When you purchase a contractor license bond in California, you will sign an indemnity agreement as part of the bonding process. If you are in the process of getting a license or just beginning to research license bonds, understanding the indemnity agreement is crucial. When you sign the agreement, you are signing a legally binding contract that could cost you in the event of a claim.
What is a Contractor License Bond Indemnity Agreement?
When you sign an indemnity agreement, you are agreeing to repay a surety company if they have ...