July 1, 2016 cbstemp

What does the contractors license bond cover?

The contractor’s bond is for the benefit of the following:

Any homeowner contracting for home improvement upon the homeowner’s personal family residence damaged as a result of a violation Contractors License Law.

Any person damaged as a result of a willful and deliberate violation of California Contractors License Law by the licensee, or by the fraud of the licensee in the execution or performance of a construction contract.

Any employee of the licensee who has been damaged by the licensee’s failure to pay wages.