Greensboro Contractor License Bond
Who needs a contractor license bond in Greensboro, NC?
Contractors working in Greensboro, North Carolina, must obtain a state license and file a surety bond with the city. The following contractors need a $2,000 bond:
The following contractors must post a $5,000 bond:
Contractors must also submit a permit with the City of Greensboro (applications linked above). Electrical contractors are required to pass an examination to obtain their journeyman card.
Need help getting started? Call ZipBonds at (888) 435-4191, and an agent will be more than happy to assist you in the bonding process. For statewide information, visit our page on contractor license bonds in North Carolina.
Get Your Greensboro Contractor License Bond:
How does a contractor license bond work?
A contractor license bond ensures that contractors fulfill all their obligations to clients. By signing the bond, contractors agree to follow the standards and regulations of the obligee (City of Greensboro).
Clients can file a claim for damages if a contractor’s work fails to meet any part of the bond agreement. The surety initially pays out approved claims, but contractors must ultimately pay back these claims in full, up to the total bond amount.
To acquire your bond, you’ll pay a premium – a small percentage of the penal sum. ZipBonds frequently issues these bonds instantly for just $100.
Frequently Asked Questions
When do I need to renew my bond?
License bonds typically run on one-year terms. Your specific renewal date is listed on the bond form. The bond, license, and permit (where applicable) must remain up to date for you to stay in good standing.
Will I need multiple contractor license bonds?
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 Greensboro, North Carolina
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.