This bond is for contractors who engage in both commercial and residential contract work for their license type (general, specialty, engineering). The Dual License Bond amount is based on gross receipts and calculated by combining the amount required for Residential and Commercial Bonds.
- Bond amount: A combination of commercial and residential (e.g., $7,000 commercial and $15,000 residential), based on gross receipts
- .5% - 10% of the total cost - $75 minimum premium
- Pricing increases based on the bond amount
- Purchase two years to align with license renewal
- Multi-year options carry a 25% discount
- Based on personal credit