Contractor License Surety Bonds are issued to guarantee that a contractor will operate their business in compliance with the regulations detailed in their license.
These license and permit surety bonds serve as protection for the general public against unlawful actions and fraudulent agreements of service at the hands of their contractor. They also guarantee that the contractor will provide ethical and professional services at no harm or expense to their customers, in accordance with all applicable laws and regulations. Those who hire contractors that have been granted a Contractor License Surety Bond are assured that they have fully committed to the project’s completion as it has been agreed upon. Clients of a bonded contractor could also be protected against financial loss incurred if the project does not proceed as initially planned. If clients are dissatisfied with the services provided, they may file a claim against this surety bond for financial compensation.