California Sabbatical Leave Salary Bond Guide
If you’re a teacher taking sabbatical leave in California, you’ll likely need this surety bond.
Bond Overview
- Purpose: To reimburse schools/districts if a teacher doesn’t return to work after a paid sabbatical
- Who Needs It: Teachers taking sabbatical leave
- Regulating Body: The educational institution employing the teacher
- Required Coverage: $1,000–$100,000
- Premium Rate: 1–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a California Sabbatical Leave Salary Bond?
A California sabbatical leave salary bond protects the school district when a teacher takes sabbatical leave.
Under state law, teachers must render at least two more years of continuous service after taking a paid sabbatical. The surety bond can be used to reimburse the educational institution for paid wages if a teacher does not return after a sabbatical.
How Much Do Sabbatical Leave Salary Bonds Cost?
California sabbatical leave salary bonds cost a small percentage of the coverage amount, typically 1–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a California sabbatical leave salary bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the employer as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a California Sabbatical Leave Salary Bond Work?
A sabbatical leave salary bond creates a legal contract between these three parties:
- Principal: You, the academic employee filing the bond
- Obligee: The employer requiring the bond
- Surety: The provider issuing the bond
If you don’t fulfill your work obligations after sabbatical, the obligee can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
