Tupelo, Mississippi Contractor’s Bond
Who needs a contractor license bond in Tupelo, Mississippi?
Contractors in Tupelo must post a $10,000 surety bond to work in the city. A contractor’s application must also be submitted, and building permits are required for the following:
- Commercial construction
- Residential construction
- Land development/disturbance
- Installing signs
Unsure about your bonding requirements? Call us at (888) 435-4191 to speak with a ZipBonds agent. You can also check out our page on contractor license bonds in Mississippi for state-specific information.
Get Your Tupelo Contractor License Bond:
How does a contractor license bond work?
A contractor license bond guarantees contractors fulfill all obligations of their proposed work. Through the bond agreement, contractors must follow the standards and regulations of their obligee (City of Tupelo). Clients can file a claim for damages if a contractor’s work is faulty or insufficient. The surety company pays out approved claims, but contractors are ultimately responsible for paying back the claim – up to the full bond amount.
ZipBonds offers premiums as low as $100 for many contractor license bonds.
Frequently Asked Questions
When do I need to renew my bond?
Bonds generally last one year and then must be renewed to continue working in an area. The renewal date will be listed on your bond form. You must renew your bond before it expires and keep your license current to remain in good standing.
Will I need multiple license bonds?
The requirements dictated by your municipality usually include all you need to work in that area. In some cases, both a local and a state bond are required. Read municipality requirements carefully to ensure you follow all applicable regulations.
Apply for Your Contractor Bond in Tupelo, 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.