A contractor license bond is a very important type of surety bond that actually serves a purpose with three different parties involved in a contractor project. This contractor’s license bond not only helps you as the contractor, but helps others who could be involved and affected by unethical or costly business decisions.
Contractor’s license bonds legally protect the following three parties: you, the contractor, the company who has hired you, and the state bond issuing agency. By getting the contractor license bond, you are ensuring that you will always provide ethical and professional services. Contractor bonding also protects the public in that you and the company that hired you are indicating that you will provide professional services that will do no harm to them. Should someone be negatively affected by an unethical decision made, then they can file against the bond for financial recompense.
The majority of the contractor bonds available in New York can be instantly issued, meaning there is no credit check required. However, several of the riskier bonds are credit-based, which mandate the submission of your credit report for review.
Click on the START MY APPLICATION button above to begin our online application process. Completing our application allows the underwriters at our office to provide you with a specific quote for the exact bond you need. If you do not see your bond listed in the “Select Bond Type” drop down menu, simply select the “Other/Not Sure” option and make sure to include a copy of the bond requirement paperwork. After you submit your application, we will respond and get the process going immediately!
We know the surety bond requirements for New York State and are happy to answer any questions you may have. Feel free to call us at 888.681.7685, email us directly at [email protected], or fill out the form below and we’ll get right back to you! We look forward to the opportunity to earn your business!