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Contractor License Bond - BQI

Bond amount is $12,500. This quote applies to the qualifying individual, responsible managing employee or responsible managing officer for all contracting classifications. Credit check required. Bond guarantees compliance with license standards.

Bond of Qualifying Individual

In addition to a Contractor's Bond, a Bond of Qualifying Individual may be required for the issuance of an active license, reactivation of a license, and for the maintanance of an actively renewed license (Business and Professions Code Section 7071.9).

A Bond of Qualifying Individual is required if the license is qualified by a Responsible Managing Employee (RME). A Bond of Qualifying Individual is required if the license is qualified by a Responsible Managing Officer (RMO) who does not own at least 10% of the voting stock of the corporation. If the RMO owns 10% or more of the voting stock of the corporation, they must complete and submit a Bond of Qualifying Individual Exemption Certification.

If a license has more than one RME or RMO qualifying the license, each qualifier must comply with the qualifier bonding requirements.

 

Requirements for the Bond of Qualifying Individual:

  • The bond must be written by a surety company licensed through the California Department of Insurance.
  • The bond must be in the amount of $12,500.
  • The business name, license number, and qualifier's name on the bond must correspond exactly with the information on the CSLB's records.
  • The bond must have the signature of the attorney-in-fact for the surety company.
  • The bond must be written on a form approved by the Attorney General's Office.
  • The bond must be received at the CSLB's Headquarters Office within 90 days of the effective date of the bond.

 


Bond Premium: Varies




 
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