Who needs a contractor license bond in Austin, Texas?
Right-of-way contractors in Austin must post a $10,000 surety bond if engaged in the following work:
- Temporary storage devices/PODs
These contractors must also provide the following:
- A right-of-way permit
- A license
- The license fee payment of $50
- If working in parking or temporary storage devices, insurance with a minimum limit of $500,000
Complete details of right-of-way contractor requirements are provided by the City of Austin.
Need to purchase or renew your bond ASAP? Give us a call at (888) 435-4191, and we’ll help you get bonded in a zip! You can also check out our page on Texas contractor license bonds for state-specific information.
Get Your Austin Contractor License Bond:
How do contractor bonds work?
A contractor license bond guarantees clients that their hired contractors will follow local licensing laws and industry regulations – set by the obligee (e.g., the City of Austin). If a contractor breaks their bond contract, the party that suffers damages can file a claim. If the claim is legitimate, the surety will pay out the damages upfront. However, contractors must pay back all approved claims – up to the total bond amount – plus additional fees and interest.
To get your bond, you’ll pay a small percentage of the bond amount, called a premium. ZipBonds can get many contractors bonded instantly, and premiums begin at just $100!
Frequently Asked Questions
A contractor bond typically lasts for one calendar year and must be renewed to remain active. The annual bond renewal deadline will be listed on your bond form.
The bond limit (penal sum) is the maximum dollar amount a client can receive by filing a claim against your contractor bond. If damages exceed that sum, clients may seek other forms of compensation. As a contractor, you can typically avoid allegations by responding to client complaints quickly and respectfully and finishing work on time.
Apply for Your Contractor Bond in Austin, TX
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email email@example.com 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.