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Contractor License Bond - LLC Employee-Worker Bond
Bond911 Specializes in BAD CREDIT Applicants!
Pay the Lowest Rate for your California Contractor LLC Employee/Worker Bond!
| Bond Amount | Cost | Term | Apply Now |
|---|---|---|---|
| $100,000 | Starting as low as $1,000* Starting at $1,500 for Credit Check Only - No Financial Requirement. | 1 Year Term | START APPLICATION |
*Based on credit, financials and underwriting. Bad credit options are available!
Fast Quote and Easy Processing!
Get your free, no obligation quote within 24 hours or less. Apply online today at www.bond911.com.
Bad Credit…No Problem!
Do not let bad credit stop you from getting your California Contractor LLC Employee/Worker Bond. Bond911 can help you find the approval regardless of low credit scores or other financial issues. We have exclusive underwriting programs established for all credit types and in-hose authority to find the best rate for your bonding needs. Bond911 can approve 99% of all applicants!
What is a California Contractor LLC Employee/Worker Bond?
California Contractor License Law requires contractor businesses organized as Limited Liability Corporations ("LLC") to maintain a surety bond in the amount of $100,000, called an "Contractor LLC Employee/Worker Bond". The bond is filed with the Contractor State License Board (CSLB) and benefits individuals employed or contracted by an LLC that are not properly compensated. The surety bond is a guarantee that the workers employed or contracted to work for an LLC will receive payment for unpaid compensation up to a limit of $100. In addition to wages, the bond covers interest on wages, fringe benefits, welfare fund contributions and apprentice program contributions. The Contractor LLC Employee/Worker Bond is required in addition to the $15,000 contractor license bond requirement for all contractors.
How to obtain your California Contractor LLC Employee/Worker Bond
The State of California has outlined a list of primary requirements for all LLC applicants. Below is a list of specific California state mandated requirements for an LLC license. Approval is based on several factors including personal credit of the LLC member(s), license history, license classification, personal financial reports of the LLC member(s) and business financial reports.
- $100,000 LLC California Contractor LLC Employee/Worker Bond in addition to the $15,000 standard contractors license bond
- $1 Million Liability Insurance Minimum (licensees with five or less personnel)
- Personnel of Record (must name all officers, member, responsible manager, or director
- Business Name Approval (refer to Secretary of State Link below)
State Links:
https://www.cslb.ca.gov/About_Us/LLC.aspx
https://www.sos.ca.gov/