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Bond Legislation Updates October 14, 2015

Surety Bond Requirement for Oklahoma Employers Self-Insurance

The Oklahoma Workers’ Compensation Commission has regulations surrounding workers’ compensation benefits. These regulations create a program that allows employers to opt out of purchasing workers’ compensation insurance and instead meet requirements to qualify for an…


california contractors

Bond Legislation Updates October 13, 2015

California Contractors License Bond Increase

Effective January 1, 2016, California contractors will need to post a $15,000 surety bond. Previously the required bond amount was $12,500. Senate Bill 467, signed by Gov. Jerry Brown on October 8, also eliminates the…


driving school

Bond Legislation Updates October 8, 2015

Louisiana Private Driving School Bond Decrease

Private driving schools in Louisiana are now required to post a $20,000 surety bond, effective August 1, 2015. Previously the bond requirement in the state was $40,000. Introduced in the Louisiana Senate as HB 170, the…


Bond Legislation Updates October 7, 2015

Florida Revises Citrus Fruit Dealer Bond Coverage

In Florida, citrus fruit dealers are required to post a surety bond as part of their licensing agreement. Florida Administrative Code Rule 20-108.0041 was revised in regulations adopted in August 2015, exempting citrus fruit from coverage…


home care

Bond Legislation Updates October 5, 2015

California Introduces Home Care Employee Dishonesty Bond

Home care organizations in California will be required to post a $10,000 home care employee dishonesty bond effective January 1, 2016. Gov. Brown signed the Home Care Services Consumer Protection Act (HCSCPA) into law in October 2013,…


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What Does It Mean to be ‘Bonded’?

What Does It Mean to Be ‘Bonded’?

The phrase “licensed, bonded and insured” appears frequently in business advertising—but what does it mean?


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