Unlike other states, North Carolina doesn’t have a statewide bond requirement for all contractors. Instead, there are several cities and license classifications that require these bonds. Contractor License Surety Bonds act as protection to the city/county/state or any individual conducting business with the contractor. If the contractor doesn’t follow all applicable rules and regulations, or doesn’t adhere to the terms of the contract, a claim may be filed against the bond. All monies paid out by the surety company must be reimbursed by the principal (contractor).
Below is a list of the most common North Carolina contractor license bonds:
City of Greensboro
- Electrical
- Plumbing
- Heating
- Air Conditioning
- Mechanical
- Refrigeration
- HVAC
- Concrete
City of Winston-Salem
- Street, Bridge and Sidewalk
- Electrical
- Heating
Statewide
- Electrical Contractors
- Landscape Contractors
Bond amounts vary, and it is always best to contact your specific municipality or licensing department to verify requirements and bond amounts prior to bonding.
Pacific Surety offers industry low rates and can obtain approvals for almost all credit situations. Once our simple application has been completed, we can have pricing to you within hours. If you have any specific questions, please contact our knowledgeable underwriting staff.