South Carolina Contractor License Bond

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General contractor with a license bond in South Carolina

What is a South Carolina contractor license bond?

In South Carolina, the state government mandates many contractor licensing requirements. Applicants for a general, mechanical, residential builder, or residential specialty contractor license must apply through the state. These contractors are also required to post a contractor license bond. The Department of Labor, Licensing, and Regulation (LLR) handles licensing at the state level.

If you work in South Carolina, you may also have local requirements in some jurisdictions. Columbia, Forest Acres, North Augusta, Richland County, and Rock Hill require contractor bonds. For complete information, contact the jurisdiction where you plan to work. 

How does a contractor license bond work?

A South Carolina contractor license bond helps protect clients and the state when engaging in business with a licensed contractor. If work is incomplete or performed improperly, customers can make a claim against a contractor’s bond.

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

Get Your South Carolina Contractor License Bond:

South Carolina Contractor License Bond Amounts and Costs

State Bond Requirements

The bond amount required depends on the job contract limit, outlined below by contractor type:

General Contractors

  • Group 1 – $20,000 bond amount
  • Group 2 – $80,000
  • Group 3 – $200,000 
  • Group 4 – $350,000 
  • Group 5 – $500,000

Mechanical Contractors 

  • Group 1 – $7,000 
  • Group 2 – $20,000 
  • Group 3 – $40,000 
  • Group 4 – $80,000 
  • Group 5 – $400,000

Residential Contractors 

  • Registered residential specialty contractor – $5,000
  • Licensed residential specialty contractor (HVAC, plumber, or electrician) – $10,000
  • Residential builder – $15,000

These are the contractor types handled by the states. Other contractor types should check with local municipalities for complete information on licensing and bonding requirements. 

License Bond Costs

To obtain a contractor license bond, applicants must pay a small percentage of the bond amount, known as a premium. The rate typically ranges from 1%-10%, depending on personal credit score. Here are the other factors an underwriter may consider:

  • Financial statements (personal and business) 
  • Fixed and liquid assets
  • Experience in the industry

Generally, a higher credit score will lead to a smaller percentage for the premium. Those with poor credit may still be able to get bonded for a higher premium rate (due to the increased financial risk). 

Get Your Contractor License Bond in South Carolina

ZipBonds is 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.



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