Contractors License Bond

A Contractor License bond guarantees the contractor will comply with all statutes and licensing regulations that the state has set forth in the bond form. This license bond is for a contractor to obtain their license with the state not to be confused with a Payment and Performance Bond. The bond amount varies from state to state. Please check with the state for the correct bond amount and the bond form since every state has a different requirement.

We represent a wide range of Surety markets writing the Contractor License Bonds at preferred rates for those contractors meeting Surety Companies underwriting requirements. We also represent Surety Companies that writes these bonds for contractor with less than preferred credit, lack of business financials or negative business equity.

NOTE: Contractors are sometimes required to have a Payment and Performance Bond, call us to get set up for this type of bond.

Florida Bonds

Florida Construction License Bond

The Florida Construction Industry Licensing Board in-acted new rules requiring contractors with low credit score to obtain a Florida Construction License Bond in an amount determined by the Board. The bond is to guarantee that the contractor shall conduct its business in conformity with said laws and rules of the Florida Department of Business and Professional regulation.

Financial Responsible Officer Bond - $100,000

There are two types of licenses in Florida
  1. Certified Licenses are statewide and allow you to work as a contractor anywhere in Florida.
  2. Registered licenses are limited to certain local jurisdictions and only allow you to work in the cities or counties where you hold a certificate of competency.
For All Other States Download Application and Submit to us.

California Bonds

Currently the bond amount is $12,500

Two ways to apply

  1. Apply Online (bond will be filed directly with the CLB):  Click Here
  2. Download application and fax it to us to bid it out for you: Download Application
The California Contractors State License Board (CSLB) requires anyone performing a contract valued at $500 or more for labor and materials must hold a current and valid license from the CSLB and carry a Contractor License Bond.

If a California contractor has had issues with his/her license, the CSLB may require them to carry a Disciplinary Bond. The Contractor Disciplinary Bond amount starts at $15,000.

Always check with the license board for the correct bond amount and required regulations. www.cslb.ca.gov

NOTE:Contractors are sometimes required to have a Payment and Performance Bond, call us to get set up for this type of bond.

Oregon Bonds

Currently the bond amount is $20,000.

Oregon law requires anyone who works for compensation in any construction activity involving improvements to real property to be licensed with the Oregon Construction Contractors Board (CCB). This includes roofing, siding, painting, carpentry, concrete, on-site appliance repair, heating and air conditioning, home inspections, tree service, plumbing, electrical, floor covering, manufactured dwelling installations, land development and most other construction and repair services.

A CCB license is also required for:

  • Those who purchase homes fix them up themselves and resell them.
  • Material suppliers that receive compensation for installing or arranging the installation of the materials.
Always check with the license board for the correct bond amount and obtain additional information regarding your bond. www.oregon.gov/CCB/

NOTE:Contractors are sometimes required to have a Payment and Performance Bond, call us to get set up for this type of bond.

Washington Bonds

Currently the bond amount is $12,000. Washington has a General Contractor License and a Specialty Contractor License. A General Contractor License can perform or supervise numerous building trades or crafts. The

A Specialty Contractor License can perform one building trade or craft. The Washington Specialty Contractor surety bond is $6,000. Originals of the Specialty Contractor Bonds and General Contractor Bonds must be filed with the Department of labor and industries.

Always check with Department of labor and industries for the correct bond amount and required regulations. www.lni.wa.gov/

NOTE:Contractors are sometimes required to have a Payment and Performance Bond, call us to get set up for this type of bond.

A contractor is also required to provide evidence of general liability insurance coverage in the amounts of: $50,000 property damage policy and $200,000 public liability policy or $250,000 combined single limit policy.

Arizona Bonds

In Arizona the contractor license bond amount is based upon gross sales.

There are several different bond types of contractor licenses:

Residential General Contractors, Residential Specialty Contractors, Commercial General Contractors (Includes General Engineering Contractors) and Commercial Specialty Contractors. See the chart below to determine the bond amount applicable to the license classification.
License Type Annual Gross Volume Amount
Residential General Contractors $150,000 or less $5,000
$150,000 - $750,000 $9,000
Over $750,000 $15,000
Residential Specialty Contractors $100,000 or less $1,000
$100,000 - $375,000 $4,250
Over $375,000 $7,500
Commercial General Contractors (Includes General Engineering Contractors) $150,000 or less $5,000
$150,000 - $500,000 $10,000
$500,000 - 1 million $15,000
1 million - 5 million $40,000
5 million - 10 million $65,000
Over 10 million $90,000
Commercial Specialty Contractors $150,000 or less $2,500
$150,000 - $500,000 $5,000
$500,000 - 1 million $10,000
1 million - 5 million $20,000
5 million - 5 million $32,500
Over 10 million $45,000
Always check with Arizona Registrar of Contractors for the correct bond amount and required regulations. www.azroc.gov

NOTE: Contractors are sometimes required to have a Payment and Performance Bond, call us to get set up for this type of bond.

 

Testimonials

"When it comes to protecting yourself, your family, your assets, or your business, I can’t think of a more first class operation.”

“We highly recommend to anyone who is looking to build a strong long-term relationship and is ready to take the next step in their business.”

Read More

Contact Us

1353 Palmetto Ave, Suite 100
Winter Park, FL 32789

Main:(407) 644-4423
888:(888) 848-1787
Fax:(407) 628-1671

info@jalladinsurance.com