Who needs a contractor license bond in Prince George’s County?
Contractors planning to work on county sites or roads in Prince George’s County, Maryland, must post a license and material bond. The bond amount ranges from $100 to $100,000, depending on the work proposed. The Board of License Commissioners regulates bonding requirements for the county.
Unsure if this bond requirement applies to you? Call (888) 435-4191 to identify your specific bonding needs. You can also check out our page on contractor license bonds in Maryland for state-specific information.
Get Your Prince George’s County Contractor Bond:
How does a contractor license bond work?
When obtaining this bond, the principal (contractor) enters into an agreement with the obligee (Prince George’s County) and the surety company. A contractor license bond guarantees the bonded contractor complies with applicable licensing and permit laws. If they don’t, any parties that suffer as a result can file a claim against the bond for compensation. The surety company may initially cover any damages incurred, but the principal must later repay them in full.
Frequently Asked Questions
You can avoid claims by working professionally and communicating effectively with clients. Additionally, you should answer any client complaints immediately and to the client’s satisfaction. Many claims begin as complaints and can be avoided by resolving issues as they arise.
Those with poor credit can still obtain the bond they need. We don’t even need to pull credit for many contractor license bonds. We often issue these types of bonds instantly for just $100.
Apply for Your Contractor Bond in Prince George’s County, MD
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email firstname.lastname@example.org 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.