California Pest Control Company Registration Bond
Know why this bond matters to your business and how to get one fast!
What is a California Pest Control Company Registration Bond?
It is a financial security required of any pest control company who is applying for a registration to the Registrar of the Structural Pest Control Board of the Department of Consumer Affairs of the State of California.
As a security tool, this bond will benefit any person who has entered into a contract with the pest control company. If the pest control company fails to provide the client the services that the company is legally required to provide, the said client can be indemnified through a bond claim.
In addition, the pest control company will be required to comply with all the provisions of Division 3, Chapter 14 of the Business and Professions Code of the State of California.
This bond requirement is specifically mandated by Section 8697 of the said Code.
How much does a California Pest Control Company Registration Bond cost?
The bond premium will depend on the pest control company’s credit score. Those who have excellent credit scores will be eligible to pay as low as 1% of the bond amount. The percentage will be higher for those who have low credit scores.
The bond amount is $12,500.
For those who had their licenses suspended or revoked, the Registrar of the Structural Pest Control Board of the Department of Consumer Affairs of the State of California will require an additional surety bond in the amount of not less than $1,000, but not more than $25,000.
How can I get a California Pest Control Company Registration Bond?
APPLY FOR THIS SURETY BOND – We begin the bonding process with an application. You may send your application for this bond HERE!
UNDERWRITING – Once we have received your application, an underwriter will ask you to submit the following important requirements:
- Proof of your financial capability
- Your business’ history
- Your credit score
In order to avoid any delay, make sure that your requirements are complete prior to submitting them.
ISSUANCE – As soon as the underwriter has completed the necessary in-depth check, we will immediately issue the surety bond and send it to you!
How does a California Pest Control Company Registration Bond work?
This bond will provide a path of recourse for the obligee (People of the State of California) in the event that the principal fails to perform the services required by law. The obligee can be any person to whom the obligation is owed. The party who must fulfill the obligation is the principal. The principal is the pest control company. The surety is the party who will provide a financial back up to the principal. When a bond claim is made, it is the duty of the surety to settle the claim once its validity has been determined. The principal must indemnify the surety once the claim has been paid.
Ready to apply? START HERE!