How much does a contractor license bond cost in New Jersey?
Certain cities and contractor classifications in New Jersey require contractors to post surety bonds.
SuretyBonds.com can issue most New Jersey contractor license bonds instantly for just $100 without a credit check, but other bond types require surety underwriting.
The best way to find out exactly how much you’ll pay for your New Jersey contractor license bond is to submit an online bond request now!
If you are interested in obtaining a license as a master HVACR contractor, click here.
Purchasing your New Jersey 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 does a New Jersey contractor need to be bonded?
New Jersey contractor license bonds are put in place to ensure that principals (contractors) comply with all state and local laws, as well as with the regulations of their specific trade. This includes adhering to all building codes, paying all taxes that become due and more. In most cases, 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 New Jersey contractor license bonds have unique terms, so applicants should understand the fine print of their bond agreements during the bonding process. Our experts are here to answer any questions you have!
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