Who needs a contractor license bond in Neosho, Missouri?
All contractors and subcontractors in Neosho must obtain a city contractor’s license and $10,000 permit bond. A certificate of insurance with the following minimums is also required:
- $25,000 bodily injury
- $25,000 property damage
The license fee is dependent on your company’s gross sales per year, as listed on the contractor information page.
Need help? Call ZipBonds at (888) 435-4191 and an agent will be happy to assist you with the bonding process. You can also check out our page on contractor license bonds in Missouri for state-specific information.
Get Your Neosho Contractor License Bond:
How does a contractor license bond work?
A contractor license bond ensures that contractors fulfill all obligations to their clients. By signing the bond, contractors agree to follow the standards and regulations of the obligee (City of Neosho).
Clients can file a claim for damages if a contractor breaks their bond agreement. The surety will cover valid claims upfront, but contractors are ultimately responsible for paying the surety back in full for all claim-associated costs, up to the bond limit.
To acquire your bond, you will pay a premium (a small percentage of the penal sum). ZipBonds can issue many contractor bonds instantly, with premiums starting at just $100.
Frequently Asked Questions
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.
License bonds typically have one-year terms and must be renewed before they expire. The renewal date will be listed on your bond form.
Apply for Your Contractor Bond in Neosho, 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.