Contractor License, Permit & Performance Bonds
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As a small business owner, satisfying all of the state and municipal licensing requirements can often feel like a daunting task. You need a partner who can help you navigate these challenges so you can focus on your business. NFP can make securing your license and permit bonds easy.
In many jurisdictions, contractors are required by government agencies to hold permit and/or license bonds as a protection for the government and for consumers. Each bond satisfies a specific regulation and is often industry specific. The language in the bond lays out the specific obligations you, as a contractor, are bound to.
You are the expert in your industry — let NFP help you secure the bid bond, permit and contractor license bond you need to stay compliant.
Helping You Meet State Requirements
- Contractor license bonds protect consumers against fraud, incompetence, poor workmanship and noncompliance with other governmental regulations.
- Before a business can go into operation, one of these bonds may be required to guarantee professional conduct.
- If a business is required to have a contractor license bond and fails to do so, they could face financial penalties or other penalties.
Connect with us to learn more about which contractor license bond, bid bond or permit bond your business needs.
Apply Today
As a small business owner, satisfying all of the state and municipal licensing requirements can often feel like a daunting task. You need a partner who can help you navigate these challenges so you can focus on your business. NFP can make securing your license and permit bonds easy.
In many jurisdictions, contractors are required by government agencies to hold permit and/or license bonds as a protection for the government and for consumers. Each bond satisfies a specific regulation and is often industry specific. The language in the bond lays out the specific obligations you, as a contractor, are bound to.
You are the expert in your industry — let NFP help you secure the bid bond, permit and contractor license bond you need to stay compliant.
Helping You Meet State Requirements
- Contractor license bonds protect consumers against fraud, incompetence, poor workmanship and noncompliance with other governmental regulations.
- Before a business can go into operation, one of these bonds may be required to guarantee professional conduct.
- If a business is required to have a contractor license bond and fails to do so, they could face financial penalties or other penalties.
Connect with us to learn more about which contractor license bond, bid bond or permit bond your business needs.
Frequently Asked Questions
There are a few factors that affect the total bond amount, namely the size of a business operation and the state of application, but the actual cost to a business owner of a license and permit bond will always be only a small percentage of the total bond amount.
There are many different types of these bonds available for purchase since each type can only cover a specific industry. In some cases, the nature of the industry itself requires that the purchaser be licensed to operate in all 50 states, whereas other types of businesses are more local and therefore require only a local or state permit.
All business owners and contractors seeking to acquire their necessary license bond should consider contacting NFP, the nation's largest and most reliable surety company in this country. Authorized to issue all bond types in each of the 50 states, we can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.