California legislators argue that if the limits of contractor license bond amounts are not adjusted, consumers' ability to recover from a potential loss substantially diminishes. As a result, last September's Senate Bill 607 increased the bond limit to ensure that contractors have sufficient financial backing to complete a job. (Credit: Vitalii Vodolazskyi/Adobe Stock) California legislators argue that if the limits of contractor license bond amounts are not adjusted, consumers' ability to recover from a potential loss substantially diminishes. As a result, last September's Senate Bill 607 increased the bond limit to ensure contractors have sufficient financial backing to complete a job. (Credit: Vitalii Vodolazskyi/Adobe Stock)

All California licensed contractors — including plumbing, electrical and artisan contractors — must have a license bond with the California Contractors State License Board. And while the purpose of a contractor bond hasn't changed, the limits and costs have.

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