Who needs a contractor bond in Cape Coral?
Contractors seeking work in Cape Coral, Florida, must register with the city and post a contractor compliance bond of $25,000. The Development Services Department handles the local bonding process:
- Development Services Department
- 1015 Cultural Park Blvd.
- Cape Coral, FL 33990
- (239) 574-0566
The Cape Coral bonding requirement is in addition to the statewide Florida contractor license bond requirement. Construction contractors in Florida with a credit score of 660 or lower must post a bond to obtain a business license.
Get Your Cape Coral Contractor License Bond:
How does a contractor license bond work?
A compliance bond guarantees that a contractor abides by applicable city ordinances in Cape Coral. The contractor is the principal in the bond agreement with the obligee (City of Cape Coral) and the surety. The surety company may cover damages the contractor incurs – up to the full bond amount of $25,000. The contractor must then repay the surety over time.
You will pay a premium to obtain your bond – a small percentage of the total bond amount. ZipBonds can issue contractor bonds quickly, often for as low as $100.
Do I need a Cape Coral compliance bond and a state bond?
In Florida, you may need a state contractor license bond plus a Cape Coral compliance bond to work as a contractor within the city. Florida requires contractors with a credit score below 660 to become bonded. Contact Cape Coral Development Services or ZipBonds to verify the requirements for your situation.
Apply for Your Contractor Bond in Cape Coral
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.