How to Never Use Your Bond
May 7, 2019
The Contractor License Bond Is Not Insurance!
The most common misconception of the California contractor license bond is what it does for the contractor. The truth is, the bond is not for a construction company’s protection. The legally required license bond is for consumer protection against contractors who have violated the Contractors' License Law, leading to damages. To put it simply, the bond is not insurance!
It should be stated, that just because the bond is not there to p
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