Louisiana Home Service Contract Provider Bond Guide
If you’re applying for a home service contract provider license in Louisiana, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure service contract providers meet state compliance requirements and uphold contracts
- Who Needs It: Companies providing home service contracts to Louisiana customers
- Regulating Body: The Louisiana Secretary of State
- Required Coverage: $50,000
- Premium Rate: 2–7.5% based on credit score
Learn all about the bond requirements and process in this guide.
What Is a Louisiana Home Service Contract Provider Bond?
A Louisiana home service contract provider bond is a license requirement by the Louisiana Secretary of State. It ensures that providers operate legally and financially protects clients who purchase service contracts from home service companies.
How Much Do Home Service Contract Provider Bonds Cost?
Louisiana home service contract provider bonds cost a small percentage of the $50,000 coverage amount. Rates start at 2.5%, or $1,250, for qualified applicants.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Louisiana home service contract provider bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the Secretary of State as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Louisiana Home Service Contract Provider Bond Work?
A home service contract provider bond creates a legal contract between these three parties:
- Principal: You, the home service contract provider company owner(s) filing the bond
- Obligee: The Louisiana Secretary of State requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Louisiana Statutes, Title 23.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your home service contract provider bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date. After renewing, you’ll receive a continuation certificate to file with the as proof of ongoing coverage.
