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How much does a contractor license bond cost in Connecticut?
Various cities and towns in Connecticut require contractors of different classifications to post surety bonds prior to completing work. Applicants should verify their required bond with the city and/or government entity in charge of licensing and registration for their classification prior to bonding.
Most city-specific Connecticut contractor bonds can be issued instantly without a credit check for a $100 premium! However, Nonresident Contractor Verification Bonds are subject to underwriting consideration, meaning the best way to find out exactly how much you’ll pay for your bond is to submit a bond request now!
Purchasing your Connecticut contractor bond is easy when you work with the experts at SuretyBonds.com! Call 1 (800) 308-4358 or click here to get started.
Why do I need this bond?
Contractor bonds in Connecticut are put in place to ensure that principals (contractors) complete construction work in accordance with the laws of the city/state. This includes adhering to all building codes, paying all taxes that become due, and more. Typically, these bonds protect the city/state and/or any individual who is harmed as a result of the principal’s noncompliance from financial loss up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.
All Connecticut contractor bonds have unique terms, so applicants should be sure they understand the fine print of their surety bond contracts during the bonding and licensing processes.