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New York
Contractor Bonds

New York Contractor Bonds

Various cities in New York require contractors of various classifications to post surety bonds before working on projects within the state. Check with the bond obligee (government entity requiring the bond) before submitting a bond application to ensure a bond in the correct amount is acquired.

Instant Issue Bonds

Most New York contractor license bonds can be issued instantly online for a premium ranging between $100-175. For example, New York City requires all home improvement contractors to obtain a $20,000 contractor bond. This bond can be purchased instantly online for $175 through the ContractorBonds.com secure checkout.

Underwritten Bonds

Some contractor bonds do require underwriting consideration. The premium for these bonds depends on a review of an applicant's credit history and financial records. New York City, for example, requires parks and recreation contractors to obtain a parks and recreation private contractor bond. This bond has a varying amount and requires underwriting consideration. The premium for this bond starts at $100.