How much does a contractor license bond cost in Washington, D.C.?
Contractors who work in the District of Columbia might need to file one or more surety bonds depending on the type of work they do with various entities and the type of license(s) they maintain.
Electricians in D.C. must post surety bonds in varying amounts prior to conducting electrical work. Bond amounts are determined by the Director of the D.C. Department of Consumer and Regulatory Affairs and are based on the volume of electrical work performed by the applicant. Applicants should verify their required bond amount with the department prior to bonding.
The Sheet Metal Workers’ International Association Local Union No. 100 requires contractors who hire unionized sheet metal workers to post surety bonds in varying amounts. Again, applicants should verify their required bond amount with the union prior to bonding.
Elevator contractors in Washington, D.C., must post $4,000 surety bonds before beginning work on such projects.
Home improvement contractors must post 2-year, $25,000 bonds before beginning work on such projects.
Due to the risk for claims on contractor license bonds, most applications require a review of the applicant’s personal credit report to determine pricing. Request your fast and free quote now to find out exactly what you’ll pay!
|Bond Type||Bond Amount||Cost*|
|$4,000 Electrical Contractor Bond||$4,000||Starts at $100||Apply Now|
|$1,000 Electrical Fixture Contractor Bond||$1,000||$100||Apply Now|
|$2,000 Master Electrician Bond||$2,000||$100||Apply Now|
|$1,000 Master Electrician Specialist Bond||$1,000||$100||Apply Now|
|$2,000 Special Contractor Bond||$2,000||$100||Apply Now|
|Varies Contractors Fringe Benefits Bond||Varies||Subject to Underwriting||Apply Now|
|$4,000 Elevator Contractor Bond||$4,000||Starts at $100||Apply Now|
|$25,000 Home Improvement Bond - 2-year term||$25,000||Subject to Underwriting||Apply Now|
Need a surety bond for a construction project?
Electrical contractors, electrical fixture contractors, master electricians, master electrician specialists and special contractors must be bonded prior to performing work in Washington, D.C. The bond ensures that principals (contractors) comply with all bonding and licensing regulations of the district, including any amendments made to all existing rules, regulations and orders of the mayor and all laws of the district relating to electrical work. If the principal fails to comply with these terms, the bond protects the district or any person who suffers damages up to the full amount of the bond.
The surety can terminate its liability under the bond by giving written notice of termination either personally or via registered mail to both the principal and the district at least 30 days prior to the effective termination date.
These bonds expire on November 30 of every odd year, so your bond premium could be prorated depending on when you buy it. Our team of surety experts works hard to get you bonded according to your specific needs.
Qualified applicants could pay just $100 for their Washington, D.C., electrician bond. Request Your Free Quote Today!
Contractors Fringe Benefits Bond
Contractors who hire unionized sheet metal workers must post surety bonds in varying amounts. By posting this bond, principals (contractors) pledge to make full and prompt payments of wages owed to employees, dues owed to the union, and contributions owed to the funds. If the principal fails to deliver these sums as required, the surety is obligated to pay the amounts. The principal must reimburse the surety for all claims paid out.
To cancel this bond, the surety must give the Sheet Metal Workers’ International Association Local Union No. 100 written notice of cancellation. Cancellation becomes effective 90 days after the union receives the notice.
Pricing varies based on the needed coverage amount and the applicant’s financial credentials, so request your free, personalized bond quote now.
Elevator Contractor Bond
Elevator contractors in Washington, D.C. must post $4,000 surety bonds prior to working in the district. By posting this bond, principals (contractors) agree to strictly comply with the elevator bonding and licensing regulations of the district, including completing all construction work according to code. If the principal fails to comply with these terms, the bond protects the state and any person harmed by the principal’s actions from financial loss up to the full amount of the bond.
These bonds remain in full force and effect through November 30 of odd years. These bonds have a set expiration date, so your bond premium could be prorated depending on when you buy it. Our team of surety experts works hard to get you bonded according to your specific needs.
Washington, D.C., elevator contractor bonds can be issued quickly and easily for as low as $100. Request your bond now!
Home Improvement Bond
Home improvement contractors must post $25,000 surety bonds prior to completing construction work in Washington, D.C. By posting this bond, principals (contractors) pledge to comply with the provisions of the Acts of Congress approved July 1, 1932 (47 Stat. 55 as amended) and all applicable home improvement business regulations. Specifically, these bonds ensure that principals pay all damages suffered by any person as a result of the principal’s violations of these terms.
These bonds remain valid for a 2-year term.
The price you’ll pay for a home improvement contractor bond in Washington, D.C., is based on a review of your personal credit report. Apply now to receive your fast and free quote!