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Contractors License Bond

What is a Contractor License Bond?

Contractor license bonds are a type of surety bond purchased by various contractors. They serve to ensure ethical business practice as well as compliance when it comes to building codes as well as other rules and regulations established by various government agencies.

This type of bond is commonly required as part of a license or permit commonly granted by the local city, county, state, or even federal government. Bonding, along with insurance coverage, is how construction company contractors ensure that they protect their customers.

Almost every state in the country requires specific contractors to post these bonds in order to obtain permits and licenses. This is true for both commercial and residential contractors in various construction trades including:

  • Home Improvement
  • Drywall
  • Electrical
  • HVAC
  • Plumbing
  • Roofing, and more.

Contractor license bonds are often required on both the state and the local municipal levels. In addition, cities and counties may require additional permit bonds when it comes to sewer work or roadwork.

What is the cost of a Contractor License Bond?

Typically, the State Contractor’s Board will determine the amount of the bond at the time of approval. Bonds can vary in amount starting as low as $1,000 and going as high as $500,000 depending on the type of license as well as the monetary limit, experience, and character of the applicant.

What if I have bad credit?

JM Surety offers competitive rates to any applicants with a credit profile that doesn’t qualify for the preferred rate. This allows you to still get your contractor license bond despite an undesirable credit rating.

When will I receive my bond?

Many license bonds can be issued instantly. Speak with one of our professionals at (972) 848-0820 for more information about getting and receiving your bond.

Why should I choose JM Surety?

JM Surety goes above and beyond to consistently offer some of the lowest rates available. Customer satisfaction is our main priority, and we don’t charge any broker fees.
Image of a blue stamp that reads 'Bonded' across the center with the words 'Licensed' and 'Insured' around it, featuring JM Surety and highlighting the Contractors License Bond section, ensuring it aligns with the page's context.

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