Alaska Contractor License Bond Guide
If you're applying for a contractor's license in Alaska, you may need to purchase a surety bond. Learn about the various bond types and bonding process in this guide.
Bond Overview
- Purpose: To guarantee contractors will follow state licensing laws and uphold contracts
- Who Needs It: Various types of contractors performing work in Alaska
- Regulating Body: The Alaska DCCED and municipal licensing authorities across the state
- Required Coverage: $5,000–$25,000 for statewide licensing, based on classification
- Premium Rates: Start at $75–$375, vary based on bond amount and credit score
What Is an Alaska Contractor License Bond?
In Alaska, there are statewide bond requirements for the following contractor license classifications:
- Residential contractors
- General contractors
- Specialty contractors
- Mechanical contractors
The state also requires land use performance bonds for certain construction projects.
All Alaska contractor license bonds create a financial guarantee that a contractor will comply with state licensing laws when working a job. This protects the state and the public from harm if a contractor is noncompliant with their license regulations or building codes.
How Much Do Alaska Contractor Bonds Cost?
Alaska contractor license bond costs start at $75–$375 per year but vary depending on the type of construction contractor work you perform:
- $5,000 handyman bond: $75 for all applicants
- $10,000 mechanical contractors bond: Starts at $100
- $10,000 specialty contractors bond: Starts at $100
- $20,000 general residential contractors bond: Starts at $300
- $25,000 general contractors bond: Starts at $375
Other Alaska construction bond prices vary based on the bond type and amount. Your personal premium will typically be between 1–10% of the total bond coverage based on various risk factors like credit score and industry experience. Apply online now to get your free quote!
If you work outside of Alaska, we also offer contractor license bonds nationwide.
Who Needs an Alaska Contractor Bond?
Per Alaska Administrative Code Statute 08.18.071, you need to purchase and file an Alaska contractor license bond to apply for your state contractor license certificate of registration. By filing this bond you agree to comply with state statutes and fulfill the following payment obligations:
- Taxes and contributions
- Employee labor
- Material suppliers
- Equipment suppliers/renters
- Court judgments made for negligent or improper work
If you fail to work according to Alaska statutes or fulfill payment obligations, your issuing surety company will pay out valid claims up to the full bond amount, which you must reimburse.
Other Construction Bonds in Alaska
You may also need a land use performance bond, local construction permit bond, another type of contract bond for certain construction projects in Alaska. These protect the public and project owners if you breach the contract terms.
How to Get a Alaska Contractor Bond
You can apply for any Alaska contractor bond by submitting an online request form. Simply find the bond you need and enter your information. It only takes two minutes!
Alaska handyman contractor license bonds and City of Kenai construction permit bonds are available for instant online purchase with no application.
If you apply for a statewide Alaska contractor license bond, you’ll need to provide the following information for filing approval:
- Contractor name with any applicable DBA
- License number, if available
Apply now and a SuretyBonds.com representative will contact you within one business day to discuss next steps.
How Fast Can I Get My Bond?
We deliver official Alaska construction contractor bonds faster than any other surety provider. Orders placed by 4 PM CST Monday-Friday are typically issued with same-day email delivery.
Who Regulates Alaska Contractor Licensing?
The Alaska Department of Commerce, Community and Economic Development (DCCED) approves valid applicants for contractor licensing. If you have questions about your new Alaska contractor license application or existing construction contractor license, contact the division for your license classification.
How to Get a Contractor License in Alaska
To become a licensed contractor in Alaska, you must submit the following materials to the DCCED for consideration:
- Completed application
- Proof of general liability insurance
- Proof of worker’s compensation insurance
- Nonrefundable $100 application fee
- $250 license registration fee
- Alaska surety bond in the correct amount
Learn step-by-step instructions on how to get an Alaska construction contractor license by reviewing our comprehensive guide.
More Resources
- Alaska DCCED: Construction Contractor Professional Licensing
- Alaska DCCED: Construction Contractor FAQs
- Alaska DCCED: Construction Contractor Forms
- Understanding the Construction Bonding Process
- How to Become a Licensed, Bonded Contractor
- Payment vs Performance Bonds: What’s the Difference
- Construction Bond Guide
- Federal Contract Bonds: Miller Act Bonds
- SBA Guarantee Bonds
