Contractor Bonds are required by many States and government entities to obtain a licensed contractor to be bonded before they can issue or renew his/her contractor license bond. Contractor’s license bonds are also known as surety bonds or performance bonds. They are issued to protect the rights and interests of the Clients for the contract. The bonds state that the contractor must satisfactorily complete the work or will compensate the client monetarily.
The client can legally sue the contractor if the contract is not completed as per her specifications. At the time of signing the contract, both parties mutually agree on the task to be completed, the budget and the time to completion. Contractor’s license bonds are usually used in the real estate and construction industries.
Surety Companies, Banks and financial institutions stand as third-party guarantees to these bonds. The premium on these bonds are a percentage value of the penal sum of the bond amount.
Apply for a Contractor License Bond
Get a free no obligation quote online, most quotes are processed the same day
Why Bond with Us
- Affordable rates, No Hidden Fees
- Experience, in business since 1988
- Great Service
- Fast approvals and same day service
- Free price quotes, with an obligation to buy
- Friendly staff
Get free contractor license bond quote by applying online or call our agents to any question on how to obtain a contractor license bond.