Who needs a contractor license bond in Alamance County, North Carolina?
The following contractors need a state license to work in Alamance County, North Carolina:
All subcontractors in the above categories must also obtain a license, regardless of the project cost.
Bond requirements vary by license type and are also set at the state level in Alamance County.
- Limited general contractor: $175,000 bond
- Intermediate general contractor: $500,000 bond
- Unlimited general contractor: $1,000,000 bond
- Intermediate electrical license: $50,000 bond
- Unlimited general contractor license: $130,000 bond
Need help identifying your bond needs? Give ZipBonds a call at (888) 435-4191 and an agent will be happy to assist you.
Get Your Alamance County Contractor License Bond:
How does a contractor license bond work?
When signing the bond contract, contractors agree to abide by the standards and regulations of the obligee (Alamance County). If a contractor’s work fails to meet any part of the agreement, a client can file a claim for compensation. The surety initially pays approved claims, but contractors are ultimately responsible for paying back these claim costs in full.
ZipBonds can issue many contractor license bonds instantly – with premiums starting at just $100.
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, one license bond per contractor is required. However, there are some cases where multiple bonds will be necessary to fulfill local and state requirements. Read your municipality’s conditions carefully to ensure you remain compliant.
Apply for Your Contractor Bond in Alamance County, NC
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.