Who needs a contractor license bond in Franklin Lakes, New Jersey?
Contractors working in the Borough of Franklin Lakes must post a $30,000 contractor license bond. Franklin Lakes also requires permits and/or licenses of several contractors, listed on the Forms/Applications page of the borough website.
Need help? Give ZipBonds a call at (888) 435-4191 and one of our agents will gladly assist you in the bonding process. You can also check out our page on contractor license bonds in New Jersey for state-specific information.
Get Your Franklin Lakes Contractor License Bond:
How does a contractor license bond work?
By signing the bond agreement, contractors state that they will abide by all standards and regulations of the obligee (Borough of Franklin Lakes). If a contractor breaks their bond contract, clients can file a claim for damages.
The surety will pay out approved claims upfront, but contractors must ultimately pay back these claims in full, up to the total bond amount.
Frequently Asked Questions
Contractor license bonds often have one-year terms. The renewal date for your bond will be listed on the bond form. You must renew your bond before the expiration date and keep your license up to date to remain in good standing.
Often, only one bond is necessary. However, there are some cases where multiple bonds (such as a local and state bond) may be required. Ensure you understand your municipality’s requirements before getting bonded and starting work.
Apply for Your Contractor Bond in Franklin Lakes, NJ
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email email@example.com 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.