How much does a Master HVACR bond cost in New Jersey?
Master HVACR contractors that wish to be licensed in New Jersey must first obtain a $3,000 surety bond to be submitted to the New Jersey Division of Consumer Affairs’ State Board of Examiners of Heating, Ventilating, Air Conditioning and Refrigeration Contractors. Because there is no credit check on this bond, it is freely written for all applicants for just $50!
|Bond Type||Bond Amount||Cost*|
|$3,000 Master HVACR Bond||$3,000||$50||Buy Now|
Ready to get bonded? Contact a surety specialist to get the bond you need for just $50!
Why do I need this bond?
The bond must be filed with the Board of Examiners to obtain a license as required by N.J.S.A. 45:14C-26 and N.J.A.C. 13:32-2.5, and it ensures that all Master HVACR contractors will abide by all rules and regulations set forth by N.J.S.A. 45:16A-1. In the event that a contractor fails to perform their job pursuant to these regulations and a claim is filed against the bond, the surety will pay out up the full amount of the bond and will then look to the principal (contractor) for reimbursement.
What’s the fine print?
Master HVACR bonds expire on June 30th of even years. All bonds written before that date will be active until then, at which point they must be renewed for the full two-year term. The surety may also cancel the bond at any time by notifying the obligee in writing at least 30 days in advance.
How to become a master HVACR contractor in New Jersey
Before obtaining a surety bond, an HVACR contractor applicant must pass the master HVACR licensing examination or qualify for licensure pursuant to N.J.A.C. 13:32A-2.5 or 2.6. Upon completion, they will then need to complete the following:
Provide a certificate of general liability insurance in the amount of $500,000
Provide a Federal Tax Identification number for the HVACR business
Pay the licensing fee of $160.00
A full list of requirements may be found in subchapter two of the New Jersey Administrative Code Title 13 - Chapter 32A.
Pay just $50 for a New Jersey Master HVACR bond when you work with SuretyBonds.com. Simply give us a call at 1 (800) 308-4358 or submit a bond request today!
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