A California LLC Employee/Worker bond is a $100,00 surety bond required to protect the workers from any issues concerning pay and benefits. This bond is also required because of a lack of case law that deals with limited liability companies. This bond is required in addition to the $15,000 contractor’s license bond.
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The cost for LLC Employee/Worker bonds is based on the applicant's credit score. Those with a good credit score can expect to pay 2% or less of the total bond amount. The bond amount for this bond has been set at $100,000.
In the State of California the California Business and Professionals code requires this bond if you seek to receive a license. (Section 707.6.5)
CSLB or Contractors State License Board.
The LLC Employee/Worker bond does renew annually.
Contact The ProSure Group. As surety bond experts in business since 1993, The ProSure Group has issued numerous bonds of this type and has partnerships with more than 30 different surety companies. This ensures that we get you the best, most competitive pricing and terms available in the marketplace. You just need to complete our simple application and one of our specialists will quickly contact you.
|License||California LLC Employee/Worker Bond||California Contractors State License Board