California Contractor Qualifying Individual Bond
If you're a California business entity getting a contractor license, you may need to purchase a special type of bond called a Qualifying Individual bond. This is for the Responsible Managing Officer or Employee and it may or may not be required. Learn about this bond and how you can purchase it for less.
- 00:18 - What is a responsible managing officer and/or employee?
- 00:32 - When does a responsible managing officer need to get bonded?
- 00:45 - When does a responsible managing employee need to get bonded?
- 00:55 - The bond for Qualifying Individual amount
- 01:05 - How is the bond for Qualifying Individual price determined?
- 01:22 - The 3 factors that determine the price at a high level
- 01:42 - How to save money buying a bond for Qualifying Individual
- 02:06 - Bond for Qualifying Individual price examples
- 02:35 - How to purchase the bond for Qualifying Individual
- 03:00 - Renewing your bond for Qualifying Individual
- 03:34 - Get pricing and get the bonding process done
If you're getting your contractor license at the same time, it might help to reference these articles:
Steps on Getting a California Contractor's License
Become a licensed contractor in the state of California with the help of Surety Bonds Direct. Read this guide for step-by-step info on how to go about getting licensed the right way!
8 Steps To Get Your California C-10 Electrician Contractor License
We've distilled the steps to go from electrical trainee to fully C-10 licensed electrician contractor. Follow these 8 steps and bring clarity to the process.
What is a Contractor License Bond?
Getting your contractor license & need to purchase a surety bond. But what is a surety bond? Find out in this video and how to buy it for very little.
Learn what it means to be a bonded contractor along with the different types of contractor bonds. There are a lot to you'll have through your career.
California Contractor License Bond Amount Is Going Up... When And Why?
On January 1st, 2023, the California contractors license bond is increasing from $15,000 to $25,00. Here's what you need to know and do to be ready.
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