New York · All bond types
New York Contractor Bonds
Choose the bond New York or your project requires. License, bid, performance, payment, and maintenance bonds, all started online.
Fast approvals and straightforward guidance.
— Josh A., Los Angeles, CA
Fast bonds for contractors
Answer within 1 business day on bonds up to $1,000,000
No financials needed on the bonds most contractors buy.
Up to $1,000,000
- Credit check
- Answer within 1 business day
- No financials required
$1,000,000 or more
- Soft credit check
- Financials required
License bond in New York
Required by New York or your city before you can get or renew a contractor license.
Project bonds in New York
Tied to a specific bid or contract. Your bid documents say which ones you need.
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 up to $1,000,000 get an answer within 1 business day.
Will I need a credit check?
Yes. Bonds up to $1,000,000 need a credit check and no financials, and you get an answer within 1 business day. Bonds of $1,000,000 or more need financials and a soft credit check.
Do I need financial statements?
Not for bonds up to $1,000,000. Those are decided on a credit check, with an answer within 1 business day. Bonds of $1,000,000 or more require financials and a soft credit check.
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.