Contractor License Bond
What is a Contractor License Bond?
A Contractor License Bond is a type of License & Permit bond that ensures contractors comply with regulations and perform their work according to industry standards.
Protects clients and the public from substandard work and unethical business practices.
Required by state or local governments for contractors to operate legally and maintain professional standards.
Applicant’s personal or business information, credit history, bond amount, and contractor license details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
