Who needs a contractor bond in Brookline, Massachusetts?
Several contractors – including electrical contractors, gas fitter contractors, and plumbing contractors – must secure a contractor license bond to work in Brookline, Massachusetts. According to city ordinances, contractors of all trades working on right-of-way projects may also need a contractor license bond.
Contractors may also need other bonds to comply with county and state laws. For example, out-of-state contractors and subcontractors must secure a surety bond for projects valued at $20,000 or more. Visit our Massachusetts Contractor License Bond page to learn more.
Get Your Brookline Contractor License Bond:
How does a contractor license bond work?
The City of Brookline Building Department manages construction activities in the area. In license application forms, contractors can provide a bond or general liability insurance. Each one offers different types of coverage for contractors.
Many contractors can secure this bond at an annual premium rate of $100. If a claim is filed and settled, the claimant will receive the estimated cost of damages up to the full bond value. The bond then acts as a loan from the surety provider to the contractor.
General liability insurance requires higher ongoing premium payments. An insurance company settles claims as they arise. Contractors then pay for the claim through an adjusted, higher premium rate.
If you need help deciding which option is best for your business, call us at (888) 435-4191. We’re happy to answer any of your bond- or insurance-related questions!
Apply for Your Contractor Bond in Brookline, MA
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.