Philadelphia Contractor License Bonds
Who needs a contractor license bond in Philadelphia, PA?
Any business performing work in the following trades must obtain a contractor’s license in Philadelphia.
- Construction
- Demolition
- Repair
The following work requires a specialized license:
Each contractor must also provide the following:
- A contractor license bond if you’re a class A demolition contractor, class B demolition contractor, curb setter contractor, or excavation contractor
- General liability, automobile liability insurance, and worker’s compensation (varies by contractor type – see links above)
Call ZipBonds at (888) 435-4191 to get bonded as quickly as possible. You can also check out our page on Pennsylvania contractor license bonds for state-specific information.
Get Your Philadelphia Contractor Bond:
How do contractor bonds work?
A contractor license bond ensures that clients receive quality work from their hired contractors. By signing the bond, contractors agree to work by the standards and regulations of the obligee (City of Philadelphia).
Clients can file claims for damages that contractors cause by failing to follow their bond agreements. The surety will initially pay out an approved claim, but a contractor is responsible for repaying the surety in full – plus interest and fees.
You will pay a premium, a percentage of the penal sum, to acquire your bond. ZipBonds often issues contractor license bonds instantly, with premiums starting at just $100!
Frequently Asked Questions
How long will my bond cover my work?
Your initial bond will typically last for the calendar year you post it. You must then renew your bond for each consecutive year – for the duration of your project. Keep your bond updated to avoid fines and compliance issues in your location.
What if a claim exceeds my bond amount?
The bond amount is the maximum dollar amount a client can obtain directly from a contractor. If damages exceed that amount, clients may seek other methods of compensation.
As a contractor, you should avoid claims at all costs by working professionally and efficiently. Claims can damage your reputation and make it harder to get bonded again.
Apply for Your Contractor Bond in Philadelphia, PA
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.