North Hempstead Contractor License Bond
Who needs a contractor license bond in North Hempstead?
All sign contractors working in North Hempstead must be licensed through the Building Department and post a $10,000 surety bond. Sign contractors must also provide the following:
- A completed license application
- A license fee (determined by the Town Board, according to the case)
- Worker’s compensation insurance
- Proof of commercial general liability insurance (with the Town of North Hempstead listed as a certificate holder)
- A permit, if needed
The city lists complete contractor requirements, and you can find bond information for sign contractors in Article XXI of the municipal code.
Reach out to ZipBonds with any questions by calling (888) 435-4191. We’d be happy to walk you through the entire bonding process! You can also check out our page on New York contractor bonds for state-specific information.
Get Your North Hempstead Contractor Bond:
How do contractor bonds work?
A contractor license bond gives clients assurance that they’ll receive quality work from contractors. By signing the bond agreement, contractors promise to work according to the standards and regulations of the obligee (Town of North Hempstead).
Clients can file a claim for compensation if a contractor breaks their signed agreement. The surety will initially pay out approved claims to clients, but contractors must pay back all approved claims against them over time.
You’ll pay a premium to acquire your bond, which is a percentage of the penal sum. ZipBonds can often process contractor bonds instantly for as little as $100 a year.
Frequently Asked Questions
How long will my bond last?
Bonds typically require annual renewal and often expire on December 31. Your specific bond renewal deadline will be listed on the bond form.
What if a claim exceeds my bond amount?
The bond amount is the maximum amount a claimant can receive for an approved claim. Injured parties may seek other means of compensation if a claim goes above the bond amount. As a contractor, the best policy is to avoid claims altogether by completing quality work promptly.
Apply for Your Contractor License Bond in North Hempstead, NY
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
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.