Residential License Bonds
This bond is for contractors constructing or repairing residential property. The bond amount is based on filed gross receipts and license type.
- Bond amounts:
- $9,000 based on gross receipts less than $750,000
- $15,000 for gross receipts of $750,000 or more
- .5%-10% of the total cost - $50 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
Residential Specialty Contractor
This bond is for contractors engaging in contract work corresponding to their specialty classification(s) on a residential property. The bond amount is based on filed gross receipts.
- Bond amounts:
- $4,250 based on gross receipts less than $375,000
- $7,500 for gross receipts of $375,000 or more
- .5%-10% of the total cost - $100 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