The North Dakota City of Fargo Sidewalk Builders Bond starts at $125 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The North Dakota City of Grand Forks Master Plumber Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The North Dakota Fargo - City Excavation Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The Florida 11th Judicial Circuit Court Process Server Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
The North Dakota West Fargo Contractor Bond starts at $100 plus shipping costs and fees. Fill out the form to buy your bond instantly!
Various cities, counties, and local authorities throughout the State of North Dakota require contractors to post surety bonds. Below are the set bond amounts for popular contractor bonds:
The surety company issuing the bond determines your premium rate, which is the percentage of the total bond amount you pay as the premium. During the application process, the surety company evaluates your personal credit, financial statements, industry experience, and licensing history.
EZ Surety can issue premiums for North Dakota contractor license bonds for as low as 1% of the total bond amount for applicants with standard credit. If your credit is below average, we can still offer a competitive rate for your contractors license bond.
Contractor license bonds hold licensed contractors accountable for the quality of their work and protect the public from damages they’ve incurred due to the contractor’s violation of licensing laws.
When the surety company issues the bond, they provide a financial guarantee to the local municipality that the contractor will comply with the regulations set forth in the contractor license. If the contractor violates these regulations, causing a loss to the consumer, the consumer can file a claim against the bond.
If the claim is valid, the surety company will cover the costs to repair the damage up to the amount of the bond. The contractor is then liable to reimburse the surety company for all damages paid.
To obtain your general contractor’s license in North Dakota you must meet the North Dakota Secretary of State licensing requirements by completing the following steps:
You’ll know if you need a surety bond because some entity will have required you to obtain one. They must also inform you of which specific bond type you’ll need. There are thousands of bonds across the country, all of which vary by state and industry.
Visit EZSuretyBonds.com to browse hundreds of bonds by state, type, or industry.
