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What is a MD Home Improvement Contractor Bond?
Licensed home improvement contractors must post surety bonds to ensure compliance with state regulations and guidelines. The surety bond protects damaged parties in the event of an unethical practice or violation, ensuring that everyone gets their property back!
Know MD Home improvement contractors who need a $100,000 bond?
A Home Improvement Contractor Bond protects consumers from financial loss if a contractor fails to complete the job or does a poor job.
Get the peace of mind you need knowing that your customers are protected with our $100,000 bond.
You can apply online for instant quote/instant approval or contact one of our agents for more information at [email protected] or call (979) 314-2999
Why is the Maryland Home Improvement Contractor Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence.
How does a Maryland Home Improvement Contractor Bond work?
Getting a Maryland Home Improvement Contractor Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied.
How much does a Maryland Home Improvement Contractor Bond cost?
Maryland Home Improvement Contractor Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes but there are no financials needed for this bond. You can get an instant quote by clicking the big blue button above.
Can I get a Maryland Home Improvement Contractor Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds.
How to get your Maryland Home Improvement Contractor Bond?
Would you like to know the first step in getting your Maryland Home Improvement Contractor Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying.