All bond types
Contractor Bonds
Get licensed, win projects, and get paid. Choose the bond your state or project requires.
License bonds
Required to get or keep a contractor license.
Project bonds
Tied to a specific bid or contract. Reviewed by an underwriter.
Bid Bond
Guarantees your bid. If you win and walk away, the owner is paid the difference.
Performance Bond
Guarantees you will finish the project under the contract terms.
Payment Bond
Guarantees you will pay your subcontractors, laborers, and suppliers.
Maintenance Bond
Covers defects in materials or workmanship after the project is finished.
Contractor bonds FAQ
What are contractor bonds?
Contractor bonds are surety bonds required for licensing, bidding, public work, or project guarantees. They protect the public, project owners, and the people working on a job if a contractor does not meet required obligations.
Which contractor bond do I need?
A license bond is usually required by a state, city, or board before you can work. Bid, performance, payment, and maintenance bonds are tied to a specific project or contract, and the bid documents or contract say which ones you need.
How much do contractor bonds cost?
License bonds usually cost 1% to 10% of the bond amount per year. Performance bonds are generally 3% of the bond amount. Payment and maintenance bonds are usually included with the performance bond. Bid bonds are free.
Can I get a contractor license bond online the same day?
Yes. Most contractor license bonds are quoted and issued online the same day. Project bonds require underwriting and usually take one to three business days.
Will I need a credit check?
Credit affects your rate on most contractor bonds. License bonds are available to most applicants, and project bonds also weigh financials and experience.
Do contractor bonds protect my business?
No. A surety bond protects the party that requires it. If a valid claim is paid, the contractor is responsible for reimbursing the surety.