Who needs a contractor license bond?
Plumbing contractors must obtain a $2,000 contractor license bond. If you’re unsure about license and bond requirements for your contractor type, contact the Rehoboth licensing authority for more information.
Get Your Rehoboth Beach Contractor License Bond:
How does a contractor license bond work?
A contractor license bond is a surety bond that protects the obligee (the city of Rehoboth Beach) against financial losses due to the principal’s (contractor’s) failure to follow state and local regulations. Losses may occur because of improper financial planning or illegal or unethical business practices. The surety issues the bond, which guarantees the contractor’s performance.
If someone files a valid claim against your bond, your surety may cover the damages for you upfront. Ultimately, however, you must pay your surety back in full. You can avoid claims by fulfilling the obligations of your bond contract. Bond claims can be costly and damage your reputation, so it’s best to avoid them whenever possible.
To obtain your bond, you will pay a premium – a small percentage of the full bond amount. $2,000 Rehoboth Beach plumbing contractor license bonds often cost only $100. Check out our page on contractor license bonds in Delaware for more information.
Apply for Your Contractor Bond in Rehoboth Beach, Delaware
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email email@example.com or call 888.435.4191 to speak with an agent directly.
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.