Surety Bond – Contractor License Bond Requirements
Contractors are required to have a few different types of surety bonds. Almost every state has some sort of bonding requirements for a contractor to become licensed. If you have applied with the state to become a licensed contractor; the state will require you to obtain your contractor license bond. The State will not grant you your license until the insurance requirements have been met. Each state has it’s own bond amount; each state has it’s own specific bond form too.
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Tags: contractor license bond, surety bonds
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