1 (800) 308-4358
Mon-Fri 7am-7pm CST
  1. 1. Choose A State
  2. 2. Choose A Bond
  3. 3. Enter Your Contact Info
  4. 4. Receive Your Free Quote

Contractor Bond

A Guide to Contractor Bonding

SuretyBonds.com is legally licensed to issue contractor license bonds in every state. Whether you work construction in California, Oregon, Florida or Washington, we can bond you!

This page is a guide to contractor license bonds. For information on surety bonds issued for contracted construction projects, click here.

The more construction professionals know about surety bond insurance, the better prepared they'll be to buy or renew their contractor bonds. So, to help you along your way, our expert surety specialists have developed this guide to contractor bonding.

Bond Information by State

Contractor license bond costs and requirements often vary by state. Select your state below for more information about contractor bonds in your area, or give us a call at 1 (800) 308-4358.

NH VT RI NJ DE MD DC MA CT HI AK FL ME NY PA VA WV OH IN IL WI NC TN AR MO GA SC KY AL LA MS IA MN OK TX NM KS NE SD ND WY MT CO UT AZ NV OR ID CA MI

Or, choose your state from the list below:

Pay a Low Rate for Your Contractor License Bond

Applicants with good credit typically pay a rate that's 1-5% of the bond amount, which could mean just $100 for a standard $10,000 contractor license bond. The experts at SuretyBonds.com are brokers who work with a number of different underwriting markets, so they can shop your bond to find you the lowest rate available. Apply now to get a free price quote with no obligation!

Get Contractor Bonding With Bad Credit!

The recent downturn in the construction industry left some contractors in financial ruin. Rest assured knowing that SuretyBonds.com offers a special Bad Credit Bonding Program that allows us to approve 99% of applicants, no matter their credit history. When working with SuretyBonds.com, qualified contractors can even choose our financing option to break down their premium into smaller, more manageable payments. Don’t let a low credit score keep you from getting the contractor bonding you need. Apply today!

Get a Contractor Bond Quickly & Easily

Unlike other surety providers that complicate the process, SuretyBonds.com provides quick, easy and accurate contractor bonding services. We can issue any contractor license bond, even if an applicant is unsure of their state's bonding requirements. Construction professionals who are ready to begin the contractor license bonding process can contact one of our many surety specialists in one of two ways:

You’ll receive a surety bond quote within 1 business day of your application, and your bond will be issued once your payment is processed. You'll receive a copy of your bond immediately via email, and you'll receive the original bond form in the mail via your preferred shipping method.

Learn More About Contractor Bonding

As a specific type of surety bond, each contractor license bond that’s issued functions as a legally enforceable contract that binds together three separate parties.

  1. The construction professional that buys the contractor license bond acts as the principal.
  2. The state agency that requires the contractor to be bonded acts as the obligee.
  3. The company that issues the bond and guarantees the contractor's obligation acts as the surety.

If a contractor fails to fulfill the bond's terms, then the obligee can make a claim on the contractor bond as a way to gain compensation for any damages. However, the surety will not simply absorb the loss. Whereas underwriters of traditional insurance policies assume that there will be a loss, surety underwriters consider the policies they write to have no risk. In the event that a claim is made against the bond, the contractor is expected to reimburse the surety for any money it pays when settling the claim. Known as an "indemnification clause," this language is typically included in the bond's legal language to ensure the surety doesn't lose money.

Who is Protected by a Contractor Bond?

Construction professionals sometimes misunderstand the purpose of contractor license bonds by assuming the coverage protects themselves. However, surety bond insurance differs from a traditional insurance policy in the fact that this type of surety bond actually protects the general public by guaranteeing that construction professionals will adhere to whatever stipulations are found within the bond's legal language. By purchasing contractor license bonds, construction professionals agree to work according to certain regulations, thus protecting government agencies and consumers from potential financial loss.