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 bid and performance bonds page.
What is a contractor license bond?
Contractor license bonds are surety bonds required by most states to ensure that all licensed contractors operate their business in compliance with all applicable rules and regulations related to their specific license.
Who needs this bond?
Contractors seeking to become licensed in a particular state will need this surety bond if required by the state in which they are seeking to be licensed.
Colonial Surety is currently not offering this bond for those seeking to become licensed in Alaska, Maryland, and Washington state.
What is the amount of the bond?
Contractor license bond amounts vary by state.
What is the process to obtain the bond?
Colonial offers the direct and digital way to obtain a contractor license bond. We are the insurance company — which means no agent, no broker, and no middleman. The steps are easy — get a quote online, fill out your information, and enter your payment method. Your bond will be available instantly. It’s that simple!
What does the bond cost?
A contractor license bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by state in which you wish to become a licensed contractor.
Does it matter where I get the bond?
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain a contractor license bond when you deal directly with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.