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What is an Oregon Residential Contractor License Bond?
Residential contractors operating in the state of Oregon cannot provide services without first obtaining a license. This requirement is to ensure that these contractors are engaging in ethical business practices and maintain financial security for enforcement purposes. To be eligible for licensure, commercial contractors must have an active surety bond on file with the CCB.
Do you need a bond for your business?
Swiftbonds is the best place to get an Oregon Residential Contractor License Bond. We offer fast and easy bonding services at competitive rates with no hidden fees or costs. Get bonded today!
A Oregon Residential Contractor License Bond from Swiftbonds will help protect your company's assets and ensure that you can maintain operations in case of unforeseen events such as lawsuits or bankruptcy. Contact us now to learn more about our process and how we can help you!
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Why is the Oregon Residential Contractor License 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. Read a Oregon Landscape Contractor Bond ($3,000).
How does an Oregon Residential Contractor License Bond work?
Getting a Oregon Residential Contractor License 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. Get a Oregon Landscape Contractor Bond ($10,000).
How much does a Oregon Residential Contractor License Bond cost?
Oregon Residential Contractor License 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.
Can I get an Oregon Residential Contractor License 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. Find a Oregon Statutory Public Works Bond ($30,000).
How to get your Oregon Residential Contractor License Bond?
Would you like to know the first step in getting your Oregon Residential Contractor License 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. Have a Oregon Commercial Contractor License Bond.