If you’re a contractor, chances are you need a contractor license bond to operate legally. But what exactly is it, how much does it cost, and why does it matter? We created a quick Contractor License Bond Infographic you can download and save for easy reference.
What Is a Contractor License Bond?
It’s a surety bond that ensures you follow state and local laws when doing business. Instead of protecting you, it protects your clients and the public. If you break regulations or cause financial harm, the bond steps in to cover valid claims — and you reimburse the surety.
Why Contractors Need It
- Required to get or renew your license in many states and cities
- Protects your reputation and builds client trust
- Keeps you compliant with laws and regulations
How Much Does It Cost?
Most contractors pay 1–3% of the total bond amount. In some cases, that’s as little as $100 per year. Bond amounts depend on your location and trade. For example, a general contractor bond in Denver is $50,000, while in Colorado Springs, an excavation bond may be just $5,000.
How to Get Your Bond Fast
With ZipBonds, the process is quick, digital, and stress-free. Apply online in minutes, get instant approval in most cases, and start your next project with confidence.
Don’t let licensing requirements slow you down. Download our Contractor License Bond Infographic today, and keep it handy for a simple breakdown of everything you need to know.
Ready to get bonded? Visit ZipBonds.com to apply today.