California Contractor’s License Bond Amount to Increase to $15,000

Effective January 1, 2016, the Contractors State License Board will be increasing the Contractor’s license Bond amount from $12,500 to $15,000 as per Senate Bill 467.

Expect to receive notices from your bonding companies regarding the increase in rate.

The details of the Senate Bill 467 can be seen here: Sec. 9 of SB 467

 

 

 

One thought on “California Contractor’s License Bond Amount to Increase to $15,000

  1. Yes! We’ve noticed many carriers have issued additional premium invoices for the increase from $12,500 to $15,000. It is important to pay these otherwise carriers have been prorating the renewal date of the bond accordingly.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>