California Contractor’s Disciplinary Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on California Contractor Disciplinary bonds. Effective January 1, 2023, the minimum limit on the California Contractor Disciplinary Bond was increased from $15,000 to $25,000. This article has been updated to reflect this change. At a Glance: Average Cost: 3% …
California Contractor License Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on California Contractor License bonds Effective January 1, 2023, the limit on the California Contractor License bond has increased from $15,000 to $25,000 as a result of Senate Bill 607. This page has been updated to reflect the …
Arizona Contractor License Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors obtain Arizona Contractor License bonds At a Glance: Lowest Cost: $107 per year or $11 per month Who Needs It: All individuals and businesses that act as commercial, residential, general, and specialty contractors in the State of Arizona …
Arkansas Underground Storage Tanks Contractor Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on Arkansas Underground Storage Tanks Contractor bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $25,000 Who Needs It: All individuals and businesses that act as an underground storage tanks …
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Arkansas Commercial Contractor Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on Arkansas Commercial Contractor bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $10,000 Who Needs It: All individuals and businesses that act as commercial contractors on projects costing $50,000 or more …
Auto Dealer Bond: A Comprehensive Guide This guide provides information for insurance agents to help new and pre-owned car dealership owners on Auto Dealer bonds What is an Auto Dealer Bond? Auto dealer bonds, sometimes called motor vehicle dealer bonds or car dealer bonds, are government required surety bonds that auto dealers must purchase to …
Alabama Residential Roofer Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on Alabama Residential Roofer bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $10,000 Who Needs It: All individuals and businesses that act as residential roofing contractors in the State of Alabama …
Alabama HVAC Contractor Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on Alabama Heating, Air Conditioning, and Refrigeration (HVAC) Contractor bonds At a Glance: Lowest Cost: $100 per year or $10 per month Bond Amount: $15,000 Who Needs It: All individuals and businesses that act as heating, air or …
Alaska Construction Contractor Bond: A Comprehensive Guide This guide provides information for insurance agents to help contractors on Alaska Construction Contractor bonds At a Glance: Lowest Cost: $100 per year or $10 per month, based on the business owner’s credit Bond Amount: $5,000 for handymen $10,000 for home inspectors and mechanical/specialty contractors $20,000 for residential …
Understanding Subdivision Bonds: A Guide for Insurance Agents Subdivision bonds are surety bonds that developers must purchase when performing government-required public improvements to a subdivision plat. While similar to contractor performance bonds, subdivision bonds have some unique features and underwriting requirements that can trip up even the most seasoned insurance professionals. In this article, we …
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