What is a Montana contractor license bond?
Montana uses a “construction contractor” license to ensure all working within the construction industry follow state rules and regulations. Defined by the Montana Department of Labor and Industry, this includes “anyone who adds to or takes away from a structure, project, development, or improvement attached to real estate.”
Montana contractor license bonds include a special focus on the Montana Workers’ Compensation (WC) Act, a series of specialty provisions for those employed in the state. If a contractor fails to comply with the law, someone may file a claim. The surety would then take immediate responsibility for the incident and mediate a solution.
Learn more about how contractor license bonds work in our complete guide.
Get Your Montana Contractor License Bond:
Montana Contractor License Bond Requirements
Requirements vary by trade. For example, the state requires water well contractors to become licensed by the Montana Board of Water Well Contractors. Individual contractors may need to secure a $4,000 bond, and contracting companies may need a $10,000 bond.
Requirements can also vary by location. Several municipalities require Montana contractor license bonds. A local example is the City of Missoula:
- Gas fitting contractors must secure a $3,000 bond.
- Sidewalk, curb, and paving contractors need a $10,000 bond.
- Excavation contractors must post a $20,000 bond.
If you plan to operate your business in Montana, you may need a surety bond first. A bond costs a fraction of the required bond amount (penal sum). You may pay as little as 1-3% if you have good credit. Check with your governing organization or contact ZipBonds directly for more location-specific information.
Get Your Contractor License Bond in Montana
ZipBonds is 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.