If you are engaged as a licensed Swimming Pool Contractor in the State of California, the California Department of Consumer Affairs State License Board (CSLB) requires that contractors execute a California Contractors Bond in the amount of $25,000 to ensure compliance with Sections 7071.6 and 7071.8 of the California Business and Professions Code.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Swimming Pool Contractor License Bond holds you accountable for your business decisions.
By possessing a California Swimming Pool Contractor License Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.