Please note that the following information is related to contractor’s license bonds. If you are a contractor seeking information on obtaining contract surety bid and performance bonds, please visit our contract bond page.
What is a Idaho contractor’s license bond?
In Idaho, a contractor license bond may be required at the local level for contractors seeking licenses or permits to conduct work in certain municipalities or counties. Contractor license bonds are required by those who are engaged in HVAC, Plumbing, Fire Protection Sprinkler and other types of building trade work. This is to secure certificates of competency. The bond ensures that the principal (contractor) performs all work in accordance with all provisions of the State of Idaho standards. The State of Idaho, or another local agency, will be named as the obligee on the bond. A contractor’s license bond must be obtained from an insurance company licensed to write surety bonds in Idaho.
Obtaining Contractor’s License Bonds for my trade
Contractor’s license bonds may be required in Idaho state, county, town or municipal level. Since Colonial is a direct and digital insurance company, you can easily obtain a bond customized to your location’s requirements. Below are a few examples of state-wide requirements by trade.
- Electrical contractors require a license bond in the amount of $2000.
- HVACR contractors require a license bond in the amount of $2000.
- Plumbing contractors require a license bond in the amount of $2000.