Contractor license bond cost
Various cities in Florida require contractors to post surety bonds in varying amounts before completing construction projects.
Most of these bonds are freely written, which means that all applicants pay the same low price and qualify instantly without a credit check! A few of the bonds listed below are subject to underwriting consideration, which means the price you’ll pay depends on a review of your personal credit report.
Why this bond
Although the specific terms of each contractor license bond are set by the city requiring it, contractor license bonds are put in place to ensure that principals (contractors) adhere to the laws of the city when it comes to completing construction work, complying with building codes and correcting any faulty workmanship.
If a principal fails to comply with the letter of the law and the surety bond contract, the bond protects the city, state or individuals from financial loss up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.
Contractor license bond details
Most Florida contractor license surety bonds have set expiration dates, so your bond premium could be prorated depending on when you buy it. Our team of surety experts works hard to get you bonded according to your specific needs.
The fine print of these surety bonds varies from city to city, so applicants should make sure they fully understand the terms of their bond before conducting business as a contractor.
Apply for your surety bond
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