To become a landscape, irrigation, electrical, or general contractor in the state of North Carolina, you must first obtain what's known as a North Carolina contractor license bond. A contractor license bond serves as a kind of monetary guarantee that contractors will act in compliance with local building codes, regulations, and standards and complete jobs in a manner that's both acceptable and ethical. Should a licensed and bonded contractor fail to complete a job, or if other problems arise in a project, consumers can file a claim against the bond. Because of this protection, consumers have more confidence when hiring a licensed and bonded contractor.
To legally work as a contractor in North Carolina, you need to obtain the appropriate contractor license and bond. While the process for obtaining proper licensure may vary depending on the county and contract work you're doing, you will need to meet a number of requirements. Some requirements you may face include the following.
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The exact cost of a North Carolina contractor license bond premium will vary depending on the applicant's credit score. For example, a well-qualified applicant with strong financial credentials may qualify to pay as little as 1% of the required bond amount. This means a well-qualified applicant applying for a $500,000 bond may only have to pay $500 for their bond. Additionally, costs may vary if your city requires any underwriting. Contact the experienced surety agents with The ProSure Group today to request a free North Carolina contractor license bond quote!
Yes, depending on the contractor license you apply for, a different bond amount will be required. Typically, to be licensed as a general, electrical, irrigation, or landscape contractor in North Carolina, you must obtain a bond in one of the following amounts.
Anyone legally required by state or local regulations to obtain a contractor license is also required to obtain a contractor license bond. For example, general contractors are legally required to obtain a license when working on projects worth more than $30,000 over a twelve-month period. If you're unsure whether your project requires proper licensing, contact your state licensing board or local regulatory agency.
Yes. Your North Carolina contractor license bonds must be active as long as you continue to perform work as a licensed contractor. Any lapse in bond coverage would invalidate your contractor license and could subject you to strict penalties. Typically, contractor license bonds remain active for twelve months, and licensed contractors will receive a notice from their surety that the renewal deadline is approaching. When renewing their contractor license bond, contractors submit to a new credit check and provide updated information about their business.
Contact The ProSure Group! With over 20 years of experience as trusted surety bond experts, The ProSure Group has issued thousands of contractor license bonds and has partnerships with over 30 different surety companies. Our goal is to get you the best, most competitive prices and terms available on the market. Please complete our simple application, and one of our specialists will get in touch with you as soon as possible.
| Type | Bond | Obligee | Bond Amount |
|---|
| License | North Carolina Contractor Bond for Work in Public Streets | State of North Carolina
|
Varies | Get Bonded Now |
| License | North Carolina Greensboro Contractor Bond Demolition, Grading, House Moving | City of Greensboro
|
$5,000 | Get Bonded Now |
| License | North Carolina Greensboro Contractor Bond Electrical, Plumbing, Heating, Air Conditioning, Mechanical, Refrigeration, HVAC, Concrete | City of Greensboro
|
$2,000 | Get Bonded Now |
| License | North Carolina Irrigation Contractor Bond | The North Carolina Irrigation Contractors Licensing Board
|
$10,000 | Get Bonded Now |
| License | North Carolina Landscape Contractor Bond | The North Carolina Landscape Contractors' Licensing Board
|
$10,000 | Get Bonded Now |
| License | North Carolina Statement of Bonding Ability Intermediate Electrical Contractor | State of North Carolina
|
$50,000 | Get Bonded Now |
| License | North Carolina Statement of Bonding Ability Unlimited Electrical Contractor | State of North Carolina
|
$130,000 | Get Bonded Now |
| License | North Carolina Winston-Salem Contractor Bond Street, Bridge, and Sidewalk | City of Winston-Salem
|
$20,000 | Get Bonded Now |
| License | North Carolina Winston-Salem Contractor Bond Electrical | City of Winston-Salem
|
$2,500 | Get Bonded Now |
| License | North Carolina Winston-Salem Contractor Bond Heating | City of Winston-Salem
|
$2,500 | Get Bonded Now |