Effective January 1, 2023, the CA Contractors State License Board (CSLB) will increase the bond amounts for both the Contractors Bond (currently $15,000) and the Bond of Qualifying Individual (currently $12,500) to $25,000 each.
This will trigger an increase in premiums. The bond companies will automatically increase your bond amounts with the CSLB, and mail out invoices for the premium increase. The premium increase amount will depend on your current rate with the bond company so the amount will vary per contractor.
Check with your current bonding agent for any questions on the premium increase.
If you’d like to get a bond quote from us, please call us at (800) 580-8129 or submit an inquiry on our website here.