New York Contractor License Bond

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Construction contractor with a license bond in New York

What is a New York contractor license bond?

Various types of contractors in New York must obtain contractor license bonds to operate legally in the state. For instance, home improvement specialists need a $20,000 bond, and plumbing and sewer contractors must be bonded in certain parts of the state. Contractors should check with local licensing authorities to determine if bonding is part of the licensing process. 

Contractor license bonds guarantee that contractors follow all licensing regulations while performing work. The bonds act as security for clients, ensuring projects are completed on time and meet quality standards.

Learn more about how contractor license bonds work in our complete guide.

Get Your New York Contractor License Bond:

New York Contractor License Bond Costs

Across different municipalities in the state, bonding amounts range from $2,000 to $25,000. Contractors will pay a premium to obtain these bonds, typically 1%-5% of the bond amount. For example, a $20,000 contractor license bond will pay a premium of $200-$1,000. 

The premium price is based on the following criteria:

  • Personal credit score of the applicant
  • Business financials
  • Assets and liquidity 
  • Experience in the industry

Those with a solid overall financial status (especially an excellent credit score) can expect to pay a lower bond premium. Those with poor credit or deficiencies in the above areas may pay a higher premium given the increased bonding risk.

Frequently Asked Questions

A bond’s active term will vary by type, but most contractor bonds expire in conjunction with their corresponding license. Cancellation clauses also vary by bond type. In New York, contact your local municipality for full details on license and bond terms.

A client may file a claim if they feel you are not completing a project according to your agreement or local/state guidelines. If their claim is valid, your bonding company may reimburse them for any losses they’ve suffered. Then you, as the contractor, must reimburse the surety. The easiest way to avoid costly claims is to perform high-quality work that meets the contract’s terms and abides by all regulations.

Get Your Contractor License Bond in New York

ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email or call 888.435.4191 to speak with an agent directly.



Founders Ryan Swalve and Zach Mefferd formed the vision for 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.