California Contractor’s Bond of Qualifying Individual (13B-2)

California Contractor’s Bond of Qualifying Individual (13B-2)

South Coast Surety will get you quickly bonded and back out to work. We specialize in contractor bonding and will get you a free quote for your Bond of Qualifying Individual in 24-48 hours. The bond amount for a BQI is $12,500, but you will pay a small fraction of that as premium. Read the FAQ’s below or go straight to the secure online form and begin the easy application process.

The Bond of Qualifying Individual is in place to ensure the licensed individual will follow California Contractors' License Law.
This bond is required under 2 circumstances:
1. If the license is qualified by the Responsible Managing Employee (RME).
2. If the license is qualified by a Responsible Managing Officer (RMO) who owns less than 10% of the corporation's voting stock.
The bond premium varies, depending on credit. With strong credit, the premium can be as low as 1% to 3% of the $12,500 bond amount. For non-standard credit, the premium can be 9% of the bond amount or higher.
To get a free quote for the Bond of Qualifying Individual, follow these steps:
1. Gather your license number or application fee number.
2. Complete the online application below and submit. OR download & complete the PDF application {LINK} and email to apps@southcoastsurety.com or fax to 949.361.9926