Alaska requires contractors of multiple classifications to obtain a surety bond prior to becoming licensed. These bonds ensure that principals (contractors) adhere to all applicable laws and regulations pertaining to their specific industry. They also protect the obligee (government entity) from any claims filed because of negligent work or damage caused by the contractor.
Handyman Bond Requirement
If you are a handyman working on projects with an aggregate contract price of $10,000 or less, Alaska requires you obtain a $5,000 contractor bond. The price for this bond starts at $100, but may vary based on a review of credit information.
Mechanical or Specialty Contractor Bond Requirement
Mechanical or specialty contractors in the state of Alaska must post a $10,000 contractor bond. This bond requires underwriting consideration. Premiums will vary as they depend heavily on a review of the applicant's credit. The premium for this $10,000 contractor bond starts at $150.
General Contractor Bond Requirement
All general contractors in Alaska performing exclusively residential work must obtain a $20,000 contractor bond. This bond must be underwritten, so financials and/or credit history will be reviewed to determine the price for this bond. Premiums for this bond start at $300 for applicants with good credit.
All other general contractors must post a $25,000 contractor bond. This bond is also underwritten, but the premium starts at $375.
Search all contractor bonds in Alaska
Over the years, our bonding experts have put together the most comprehensive surety bond library. Most of our contractor bonds can be purchased instantly online in only a few minutes.
Use the list on the right below to browse all of our available contractor bonds in Alaska You can also try searching by bond amount, obligee, or bond name.