California Contractors License Surety Bond - LLC Employee-Worker Bond
Contractors doing business in the State of California whose corporate structure is a Limited Liability Company (LLC) are required to post a $100,000.00 LLC Employee/Worker Surety Bond in addition to their $12,500.00 Contractors License Surety Bond.
California Contractors License Bond of Qualifying Individual License
California Contractors License Bond - General Contractors License
California Contractors License Bond - Pool Contractors License
California Contractors License Bond - Roofing Contractors License
What is a California (CA) LLC Employee/Worker Surety Bond
The LLC Employee/Worker Surety Bond is for the benefit of any employee or worker damaged by the LLC Contractor from unpaid wages, interest on wages or fringe benefits, as well as all other contributions due to the Employee or Worker.
All LLC licenses MUST be qualified by a Responsible Managing Employee (RME) or Responsible Managing Officer (RMO), which has its own Surety Bond Requirement.
California RMO/RME - General Contractors Bond
California RMO/RME - Pool Contractors Bond
California RMO/RME - Roofing Contractors Bond
How much does a California (CA) LLC Employee/Worker Surety Bond cost?
The base rate for this particular bond is $2000/year for qualifying accounts. Due to the nature of this particular bond, the underwriting guidelines require accounts to show financial strength and strong credit to support th risk. Accounts that do not meet the underwriting requirements or have credit issues can be placed in our Bad Credit Surety Bond program. Expect to provide business and personal financial statements after your application is submitted.
Get your California (CA) LLC Employee/Worker Surety Bond today!
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