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LICENSE & BID BONDS

WHAT IS THE PROCESS TO OBTAIN A CONTRACTOR BOND?

To start the process you need to apply. Your agent will usually have an approval for you anywhere from that same day to 4 business days. This could be for Bonds such as Contractor Bid Bonds, Contractor Performance Bonds, Contractor Completion Bonds or the like. You will then be given your premium cost and an agreement between you and the Bonding company. The Bond is then issued 1-2 business days from receipt of payment and the agreement (original agreement is often required).

 

WHAT IS THE PROCESS TO OBTAIN A CONTRACTOR LICENSE BOND OR ARTISAN CONTRACTOR LICENSE BOND?

To start the process you need to contact your agent. Your agent will usually have an approval and premium quote for you anywhere from immediate or up to 3 business days according to your credit. The Contractor License Bond is then issued anywhere from the same day to 1-2 business days from receipt of payment and the agreement (original agreement is often required).

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