Supplemental – Contractors License Bond Amount is Going Up – Part 2
Contractors License Bond Amount is Going Up - Part 2
CONTRACTORS LICENSE BOND
AMOUNT IS GOING UP - PART 2
By Kenneth S. Grossbart
Abdulaziz, Grossbart & Rudman
Earlier this year, we sent out an article informing readers that the license bond that contractors are required to obtain is increasing from $12,500 to $15,000. We are just a few weeks away from the effective date of the increase.
Our office has just learned that the following surety companies now have blanket endorsements on file with the CSLB that will cover the increased bond with their clients.
Amco Insurance Company
American Casualty Company of Reading, Pennsylvania
American Contractors Indemnity Company
American States Insurance Company
Argonaut Insurance Company
Atlantic Specialty Insurance Company
Berkley Insurance Company
Bond Safeguard Insurance Company
Business Alliance Insurance Company
Capitol Indemnity Corporation
Colonial American Casualty and Surety Company
Continental Casualty Company
Continental Insurance Company
Contractors Bonding and Insurance Company
Developers Surety and Indemnity Company
Employers Mutual Casualty Company
Fidelity and Deposit Company of Maryland
Financial Pacific Insurance Company
First National Insurance Company of America
General Insurance Company of American
Great American Insurance Company
Hanover Insurance Company
Hartford Fire Insurance Company
Hudson Insurance Company
Indemnity Company of California
International Fidelity Insurance Company
Ironshore Indemnity, Inc.
Lexon Insurance Company
Liberty Mutual Insurance Company
Medmarc Casualty Insurance Company
Merchants Bonding Company of Hartford
Nationwide Mutual Insurance Company
Navigators Insurance Company
North American Specialty Insurance Company
Old Republic Surety Company
Philadelphia Indemnity Insurance Company
Platte River Insurance Company
RLI Insurance Company
Safeco Insurance Company of America
Sentry Select Insurance Company
St. Paul Fire and Marine Insurance Company
SureTec Indemnity Company
SureTec Insurance Company
The Guarantee Company of North America USA
The Ohio Casualty Insurance Company
Travelers Casualty and Surety Company
Travelers Casualty and Surety Company of America
U.S. Specialty Insurance Company
United Fire & Casualty Company
United States Fidelity and Guaranty Company
Wesco Insurance Company
Westchester Fire Insurance Company
Western National Mutual Insurance Company
Western Surety Company
If you would like further information on this subject matter please contact the CSLB's website to see the most current list of surety companies with blanket endorsements in place. The direct link is
Kenneth Grossbart is recognized as one of the foremost authorities in California construction law. Over the past 35 years, Ken has become a respected speaker on Mechanic's Liens and other construction related issues. Abdulaziz, Grossbart & Rudman provides this information as a service to its friends & clients and it does not establish an attorney-client relationship with the reader. This document is of a general nature and is not a substitute for legal advice. Since laws change frequently, contact an attorney before using this information. Ken Grossbart can be reached at Abdulaziz, Grossbart & Rudman (818) 760-2000 or by E-Mail at ksg@agrlaw.com or at www.agrlaw.com