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  • California Contractors Bond Form 13b 1

Get California Contractors Bond Form 13b 1

OR APP. FEE NO. (BUSINESS AND PROFESSIONS CODE SECTIONS 7071.5-7071.11) BOND NO. The premium on this bond is $ for the term . KNOW ALL MEN BY THESE PRESENTS: That BUSINESS NAME SHOWN.

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How to fill out the California Contractors Bond Form 13b 1 online

Filling out the California Contractors Bond Form 13b 1 online can be straightforward when you have clear guidance. This form is essential for contractors operating in California, ensuring compliance and protection under the law.

Follow the steps to complete the California Contractors Bond Form 13b 1

  1. Press the 'Get Form' button to access the form and open it in the editor.
  2. Enter the surety code in the designated field, ensuring accuracy as this code identifies the surety company associated with your bond.
  3. Fill in your contractor's license number or application fee number as appropriate. This information helps to link the bond with your contractor's status.
  4. Provide the bond number in the required field. This number is unique to your bond and serves as a reference for surety claims.
  5. Indicate the premium amount for this bond along with the term duration in the specified fields. Be sure to verify these amounts as they are crucial for bond terms.
  6. Enter the full business name as shown on your application or license. This ensures that the bond is correctly associated with your business entity.
  7. Complete the address for service, including street, city, state, and zip code. Correct address information is vital for legal notifications.
  8. Provide the name of the surety company, which must be a corporation authorized to conduct general surety business in California.
  9. Sign the document under penalty of perjury. Include your name as the attorney-in-fact, alongside the date and location of execution.
  10. Finally, review all provided information for accuracy. Once complete, save your changes, and choose to download, print, or share the form as needed.

Complete your California Contractors Bond Form 13b 1 online today to ensure your compliance and protection.

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Contractors commonly use a surety bond (referred to as a “contractor license bond”) where a surety company promises the State of California that it will pay damages if the contractor violates contractors' state license law.

Five simple steps to enforce your claim against a contractor's license bond Search for the surety company's registered name that provided the bond. ... Verify the relevant dates. ... Sending a notice of intent. ... Sending a written statement of claim. ... File a lawsuit against the contractor and the surety company.

While all licensed California contractors are required to carry a $25,000 contractor license bond, certain contractor licenses may require a $12,500 Bond of Qualifying Individual, a $100,000 LLC Employee/Worker Bond, or a Disciplinary Bond depending on their license status.

You can check the license status online or call (800) 321-CSLB (2752). REMEMBER Most licensed contractors are competent, honest, hardworking and financially responsible.

Requirements for the Contractor's Bond: The bond must be in the amount of $25,000. The business name and license number on the bond must correspond exactly with the business name and license number on the CSLB's records. The bond must have the signature of the attorney-in-fact for the surety company.

A surety bond is a three-party agreement between a surety, a contractor, and an owner. The surety, (typically an insurance company) promises to satisfy the contractor's obligations if the contractor fails to perform in ance with the construction contract.

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