Get An Instant Quote on Palm Beach County, FL-Residential Contractor ($20,000) Bond Now
What is a Residential Contractor Bond?
The Residential Contractor Bond is a manifestation of one's willingness to abide by all the rules and policies mandated by state laws. It also offers an indisputable assurance that any tax obligations due to the government will be met and complied with, thus protecting both you as contractor or developer from possible fraud charges down the line.
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Why do you need a Residential Contractor Bond?
A Residential Contractor Bond is a contract between you and the state to guarantee that your business will not violate any laws. You need it because running a construction company requires trustworthiness, honesty, and integrity in order for them to be successful. Find a Florida Hunting and Fishing License Agent ($1,000) Bond.
What is a Residential Contractor?
Residential contractors are the backbone of construction projects. Residential contractors build and renovate homes or manage such projects from start to finish, securing permits, supervising labor and enlisting specialized subcontractors like plumbers and electricians along the way.
Why is the Residential 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. Here's Palm Beach County, FL-Electrical Contractor ($10,000) Bond.
How does Residential Contractor Bond work?
Getting a Residential 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 Residential Contractor Bond cost?
Residential 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. Read a Palm Beach County, FL-Demolition Contractor ($10,000) Bond.
Can I get a Residential 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 Residential Contractor Bond Bond?
Would you like to know the first step in getting your Residential 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. View a Palm Beach County, FL-Carpentry Contractor ($10,000) Bond.