This will be a new process for many customers as security other than a surety bond will no longer be accepted. At Surety1 we have made the process of obtaining the bond fast and easy and we will provide a quote within one business day.
Sacramento, CA (PRWEB) November 12, 2013
On September 6, 2013, the Governor of California signed into law Senate bill 662. This bill raises the amount of the surety bond, needed to maintain the license or company registration for pest control companies from $4,000 to $12,500. The bill also raises the upper limits of the amount of the surety bond needed for an issuance, re-issuance, or restoration of the license or company registration, after a suspension or revocation, from $8,000 to $25,000. Surety1 has added an application for the revised bond amount to its online application portal and can provide fast service at great rates.*
January 1st, 2014, the California Structural Pest Control Board will be requiring registered companies to maintain a bond of $12,500 and the bill waives the ability of an applicant to post a certificate of deposit in lieu of a bond. Christine Boscacci, Vice President at Surety1 says, “This will be a new process for many customers as security other than a surety bond will no longer be accepted. At Surety1, we have made the process of obtaining the bond fast and easy and we will provide a quote within one business day.”
Currently registered companies that do not meet the new requirements will have until July 1st, 2014 to become compliant and submit proof of such coverage to the Structural Pest Control Board. This also applies to those currently using a certificate of deposit to satisfy the old requirement. Companies that already meet the new minimum requirements do not need to submit anything to the Board.
Surety Solutions Insurance Services, Inc. is an independent insurance agency based in Rancho Cordova, California and licensed in all fifty states. Surety Solutions Insurance Services, Inc. specializes in the placement of surety bonds and other specialty insurance products.
For more information on obtaining a California pest control surety bond, contact Surety Solutions through its website, http://www.surety1.com, by calling toll-free, 877-654-2327, or by emailing info(at)surety1(dot)com.
*Subject to underwriting approval
Surety Bonds for Pest Control firms within 24 hrs from Surety1