Contractor liceense bond pricing can be broked down into 2 categories:
Regardless, there are no additional fees when purchasing a construction bond through ContractorBonds.com. The lowest price we receive from our network of insurance companies is the price you pay.
Although contractor bonds are a type of surety bond, they should not be confused with typical insurance policies. Whereas most insurance offers protection to the policyholder, surety bonds protect consumers and government entities. Contractor surety bonds guarantee harmed parties have a way to collect compensation in case a contractor's actions result in financial loss.
So if a construction professional violates their contractual obligation resulting in a claim against the contractor license bond, the contractor will be held accountable for paying the claim.
ContractorBonds.com was built to make the process of getting a construction surety bond as straightforward and convenient as possible.
As the construction division of SuretyBonds.com, the leading surety bond agency in the U.S., we have the knowledge and cutting-edge tools to deliver unparalleled customer service.