Surety Bond Increase and Construction Industry Outlook [Hybrid BenderU]

516 Gibson Drive,Roseville CA 95678

08 December, 2022

Description

Effective 1/1/2023, the California State Licensing Board is increasing their bond amount requirements to $25,000 for both the Contractor’s License Bond (formerly $15,000) and their Bond of Qualifying Individual (formerly $12,500). Join us as we discuss the upcoming changes to your bonds and other bills affecting the construction industry. We look forward to seeing you! During this hybrid session, you'll learn... What the bond increase means for their companyHow the increase will impact bond claimsLegislative updates to workers compensation requirements and other billsThe Bender differenceAn outlook on the construction industry based on legislative and other changesPresented by: Curtis Bowden, Surety and Commercial Lines Risk Advisor Bender Insurance Solutions