Car Wash Bond

The Car wash surety bond has  increased to $150,000 Beginning January 1st  2014

car wash rangeBeginning on January 1st 2014 California  individuals and businesses  who own or operate a car washing and or polishing business will have to post a $150,000 California  car wash surety Bond.

This is an increase from the previous bond required amount of $15,000.

Businesses and individuals  operating a car wash must submit their new surety bond to the California Division of labor standards enforcement in order to stay in compliance with the  laws of the state and industry.  For More information  please contact  The state agency  Below :

California DLSE Licensing and Registration office

P.O. Box 420603

San Francisco CA 94142

 In addition to raising the bond requirement CA AB1387  does the following

*Increases the employers bond requirement amount to $150,000 but exempts an employer from that requirement if the employer has a collective bargaining agreement in place that meets specified criteria

*Deletes the repeal date of the provisions described above, thus extending those provisions indefinitely

The rate for this Bond varies  with credit score

Credit score of 700-  will pay 1-3% or between $1500-$4500

Credit score  of 600 –will pay  2-5%  or  between $3000- $7500

Credit score below  600 or challenging credit  falls under our non-standard rates, but we can still help you.  Call us to obtain a quote today!

We also have payment plan options for all of our bonds,  ask us about the financing option 


Application for


Current or expiring quote we are looking to beat:


Name of previous surety company writing to the bond:


Section I: Bond Applied for

Type of Bond

Effective Date

Expiration Date


Type of Company

CORP

LLC

DBA

Partnership

Bond Amount


(Obligee)


Obligee Address


Section II: General Information

Applicant's Name

Spouse Name


SS#

Spouse SS#

Home Phone


Residence Address

City

State

Zip


Status of Residency

Own

Rent

At Current Address Since


Date of Birth

Spouse Date of Birth

Business License Number


Business Name


Business Phone

Business Fax

Business Email


Business Address

City

State

Zip


Date Business BEGAN Under Present Individual or Firm Name

Business Tax ID


Has any company refused to issue bonds for any purpose?

Yes

No

Do you have any liens, claims or judgements against you?

Yes

No


Has applicant ever failed in business?

Yes

No

Has applicant filed bankruptcy in the last 10 years?

Yes

No


If yes, Chapter 7?

Yes

No

Chapter 11?

Yes

No

Chapter 13?

Yes

No


Date Filed for Bankruptcy?


Date of Discharge?


If yes to any, please explain:


Section III: Additional Parties

Name

Spouse Name


SS#

Spouse SS#

Home Phone


Home Address

City

State

Zip


Personal Financials

(if more than one owner, each has to fill out this app)

Statement of assets and liabilities as of


Assets Liabilities
Cash in Bank Notes Payable to Banks
Cash on Hand Notes to Others(excl. of equipment)
Stocks and Bonds Accounts Payable
Accounts Receivable Federal and State Income Tax Due
Notes Receivable All Other Taxes
Inventory Accruals, Payrolls, Etc.
Cash Value Life Insurance    
Equipment Due on Equipment
Real Estate Due on Real Estate
Other Assets Other Liabilities
    Surplus and Undivided Profits
    Capital Stock(if a corporation)
       
Total Assets Total Liabilities

Net Worth


Name of Owners

Name and Title of Officers

% of Ownership


Are you an insurance agent?

Yes

No

Agent License #

Agent State

Completion of this form constitutes permission for Cal Society Insurance Services to obtain customer information which will be used to determine bonding eligibility. This information will be held in the strictest confidence.