No. This does not affect your general liability insurance.
Does this bond increase apply to Public Works bonds?
No, the rquired bond increase bill does not apply to Public Works bonds.
Why are the minimum bond amounts increasing?
House Bill 2922 increased all minimum bond amounts required for contractors and other individuals licensed by the Oregon CCB by $5,000. You can review the new law here:
HB2922 (oregonlegislature.gov)
|
Endorsement Type |
Original Bond Amount (prior to 12/31/2023) |
New Bond Amount (beginning 1/1/2024) |
| Residential General Contractor |
$20,000 |
$25,000 |
|
Residential Specialty Contractor |
$15,000 |
$20,000 |
| Residential Limited Contractor |
$10,000 |
$15,000 |
| Residential Developer |
$20,000 |
$25,000 |
|
Residential Locksmith |
$10,000 |
$15,000 |
| Home Inspector |
$10,000 |
$15,000 |
| Home Services Contractor |
$10,000 |
$15,000 |
| Home Energy Performance Score Contractor |
$10,000 |
$15,000 |
|
Residential Restoration Contractor |
$10,000 |
$15,000 |
|
Commercial General Contractor Level 1 |
$75,000 |
$80,000 |
|
Commercial Specialty Contractor Level 1 |
$50,000 |
$55,000 |
|
Commercial General Contractor Level 2 |
$20,000 |
$25,000 |
|
Commercial Specialty Contractor Level 2 |
$20,000 |
$25,000 |
|
Commercial Developer |
$20,000 |
$25,000 |
Have questions for CCB? You may reach us at:
Licensing Call Center: 503-378-4621
Email: ccb.info@ccb.oregon.gov
Preguntas frecuentes sobre el aumento del monto de las fianzas contractuales
Los requisitos de las fianzas contractuales para las entidades con licencia de CCB aumentará el 1 de enero de 2024. A continuación, le proporcionamos lo que necesita saber.
¿Por qué está aumentando el monto mínimo de las fianzas contractuales?
El monto de las fianzas contractuales fue aumentado por la Legislatura de Oregón de 2023 – Proyecto de Ley 2922 de la Cámara (enlace al proyecto de ley:
HB2922 (oregonlegislature.gov)
¿Cuánto estará aumentando el monto mínimo de las fianzas contractuales?
El monto de las fianzas contractuales aumentará en $5,000 por cada tipo de endoso de CCB. Una tabla al final de estas preguntas frecuentes muestra los nuevos requisitos de las fianzas contractuales para cada endoso.
¿Cómo cumplo con el aumento del monto de las fianzas contractuales?
Muchos contratistas no necesitarán tomar ninguna medida para cumplir con los requisitos. CCB se ha comunicado con las compañías de fianzas contractuales para informarles sobre el cambio. Muchas compañías de fianzas contractuales han indicado que planifican actualizar el monto de las fianzas contractuales para sus clientes de manera automática y es probable que notifiquen a los contratistas por separado.
Algunos contratistas tendrán que tomar medidas para aumentar el monto de las fianzas contractuales si su compañía de fianzas contractuales no actualiza el monto de manera automática. Manténgase atento a las comunicaciones de su compañía de fianzas contractuales y si no recibe ninguna información sobre el aumento, por favor comuníquese directamente con su compañía de fianzas contractuales.
Las siguientes compañías de garantía han presentado un formulario Blanket Rider para aumentar automáticamente el bono registrado con Orgon CCB:
- American Alternative Insurance Corporation (Munich Reinsurance America)
- American Contractors Indemnity Company
- American Modern Homes Insurance Company (Munich Reinsurance America)
- American State Insurance Company
- Arch Insurance Company
- Argonaut Insurance Company
- Atlantic Specialty Insurance Company
- Berkley Insurance Company
- Berkshire Hathaway Specialty Insurance Company
- Capitol Indemnity Corporation
- Cincinnati Casualty Company
- Cincinnati Insurance Company
- Colonial American Casualty & Surety Company
- Continental Casualty Company
- Continental Insurance Company
- Contractors Bonding and Insurance Company
- Employers Mutual Casualty Company
- Endurance Assurance Corporation (Sompo International)
- Everest Reinsurance Company
- Evergreen National Indemnity Company
- Federal Insurance Company
- Federated Mutual Insurance Company
- Federated Rural Electric Insurance Exchange (Umatilla Electric Cooperative)
- Fidelity & Deposit Company of Maryland
- Financial Pacific Insurance Company
- First National Insurance Company
- Granite Re, Inc
- Great American Insurance Company
- Guarantee Company of North America USA
- Hanover Insurance Company
- Harco National Insurance Company (IAT Insurance Group)
- Hartford Accident & Indemnity Company
- Hartford Casualty Insurance Company
- Hartford Fire Insurance Company
- Hudson Insurance Company
| - International Fidelity Insurance Company
- Jet Insurance Company
- Lexon Insurance Company (Sompo International)
- Liberty Mutual Insurance Company
- Markel Insurance Company
- Merchants Bonding Company
- National Indemnity Company
- Nationwide Mutual Insurance Company
- NGM Insurance Company
- North River Insurance Company (Crum & Forster)
- Ohio Casualty Insurance Company
- Ohio Farmers Insurance Company
- Old Republic Surety Company (OR Surety)
- Pacific Indemnity Company
- Philadelphia Indemnity Insurance Company
- Platte River Insurance Company
- RLI Insurance Company
- Safeco Insurance Company of America
- Suretec Insurance Company
- Swiss Re Corporate Solutions America Insurance Corporation
- Swiss Re Corporate Solutions Premier Insurance Corporation
- Travelers Casualty & Surety Company of America
- Trisura Insurance Company
- U.S. Specialty
- United Casualty & Surety Insurance Company
- United Fire & Casualty Company
- Vigilant Insurance Company
- West Bend Mutual Insurance Company
- Westchester Fire Insurance Company
- Western National Assurance Company
- Western National Mutual Insurance Company
- Western Surety Company (CNA Surety)
- Westfield Insurance Company
- Westport Insurance Corporation
- XL Specialty Insurance Company
- Zurich American Insurance Company
|
Las siguientes compañías de garantía
no han proporcionarán una cláusula adicional general. Comuníquese directamente con su compañía de garantía para presentar una cláusula de aumento individual para seguir cumpliendo con su licencia CCB:
- Acadia Insurance Company
- Allied World Insurance Company
- American Bankers Insurance Company of Florida
- American Family Insurance Company
- American Safety Casualty Insurance Company
- American Southern Home Insurance Company
- Ascot Surety & Casualty Company
- Bankers Insurance Company
- Berkley Regional Insurance Company
- Berkshire Hathaway Homestate Insurance Company
- Century Insurance Company, Limited (The)
- Colonial Surety Company
- Developers Surety and Indemnity Company (AmTrust Surety)
- Fireman's Fund Insurance Company
- Frankenmuth Mutual Insurance Company
- Gray Insurance Company
- Great Midwest Insurance Company
- Hartford Insurance Company of the Midwest
- Insurance Company of the State of Pennsylvania
| - Lexington National Insurance Corporation
- National Farmers Union Property & Casualty Company
- National Union Fire Insurance Company of Pittsburgh
- Nationwide Insurance Company of America
- Nationwide Mutual Fire Insurance Company
- Navigators Insurance Company
- North American Specialty Insurance Company
- Ohio Farmers Insurance Company
- Old Republic General Insurance Corporation
- Security National Insurance Company
- Seneca Insurance Company, Inc.
- St. Paul Fire & Marine Insurance Company
- State Farm Fire & Casualty Company
- Swiss Re Corporate Solutions Elite Insurance Corporation
- Technology Insurance Company, Inc.
- The Gray Casualty & Surety Company
- Travelers Casualty & Surety Company
- Travelers Indemnity Company (The)
- Travelers Property Casualty Company of America
- United States Fire Insurance Company
|
¿Este aumento de bonos se aplica a los bonos de Obras Públicas?
No, el proyecto de ley de aumento de bonos requerido no se aplica a los bonos de Obras Públicas.
¿Cuándo ocurrirá el cambio?
El aumento entrará en vigor el
1 de enero de 2024.
Si mi compañía de fianzas contractuales no actualiza mi fianza contractual de manera automática, ¿cómo debo obtener el nuevo certificado de fianzas contractuales para CCB?
Los contratistas o compañías de fianzas contractuales pueden presentar una cláusula adicional de aumento individual para aumentar el monto de la fianza contractual de una fianza existente en el archivo de CCB. Estos se pueden enviar a través de fax, correo electrónico o a la dirección de la agencia.