Mississippi Contractor’s Bond – Southaven
Who needs a contractor license bond in Southaven, Mississippi?
Contractors working as plumbers, electricians, or mechanical contractors in Southaven must obtain a master license from the city. One requirement for receiving a master license is posting a $10,000 surety bond. In addition to the above-listed contractors, the following must also post this bond:
- Builders
- Sign contractors
- Fence contractors
- Pool contractors
Many contractors may also need permits for projects in Southaven, and the mayor and Board of Aldermen determine license application/renewal fees. You can find a complete list of contractor requirements in Chapter 5 of the Southaven Code of Ordinances.
Not sure how to start the bonding process? Call ZipBonds at (888) 435-4191 to speak with one of our agents. You can also check out our page on contractor license bonds in Mississippi for state-specific information.
Get Your Southaven Contractor License Bond:
How does a contractor license bond work?
A contractor license bond holds contractors responsible to fulfill all obligations of their proposed work and follow the standards and regulations of the obligee (City of Southaven). Clients can file a claim for damages if a contractor’s work is faulty or insufficient. The surety initially pays out approved claims, but contractors are ultimately responsible for paying them back in full.
ZipBonds often issues contractor license bonds instantly for as low as $100 per year.
Frequently Asked Questions
When do I need to renew my bond?
The $10,000 bond in Southaven expires annually on December 31. Renew your bond by this date and keep your license current to remain in good standing with the city. If you don’t need your bond for an entire year, you have a prorate option.
Will I need multiple license bonds?
Typically, you’ll only need one contractor license bond to operate your business legally. However, there may be some instances where you need both local and state bonds. Read your municipality’s requirements carefully to ensure you’re following all laws and regulations.
Apply for Your Contractor Bond in Southaven, MS
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
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.