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How much does the New Jersey electrical contractor bond cost?
The New Jersey electrical contractor bond costs $175 for the state-required 2-year term. The state requires this bond expire on March 31st, so your exact premium will vary depending on when you purchase your bond.
How do you get an electrical contractor bond in New Jersey?
You can purchase your New Jersey electrical contractor bond online 24/7. You'll need to provide your electrical contractor name, address, and county for Division of Consumer Affairs filing approval. Once your payment is processed, your official contractor license bond will be emailed to you instantly.
How fast can I get an electrical contractor bond?
SuretyBonds.com offers instant emailed New Jersey electrical contractor license bond delivery 24/7. Purchase your bond online now to receive your official New Jersey surety bond delivered in minutes by email.
What is the purpose of the New Jersey electrical contractor bond?
New Jersey Statutes Annotated 45:5A-19 requires individuals file a $1,000 surety bond before performing any electrical contractor work in the state. This bond is known as the "electrical contractor bond," “electrical contracting bond” or the "electrical work construction bond." This bond form specifically requires electrical contractors comply with New Jersey laws outlining rules and regulations for electrical contracting work.
Why do I need an electrical contractor bond?
You must purchase and file this $1,000 surety bond to be licensed as an electrical contractor in New Jersey. By filing this New Jersey surety bond, you agree to comply with state rules and regulations when performing electrical work for your clients. If you fail to do so, your issuing surety company will pay valid claims to harmed individuals up to your full $1,000 bond amount, which you must reimburse.
Who regulates electrical contractors?
The New Jersey Division of Consumer Affairs Board of Examiners of Electrical Contractors enforces licensing requirements for the state's electrical contractors, including the $1,000 bond amount requirement. You can contact the Board by calling 1(973)504-6410 or emailing [email protected].
How do New Jersey electrical contractors file your bond?
After you've purchased and received your official contractor license bond, you'll need to file it with your electrical contractor license application packet.
What other contractor license bonds are required in New Jersey?
The New Jersey Division of Consumer Affairs Board of Examiners of Electrical Contractors requires this bond for electrical contractor licensing. The DCA also enforces separate New Jersey master HVACR bond and New Jersey elevator mechanic bond requirements. If you work as a contractor in other trades, you might need other New Jersey contractor license bond types required by the state or individual cities.
How do I update or change my electrical contractor surety bond?
If the New Jersey Board of Examiners of Electrical Contractors requires your electrical contractor licensing bond form be updated for any reason, contact your surety provider. If you purchased your electrician contractor bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your name, address, or county to match your New Jersey electrical license.
How do I renew my New Jersey electrical contractor bond?
You'll need to renew your electrical contractor bond before its current 2-year term expires on March 31st as required by state law. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your bond active for your next 2-year New Jersey electrical license term.
How do electrical contractors apply for a license in New Jersey?
You can apply for your New Jersey electrical contractor license online using the New Jersey Division of Consumer Affairs MyLicense Online Licensing system. You'll need to provide the following before the New Jersey Board of Examiners of Electrical Contractors will approve your business permit application.
- business permit application with required fee
- pressure seal application with required fee
- $1,000 New Jersey surety bond that expires on March 31st
What can contractors do to avoid claims against the New Jersey electrical contractor bond?
You can avoid claims filed against your bond by complying with state laws when working as an electrical contractor. Remember, if a valid claim is filed against your surety bond, you must reimburse your surety company for any claims paid to harmed individuals.