Who needs a contractor license bond in Petal, Mississippi?
All contractors working in Petal must submit a Mississippi State Board of Contractors license and City of Pearl permit application before work begins. Additionally, every contractor seeking a permit must submit a surety bond. The City Engineer sets the surety bond amount from $5,000 to $10,000.
Additional contractor requirements include:
- Submitting professional (to scale) drawings of proposed work
- Offering two sets of plans if work is new construction or significant changes are being made
- Paying all fees, specified when the work proposal is submitted
Unsure about the details?
Give us a call at (888) 435-4191 and a ZipBonds agent will be happy to help you with your bonding needs. You can also check out our page on contractor license bonds in Mississippi for state-specific information.
Get Your Petal Contractor License Bond:
How does a contractor license bond work?
A contractor license bond guarantees that contractors fulfill their proposed work and follow the standards and regulations of the obligee (City of Petal). Clients can file a claim for damages if a contractor’s work is deemed faulty or insufficient. The surety initially pays approved claims, but contractors are ultimately responsible for paying the claim back, up to the full bond amount.
You don’t need to pay the full bond amount upfront to acquire your bond. Instead, you’ll pay a small premium, a percentage of the penal sum. ZipBonds issues many contractor bonds instantly for as low as $100.
Frequently Asked Questions
Bonds often expire annually. You must renew your bond by the date listed on your bond form and keep your license current to continue operating legally as a contractor.
The requirements dictated by a municipality usually include everything you need to work in that area. In some cases, both a local and a state bond may be necessary. Read municipality requirements carefully to maintain compliance in your area.
Apply for Your Contractor Bond in Petal, MS
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.