When you are a contractor, license bonds are an unavoidable part of your business. If you plan on having your license issued, renewed, reactivated, or maintained, then you are going to need a license bond.
License bonds are an agreement with a surety company that you will work according to certain regulations and adhere to contractor license laws.
Why Contractors Need License Bonds
A contractor bond protects you, the agency or company who has hired you, and the company who issued the bond. If you fail to meet the terms of your ...