What is a West Virginia contractor license bond?
Contractors that secure a West Virginia contractor license bond agree to complete work to industry standards, following all rules and regulations in the state. If a contractor breaks the law, the surety bond helps protect parties that may suffer harm or experience devastating financial effects. West Virginia contractor license bonds ensure all parties affected by incomplete or incompetent work receive compensation.
Learn more about how contractor license bonds work in our complete guide.
Get Your West Virginia Contractor License Bond:
West Virginia Contractor License Bond Requirements
Requirements for Various Contractors
While West Virginia doesn’t have a statewide licensing (and bonding) requirement for all contractors, various municipalities across the state may. Professionals that may need to undergo local licensing in West Virginia include home remodeling, electrical, plumbing, excavation, and landscaping contractors. Generally, contractor license bond requirements range from $1,000 to $10,000.
Requirements for General Building Contractors
General building contractors also have licensing and bonding requirements in WV. Here’s how the State of West Virginia defines a general building contractor:
- A person whose principal business is in connection with any structures built, being built or to be built for the support, shelter, and enclosure of persons, animals, chattels, or movable property of any kind, requiring in the construction the use of more than two contractor classifications
- Or a person who supervises the whole or any part of the construction
West Virginia regulates contractors and construction-related companies much like many other businesses in the state. The first step to getting your contractor’s license is registering your business with the West Virginia State Tax Department and the West Virginia Secretary of State.
You may also want to secure a wage bond – according to the West Virginia Division of Labor – to protect your business and clients. A wage bond is 115% of the payroll amount during your maximum capacity or highest production point. For example, if your payroll during maximum capacity is $10,000, you will add 15%, or $1,500, for a total bond amount of $11,500.
Contractor license bonds may also be required, depending on city and county laws.
Get Your Contractor License Bond in West Virginia
ZipBonds is 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.