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Contractors Bond Form 13b 1

Contractors Bond Form 13b 1

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Instructions and help about cslb form 13b 1

what's up my fellow contractors is Lewis here from CSL P and today we're going to discuss the license bond which is also known as the contractor's bond now when people come to the school and they're asking information on how to obtain the contractor's license I get this question all the time the contract is that they're working for is telling them don't get the license because the insurance is too expensive I'm paying fifteen thousand dollars in insurance alone which is not true what they are referring to is known as the contractor's bond or also the license bond so what is it first and foremost in order to activate your contractor license you do have to purchase this bond it's known as the contractor's bond or the license bond it has to cover you $15,000 as of 2019 now does that mean you have to have $15,000 in the bank of course not normally this bond is anywhere from a hundred and twenty to a hundred and eighty dollars once a year depending on your credit now I can easily say this

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