Business and professional license bonds

City of Los Angeles, CA Oil Well Bond. 4%, $100 min.

The City of Los Angeles, CA Oil Well Bond costs 4% of the bond amount a year with BLDAssure. The licensing agency usually requires this bond before it issues or renews the license. It protects the public if the business doesn't follow the law.

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  • A-rated surety carriers
  • Issued through Propeller Bonds
  • See your price before you pay
Your price

4% of the bond amount

Minimum premium$100
Bond amount
From $4004% × $10,000 = $400
Start the application

The starting rate. An underwriter reviews your application and you see the final price before you pay.

Price checked on Propeller Bonds' rate sheet, Oct 17, 2026.

How it works

Three steps to your bond.

  1. 01Apply onlineAnswer a few questions about your business. It takes a few minutes.
  2. 02See your pricePropeller Bonds, our surety partner, reviews your application. You see the final price before you pay.
  3. 03File itSign the bond and file it with the agency that asked for it. We help with the filing.
About this bond

What the City of Los Angeles, CA Oil Well Bond is for

The licensing agency usually requires this bond before it issues or renews the license. It protects the public if the business doesn't follow the law.

The bond amount is set by the agency, utility or fund that asks for it. If the bond holder doesn't meet their obligations, a valid claim is paid up to that amount, and the bond holder repays the surety.

What the price depends on

The starting rate. An underwriter reviews your application and you see the final price before you pay.

FAQs

Common questions.

How much does the City of Los Angeles, CA Oil Well Bond cost?

4% of the bond amount, with a $100 minimum. The agency that asks for the bond sets the amount; use the calculator above to see your price. The starting rate. An underwriter reviews your application and you see the final price before you pay.

Do I pay the full bond amount?

No. You pay the premium shown above. The bond amount is the most the surety would pay on a valid claim, and you'd repay the surety for any claim it pays.

Is there a credit check?

The surety reviews your application before it issues the bond. You see the final price before you pay.

How fast is it issued?

As soon as the surety has reviewed your application and you've paid. You see the final price before you pay.

Who issues the bond?

Propeller Bonds, our surety partner, issues it with A-rated carriers. BLDAssure handles your application and service.

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Get your City of Los Angeles, CA Oil Well Bond today.

4%, $100 min. Apply online in a few minutes.

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Your price 4% of the bond amountApply now

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