The $100,000 LLC bond is in place to protect the employees or workers of an LLC business. If your company fails to pay wages, fringe benefits, or other financial contributions required by the Business and Professions Code §7071.6.5 then an employee can incur financial damages as a result. As an employer, please keep this in mind because if a justified claim is made, you will be held financially accountable.
In order to receive an LLC license, the California Business and Professions code §7071.6.5 requires the company purchase this $100,000 surety bond.
The premium for this bond is based on the company's business financial information and the managing member's credit and personal financial information. With strong financials, the premium can be as low as $1,000 per year.
To get a free quote for the Employee/Worker LLC bond, follow these steps:
1. Gather your license number or application fee number.
2. Complete the online application and submit. You may also request a PDF application via email to firstname.lastname@example.org
3. Email your business & personal financials to our email@example.com email and include the business name you applied with in the subject line.
Other names for this surety bond: Contractor LLC Employee Wage Bond, CA LLC Wage Bond, CSLB LLC Bond, CLB LLC Bond
Need A CA Contractor LLC $100,000 License Bond?
We represent a number of surety companies that have the lowest surety filed rates in the country for contractor license bonds for individuals and companies with strong credit and financial strength. South Coast Surety also has exclusive in-house authority for quoting the new $100,000 LLC license bonds to all business and credit profiles. Absolutely the best rates for qualified applicants and the best solutions for applicants with credit issues.
Call us with your questions at: 800-361-1720
...or get started right away by completing an online application now.
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KG C. - CA
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Udo G. - NJ
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.