Who needs a contractor license bond in Rankin County, Mississippi?
All contractors working in Rankin County must show proof of a State of Mississippi State Board of Contractors license. Additionally, all commercial and residential construction general contractors must hold a master-level license and post a $5,000 performance bond.
Other requirements for general contractors and subcontractors include:
- Proving general liability insurance of at least $300,000 per occurrence and statutory workers compensation insurance
- Paying an annual registration fee of $25
Complete ordinances for contractors in Rankin County are listed on the county’s website.
If you need help identifying your bonding needs, call ZipBonds at (888) 435-4191 to speak with an agent. You can also check out our page on contractor license bonds in Mississippi for statewide information.
Get Your Rankin County Contractor License Bond:
How does a contractor license bond work?
A bond ensures that contractors fulfill all obligations of their proposed work and follow the standards and regulations of their obligee (Rankin County). Clients can file a claim for compensation if a contractor’s work is faulty or insufficient. The surety company initially pays out approved claims, but contractors are ultimately responsible for paying back the claim, up to the full bond amount.
ZipBonds offers contractor bond premiums starting as low as $100. Due to simple underwriting, we don’t require a credit check for these bonds and often issue them instantly.
Frequently Asked Questions
Bonds typically 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 Rankin County, 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.