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