What is a Wyoming contractor license bond?
Contractors may need to obtain a bond as part of the licensing process in Wyoming. The type of bond and amount required can vary depending on the work. The following contractors may need to secure a surety bond to work in cities like Cheyenne, Gillette, and Sheridan, Wyoming:
- General contractors
- Building contractors
- Residential contractors
- Roofing contractors
- Plumbing contractors
- Demolition contractors
Bonding guarantees the public that they will receive compensation for damages if their contractor fails to comply with applicable licensing laws. A surety is an organization willing to take responsibility for incidents that may occur and mediate an immediate solution.
Wyoming contractor license bonds can also benefit contractors and their businesses. Getting bonded may ease the minds of other parties involved in various projects, so they’re more willing to work with you. It may also protect you – the contractor – from immediate financial repercussions.
Learn more about how contractor license bonds work in our complete guide.
Get Your Wyoming Contractor License Bond:
Wyoming Contractor License Bond Requirements
The Wyoming Secretary of State regulates contractors and construction-related companies much like many other businesses in the state. For non-resident contractors working in Wyoming, the Department of Revenue requires a tax bond. This bond ensures all sales are properly accounted for.
In addition to statewide requirements, various municipalities in Wyoming require contractor license bonds. Some locations generally define those working in construction as “contractors,” while others specify by trade. If you plan to work in any of the following areas, you may need to secure one or more surety bonds:
- Buffalo Contractor License Bond – Amount varies
- Gillette Contractor License Bond – $5,000
- Jackson Contractor License Bond – $10,000
- Lander Contractor License Bond – $2,000
- Sheridan Commercial Contractor License Bond – $25,000
- Sheridan Residential Contractor License Bond – $25,000
- Sheridan Plumbing/HVAC Contractor License Bond – $10,000
The cost of your bond will be a fraction of the total bond amount. Many contractors secure these bonds for as low as 1-3% of the bond amount. The better your credit score is, the lower your premium may be.
Verify your specific licensing and bonding requirements with your local governing entity or a trusted surety company like ZipBonds.
Get Your Contractor License Bond in Wyoming
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.