California Garment Industry Bond |
AmeriPro Surety Bonds | 844-589-9732
California Garment Business Registration
Garment business in California are licensed and regulated by the state’s Department of Industrial Relations.
As a condition of licensing, your business may be required to obtain a surety bond as a prerequisite for business registration. No preset set amount is offered on the state website.
Qualifying and the Premium
Applicants for the California garment industry bond will need to:
- Provide our agency with the amount of surety bond required;
- Complete a short surety bond application. We’ll begin much of this with you over the phone, but you’ll need to both sign and complete the application;
- Undergo a review by an underwriter. This review will include a credit inquiry.
To be approved through our agency, good credit is required.
The approval rate offered is 2%, annually, with a minimum $100 premium.
Upon approval of garment industry bond and payment of the premium, our agency issues your bond to you immediately.
It is the original surety bond documents that you’ll file with the Department. Our agency will send you a surety bond, along with a Power of Attorney, and a notarized jurat form by us as Surety.
You’ll sign your original bond as Principal and file it to the following address:
State of California
Department of Industrial Relations
P.O. Box 420603
San Francisco, CA 94102
Premium Prepayment Options
The premium for your garment industry surety bond renews annually. Candidates for this bond have the option to prepay the premium up to 3 years, which offers a savings over annual renewals.
This option works best for those businesses which know that the amount of the bond requirement will remain the same from one year to the next.
Purpose Of Your Surety Bond Requirement
Your garment industry surety bond, while it may be required of your business, is for the benefit of your employees.
More specifically, this bond is a financial guarantee that your employees will be paid the earned wages and benefits due to them; and that damages will be compensated to employees, if applicable, according to California Labor Code Section 2675(3), as amended.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and probate surety bonds in all 50 states and Washington D.C.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you.