Nebraska Contractor Bond License Guide
Nebraska requires contractors to obtain a contractor bond to become licensed. The amount for these bonds varies depending on the type of contractor, location, and project. Some of these bonds can be issued instantly online for a set premium or are prorated for the bond term’s end date.
Why are contractor bonds required in Nebraska?
Multiple counties and cities require contractors in Nebraska to post surety bonds prior to starting work. These bonds ensure the principal (contractor) will abide by all applicable rules and legislation outlining the classification-specific work, in addition to protecting consumers from damages caused by negligent or faulty work. Obligees (government entities requiring the bond) enforce the legal language on the bond form that places liability on the principal.
Affected contractors can file a claim against the surety bond; if found to have validity, the surety (the company that financially backs the bond) will pay the claim up to the bond’s full amount. However, the principal is required to reimburse the surety in full for any money paid out.
Farm Labor Contractor Bond
Farm contractors are required to post a $5,000 surety bond to be registered to work within the state of Nebraska for a one-year term expiring March 31. The applicant’s credit history must be reviewed by a surety underwriter as the cost of the bond is currently underwritten. Contractors must register with the Nebraska Department of Labor and provide a current Workers' Compensation Certificate of Insurance.
Nebraska city-specific contractor bonds
Many Nebraska contractors are required to post a surety bond with the city or county they work in. More information on city and county-specific requirements can be found below.
City of Omaha Contractor Bond
The City of Omaha requires contractors to post a surety bond to become registered to work. The bond amounts and costs are currently $10,000 for a $100 premium and $12,500 for a $125 premium for general contractors and electrical contractors, respectively. Though the bond can be registered for a one-year term, a 25% multi-year discount is available for customers who purchase this bond for a multiple-year term upfront. To obtain a contractor’s permit within the City of Omaha, applicants must submit an application and general liability insurance certificate for general contractors or an application for electrical contractors..
Visit SuretyBonds.com or call us at 1 (800) 308-4358 to talk to a representative to get started on securing your Nebraska bond today!
Search all contractor bonds in Nebraska
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 Nebraska You can also try searching by bond amount, obligee, or bond name.