The Best Contractor License Bonds California 2023. As of january 1st, 2023, the california contractors license board increased the license bond requirement from $15,000 to $25,000. Failure to maintain continuous bond coverage will result in the license being suspended.
It is the amount available for all the jobs a contractor takes on during the life of the bond. This helps you lock in the lowest rate and allows you to have to not worry about renewing every year and going. The business name and license number on the bond must correspond exactly with the business name and license number.
