A Contractor License Surety Bond is often required by state and local municipalities of general, electrical, roofing, HVAC, and other types of contractors. The Contractor License Surety Bond typically seeks to ensure that a contractor will adhere to state statutes and local municipal codes. Some forms of these bonds are often referred to as Code Compliance Surety Bonds.
What is the current market for a Contractor License Surety Bond?
Contractor License Surety Bonds are widely written by multiple surety bond markets. In most cases, DBL Surety can instantly issue these bonds upon request because of our insurance company relationships. The respective minimum and maximum bond amounts for a Contractor License Surety Bond vary by state and may differ. Most of these bonds are considered very low risk and can be obtained for a rate of 1%.
How do I apply for a Contractor License Surety Bond?
Please note that additional underwriting information may be needed depending on bond request, information submitted, and to obtain the lowest possible rate.
