Who needs a contractor license bond in Lake Wales?
The City of Lake Wales requires a $5,000 all trades license bond for many contractors. To determine if this requirement applies to you, contact the Lake Wales City Commission:
- Commission Chambers
- Municipal Administration Building
- 201 W Central Avenue
- Lake Wales, FL 33853
- (863) 676-5118
This surety bond is an additional requirement to Florida’s state bonding requirement. The state requires that any construction contractor with a credit score of 660 or lower must obtain a contractor license bond.
Get Your Lake Wales Contractor License Bond:
How does a contractor license bond work?
If you (the contractor) fail to comply with licensing and permit laws in your jurisdiction and cost another party money, they may file a claim for reimbursement. For the $5,000 all trades license bond in Lake Wales, the contractor is the principal in the agreement with the obligee (City of Lake Wales) and the surety company. Your surety may cover claims filed against your bond upfront, but you must later repay your surety in full.
To obtain your bond, you will pay a premium. ZipBonds can issue contractor license bonds quickly, often for as low as $100.
Frequently Asked Questions
In some cases, a bond in a specific municipality covers state requirements for bonding. However, you may need both state and local bonds to operate legally in Florida. Contact the Lake Wales City Commission or ZipBonds for details if you’re unsure about your bonding requirements.
If your work remains incomplete or you behave unethically or illegally, a client may file a claim against your bond. To avoid costly claims, perform your job professionally and complete it on time, following all local and state regulations that apply. Take note of your bond agreement details, and rectify client complaints before they become official claims.
Apply for Your Contractor Bond in Lake Wales, FL
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.