Who needs a contractor bond in Sherman, Texas?
Roofing contractors in Sherman must post a $20,000 surety bond as part of the registration process. All contractors in the city must also:
Need help? Just pick up the phone and call us at (888) 435-4191. You can also check out our page on Texas contractor license bonds for state-specific information.
Get Your Sherman Contractor Bond:
How do contractor bonds work?
A contractor license bond holds contractors accountable to local or state laws and regulations and client contracts. Clients can file a claim for damages if a contractor fails to follow any of the bond stipulations.
The surety will initially pay out damages to clients if a claim receives approval. However, contractors must ultimately pay back approved claims against them up to the total bond amount.
You’ll pay a premium, a percentage of the penal sum, to acquire your bond. ZipBonds often issues contractor license bonds instantly for as little as $100 per year. Call us to get bonded in a flash!
Frequently Asked Questions
Your bond term is typically one year (two, in some cases). You must renew your bond to continue working on a project or in an area. The bond renewal date is set for the same day annually (often December 31). Your bond expiration date will be listed on your bond form.
The bond limit, also called the penal sum, is the maximum amount the bondholder is obligated to pay a claimant. If damages exceed this amount, claimants may seek other forms of reimbursement.
The bonded party should avoid claims at all costs by addressing client complaints immediately and respectfully and finishing work on time.
Apply for Your Contractor Bond in Sherman, 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.