BONDS
Coverage Amount:
$100,000
Cost:
$100.00
Period:
1–3 years
The California LLC Employee/Worker Bond is a $100,000 surety bond required for contractor limited liability companies licensed by the California Contractors State License Board (CSLB). It helps ensure payment of wages, fringe benefits, and other obligations owed to employees of the LLC.
This bond is separate from the standard contractor license bond and any qualifier bond that may be required. The surety may pay valid claims up to the bond amount if the LLC fails to meet covered obligations, and the LLC remains responsible for reimbursement to the surety.
Required for: Contractor LLC license holders in California
Amount: $100,000
Obligee: California Contractors State License Board
Filing: Surety files electronically with CSLB
Must be kept active to maintain license compliance
What is a surety bond and how does it work?
A surety bond is a three-party agreement among the principal (you), the obligee (the government agency), and the surety (bond company). It guarantees you will follow laws and regulations. If a valid claim is paid, the surety seeks reimbursement from the principal. A bond protects the public—not the licensee.
Who requires the bond and who sets the bond amount?
How long is the bond term and how do renewals work?
How is the bond filed with the agency?