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A Guide to Contractor Bonding

We are legally licensed to issue contractor license bonds in every state. Whether you work construction in California, Oregon, Florida or Washington, we can bond you!

This page is a guide to contractor license bonds. For information on surety bonds issued for contracted construction projects.

The more construction professionals know about surety bond insurance, the better prepared they’ll be to buy or renew their contractor bonds. So, to help you along your way, our expert surety specialists have developed this guide to contractor bonding.


Bond Information by State

Contractor license bond costs and requirements often vary by state. Select your state below for more information about contractor bonds in your area,

Pay a Low Rate for Your Contractor License Bond

Applicants with good credit typically pay a rate that’s 1-5% of the bond amount, which could mean just $100 for a standard $10,000 contractor license bond.

Get Contractor Bonding With Bad Credit!

The recent downturn in the construction industry left some contractors in financial ruin. Rest assured knowing that we offers a special Bad Credit Bonding Program that allows us to approve 99% of applicants, no matter their credit history. When working with us, qualified contractors can even choose our financing option to break down their premium into smaller, more manageable payments. Don’t let a low credit score keep you from getting the contractor bonding you need.

Get a Contractor Bond Quickly & Easily

Unlike other surety providers that complicate the process, we provides quick, easy and accurate contractor bonding services. We can issue any contractor license bond, even if an applicant is unsure of their state’s bonding requirements.

Learn More About Contractor Bonding

As a specific type of surety bond, each contractor license bond that’s issued functions as a legally enforceable contract that binds together three separate parties.

  1. The construction professional that buys the contractor license bond acts as the principal.
  2. The state agency that requires the contractor to be bonded acts as the obligee.
  3. The company that issues the bond and guarantees the contractor’s obligation acts as the surety.

If a contractor fails to fulfill the bond’s terms, then the obligee can make a claim on the contractor bond as a way to gain compensation for any damages. However, the surety will not simply absorb the loss. Whereas underwriters of traditional insurance policies assume that there will be a loss, surety underwriters consider the policies they write to have no risk. In the event that a claim is made against the bond, the contractor is expected to reimburse the surety for any money it pays when settling the claim. Known as an “indemnification clause,” this language is typically included in the bond’s legal language to ensure the surety doesn’t lose money.

Protected Contractor Bond

Construction professionals sometimes misunderstand the purpose of contractor license bonds by assuming the coverage protects themselves. However, surety bond insurance differs from a traditional insurance policy in the fact that this type of surety bond actually protects the general public by guaranteeing that construction professionals will adhere to whatever stipulations are found within the bond’s legal language. By purchasing contractor license bonds, construction professionals agree to work according to certain regulations, thus protecting government agencies and consumers from potential financial loss.

Apply for your surety bond

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