What is the South Carolina Registered Residential Specialty Contractor Bond?
The South Carolina Registered Residential Specialty Contractor Bond is a surety bond required by the South Carolina Residential Builders Commission that protects the public from damage or harm caused by registered residential contractors.
The Registered Residential Specialty Contractor Bond protects the public by allowing individuals injured by a registered contractor to file a claim on the contractor’s bond. If the surety company finds the claim valid, they will compensate the individual up to the bond amount. The contractor is responsible for reimbursing the surety for any claims paid out, plus additional fees and expenses incurred.
Who has to get this bond?
Registered residential specialty contractors in the state of South Carolina undertaking projects that cost $5,000 or more will need to secure a $5,000 surety bond. This contractor license bond is one of the licensing requirements to earn your Residential Specialty Registration.
The South Carolina Registered Residential Specialty Contractor Bond is not to be confused with the below bonds:
Before purchasing your bond, make sure to know which one you need. For more help, this article discusses all three bonds mentioned here.
How much does this bond cost?
The registered specialty contractor bond requires a $5,000 bond amount. Fortunately, this is not the amount you must pay for your bond. At EZ Surety Bonds, you can purchase this bond online for a one-year term for only $100, without the need for a credit check.
Obligee information
The obligee, which is the entity that requires you to get a bond, for the registered specialty contractor bond is the South Carolina Residential Builders Commission. You can contact them using the information below:
South Carolina Department of Labor, Licensing and Regulation
South Carolina Residential Builders Commission
110 Centerview Dr.
Columbia, SC 29210
Phone: (803) 896-4696
Email: contact.rbc@llr.sc.gov
How to get your South Carolina Registered Residential Specialty Contractor Bond
No matter what bond you need, the application process with EZ Surety Bonds is quick, easy, and free. To get your registered specialty contractor bond, simply fill out the short application, pay for your bond, and once you receive your bond in the mail, you can file it with the obligee.
If you have more questions, contact our surety experts at info@ezsuretybonds.com or by calling 1-866-546-4605.
Frequently asked questions
How to become a Registered Residential Specialty Contractor in South Carolina?
Acquiring your residential specialty contractor license in South Carolina is simple. To become a registered specialty contractor, you must:
- Complete and submit your Registration Application.
- Submit your application fee. Registrations issued less than 12 months before the next renewal date are subject to a $50 fee, and registrations issued more than 12 months before the next renewal date are subject to a $100 fee.
- Submit an affidavit of eligibility.
- For work exceeding $5,000, obtain a Registered Residential Specialty Contractor Bond.
Residential specialty licenses expire on the 30th of June of odd-numbered years, and you can easily renew them online. For detailed instructions on how to complete your application, read this.
How much is a Registered Residential Specialty Contractor Bond in South Carolina?
Residential specialty contractors in South Carolina are required to post a bond of $5,000, which you can purchase annually for $100. Just fill out the quick application on our site to get your bond today.
I purchased my South Carolina Registered Residential Specialty Contractor Bond—what’s next?
Once you’ve purchased your bond, we mail the original bond to you since most obligees require you to file the original document. Some obligees require you (the principal) to sign the original bond before you mail it to them. However, because filing requirements vary by bond and state, make sure to double-check your obligee’s filing requirements before signing the bond or shipping it to the obligee.
