California Car Wash Bond is now $150,000
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December 31, 2013 California Car Wash Bond is now $150,000

California Assembly Bill No. 1387 was signed into law October 11 2013, and poses a financial security requirement for Car Wash establishments in the state of California. This bill would place the employer’s bond requirement amount at $150,000, but would exempt an employer from that requirement if the employer has a collective bargaining agreement in place that meets specified criteria. The bond is payable to the people of the State of California and shall be for the benefit of any employee damaged by his or her employer’s failure to pay wages, interest on wages, or fringe benefits.
Integrity Surety has the best markets for this obligation. Download the application here.

California Car Wash Bond is now $150,000

California Car Wash Bond is now $150,000