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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.

Testimonials

I received multiple quotes, JM surety was the lowest so I had my dealer bond issued by them. It took about 3 hours since I applied online until I received the ...
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Mark P
I received multiple quotes, JM surety was the lowest so I had my dealer bond issued by them. It took about 3 hours since I applied online until I received the surety bond in my email. Very responsive and great custom are service. I will definitely used them again should I need it.
Mark P
Mark P
I was needing an auto dealer bond, my auto insurance agent recommended JM Surety. I sent an application online and received a quote in 1 hour. JM Surety quote came at $250 ...
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Sumit ira Patel
I was needing an auto dealer bond, my auto insurance agent recommended JM Surety. I sent an application online and received a quote in 1 hour. JM Surety quote came at $250 when other companies quote was over $600. Needless to say I accepted JM Surety quote and received my surety bond in the email 20 minutes after paying. What else I can say, fastest service ever received. Their online process is top notch. Highly recommended.
Sumit ira Patel
Sumit ira Patel
I can’t tell you how easy it was to purchase my dealer bond through this company.Was a little hesitant at first, never have purchased such an important document ...
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A CH
I can’t tell you how easy it was to purchase my dealer bond through this company.Was a little hesitant at first, never have purchased such an important document via online.Excellent service and response to my immediate need was very professional.Thank you Ms Jill!
A CH
A CH
Needed a Construction Bond for the City, Jill came Through Very Quickly for us BCS Extremely Happy with her Service. Great Work!
Mike Cantu
Needed a Construction Bond for the City, Jill came Through Very Quickly for us BCS Extremely Happy with her Service. Great Work!
Mike Cantu
Mike Cantu