filed against them, whether by a state agency or arbitration court, the CSLB may require a disciplinary bond to be filed for a minimum of 2 years. The California Registrar decides the specific bond penalty sum on a case-by-case basis, depending on the severity of the violation.
The City of San Francisco requires a $25,000 street excavation bond when a licensed contractor is performing excavation work to provide utility service to an individual property.
The public works department of the City of Riverside requires a permit bond to guarantee completion of the grading in accordance with the approved plans or corrective measures to stabilize the site and eliminate hazardous conditions.
The City of Los Angeles requires the $34,800 drain connection bond to mitigate potential financial losses for the City of Los Angeles should a contractor fail to fulfill their contractual obligations, cause damages, or violate building codes or local building laws.
Construction in California can often mean the need for a permit bond in the city or county the work is being performed in. A city permit bond is a type of bond typically required as a condition for obtaining a permit for certain projects or encroaching upon city-owned property.
If you need help obtaining a city construction permit bond, call us at 916-836-5330 or apply online!