Supplemental – Contractors License Bond Amount is Going Up – Part 2

Contractors License Bond Amount is Going Up - Part 2

CONTRACTORS LICENSE BOND
AMOUNT IS GOING UP - PART 2
By Kenneth S. Grossbart
Abdulaziz, Grossbart & Rudman
Earlier this year, we sent out an article informing readers that the license bond that contractors are required to obtain is increasing from $12,500 to $15,000. We are just a few weeks away from the effective date of the increase.

Our office has just learned that the following surety companies now have blanket endorsements on file with the CSLB that will cover the increased bond with their clients.
  • Amco Insurance Company
  • American Casualty Company of Reading, Pennsylvania
  • American Contractors Indemnity Company
  • American States Insurance Company
  • Argonaut Insurance Company
  • Atlantic Specialty Insurance Company
  • Berkley Insurance Company
  • Bond Safeguard Insurance Company
  • Business Alliance Insurance Company
  • Capitol Indemnity Corporation
  • Colonial American Casualty and Surety Company
  • Continental Casualty Company
  • Continental Insurance Company
  • Contractors Bonding and Insurance Company
  • Developers Surety and Indemnity Company
  • Employers Mutual Casualty Company
  • Fidelity and Deposit Company of Maryland
  • Financial Pacific Insurance Company
  • First National Insurance Company of America
  • General Insurance Company of American
  • Great American Insurance Company
  • Hanover Insurance Company
  • Hartford Fire Insurance Company
  • Hudson Insurance Company
  • Indemnity Company of California
  • International Fidelity Insurance Company
  • Ironshore Indemnity, Inc.
  • Lexon Insurance Company
  • Liberty Mutual Insurance Company
  • Medmarc Casualty Insurance Company
  • Merchants Bonding Company of Hartford
  • Nationwide Mutual Insurance Company
  • Navigators Insurance Company
  • North American Specialty Insurance Company
  • Old Republic Surety Company
  • Philadelphia Indemnity Insurance Company
  • Platte River Insurance Company
  • RLI Insurance Company
  • Safeco Insurance Company of America
  • Sentry Select Insurance Company
  • St. Paul Fire and Marine Insurance Company
  • SureTec Indemnity Company
  • SureTec Insurance Company
  • The Guarantee Company of North America USA
  • The Ohio Casualty Insurance Company
  • Travelers Casualty and Surety Company
  • Travelers Casualty and Surety Company of America
  • U.S. Specialty Insurance Company
  • United Fire & Casualty Company
  • United States Fidelity and Guaranty Company
  • Wesco Insurance Company
  • Westchester Fire Insurance Company
  • Western National Mutual Insurance Company
  • Western Surety Company
If you would like further information on this subject matter please contact the CSLB's website to see the most current list of surety companies with blanket endorsements in place. The direct link is

Kenneth Grossbart is recognized as one of the foremost authorities in California construction law. Over the past 35 years, Ken has become a respected speaker on Mechanic's Liens and other construction related issues. Abdulaziz, Grossbart & Rudman provides this information as a service to its friends & clients and it does not establish an attorney-client relationship with the reader. This document is of a general nature and is not a substitute for legal advice. Since laws change frequently, contact an attorney before using this information. Ken Grossbart can be reached at Abdulaziz, Grossbart & Rudman (818) 760-2000 or by E-Mail at ksg@agrlaw.com or at www.agrlaw.com

 

Download Ken's full CV/bio here.
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