Residential contractors operating in South Carolina are required to maintain a license through the Residential Builders Commission. Part of the licensing process includes posting as surety bond, as required in Section 40-59-200 or 40-59-410(B)(2) of the Act. Bond amounts vary depending on license type:
- Residential Builder/Certificate of Authorization – $15,000 Surety Bond
- Residential Specialty Contractor (HVAC, plumber or electrician) – $10,000 Surety Bond
- Registered Residential Specialty Contractor – $5,000 Surety Bond
The bond must be issued in the individual applicant’s name, listed as the principal and not in a company or business name. Contractor licenses are eligible for renewal every two (2) years, before June 30.
Pacific Surety offers approvals for almost all credit situations. Whether you are a new or existing contractor, we can help! 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.
Surety Bond Name
Contractor License Surety Bonds – South Carolina