Who needs a contractor bond in Putnam County?
The Putnam County Planning and Development Services Department requires a $5,000 surety bond for contractors operating within the county. This local bond requirement is in addition to Florida’s state bonding requirement, which requires all construction contractors with a credit score of 660 or lower to obtain a contractor license bond.
Get Your Putnam County Contractor License Bond:
How does a contractor license bond work?
The surety bond guarantees that the contractor complies with local licensing and permit laws for the industry. If they don’t, they could cost other parties money. Any party that experiences damages can file a claim against the bond for compensation.
When obtaining the $5,000 Putnam County surety bond, the contractor acts as the principal in agreement with the obligee (Putnam County) and the surety company. If someone files a valid claim against the bond, the contractor will be held liable for covering the costs up to the full bond amount.
Apply for Your Florida Contractor Bond
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.