Who needs a contractor license bond in Farmington, Missouri?
All contractors in Farmington, Missouri, must obtain a contractor license. The following contractors must also obtain a code compliance bond:
- General contractors
- Electrical contractors
- Plumbing contractors
- Mechanical contractors
The bond requirement is $10,000 for all commercial and industrial contractors listed above. Light commercial and residential contractors must post a $5,000 surety bond. Additional requirements are as follows:
- General liability insurance with a minimum $500,000 for personal injury and $500,000 for property damage
- Obtaining a testing certificate with Farmington or other approved communities
- Providing proof of workers’ compensation insurance or completing a waiver of exemption
Have questions? Call ZipBonds at (888) 435-4191 to speak directly with one of our agents. You can also check out our page on contractor license bonds in Missouri for state-specific information.
Get Your Farmington Contractor License Bond:
How does a contractor license bond work?
A contractor license bond ensures that contractors fulfill all obligations to their clients. If a contractor breaks their bond contract, clients can file a claim on the bond for compensation. If the claim is valid, the surety will step in to settle the claim upfront. The contractor must later repay the surety in full.
ZipBonds often issues contractor bonds instantly for as low as $100 a year.
Frequently Asked Questions
License bonds typically have one-year terms and must be renewed before they expire. The renewal date will be listed on your bond form.
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 Farmington, MO
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.