Does a California contractor license bond replace a project bond or insurance?
Not by itself. CSLB requires a contractor license bond for California licensing and says it applies to projects the licensee agrees to perform. It separately describes contract bonds for job completion and payment. Both are surety bonds, separate from insurance; check the actual contract for the bond it accepts.
Before bidding, ask the project owner or obligee which bond form and obligation it expects, then check insurance clauses separately against the contractor’s policy documents.3,5,1
Read the Construction Insurance Buying Guide
Sources and Further Reading for Construction
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