Who needs a contractor license bond in Lynn Haven?
All state-licensed contractors must file a $5,000 contractor registration bond with the Building Department before receiving a permit to conduct construction work within the city. General contractors, electricians, and other trades are included in this requirement. If you have questions on how or if this applies to you, reach out to the Building Department using the contact information below:
- Phone: (850) 265-2121 ext. 2135
- Email: firstname.lastname@example.org
- 817 Ohio Avenue
- Lynn Haven, FL 32444
The Lynn Haven bonding requirement is included in the statewide Florida bonding requirement, which states that all construction contractors with a credit score of 660 or lower must post a license bond.
Get Your Lynn Haven Contractor License Bond:
How does a contractor license bond work?
The City of Lynn Haven (obligee) dictates the contractor license bond terms. The bond is a safeguard for clients, ensuring the contractor (principal) adheres to applicable city and state laws while performing work in the city.
If the contractor breaks any part of the bond agreement, the surety company will initially cover any damages to other parties. These parties may include the city, state, or individual clients. The contractor is ultimately responsible for paying the surety back for any covered claims, up to the full bond amount ($5,000).
To obtain your surety bond, you will pay a premium – a small percentage of the bond value. ZipBonds can issue contractor license bonds quickly, at a typical premium rate of $100.
Frequently Asked Questions
Often, acquiring a bond in a local municipality will cover the statewide bond requirement. However, you may need to acquire both bonds, depending on different factors. You can contact the Lynn Haven Building Department or ZipBonds for information concerning your specific situation.
A Lynn Haven contractor license bond lasts a year and then must be renewed if you wish to remain bonded. When your bond is issued, there will be a date included that specifies the expiration date for your bond. Renew your bond annually before the expiration date for it to remain active.
Apply for Your Contractor Bond in Lynn Haven, 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.