Surety Bonds
How Much Does a Contractor License Bond Cost?
Most contractors with good credit pay $100–$300/year for a standard $10,000–$25,000 license bond. Rates are 1–3% of bond amount annually.
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How much does a contractor license bond cost?
License bond cost depends on the bond amount required by your state and your credit score. A $10,000 bond at 1% = $100/year. A $25,000 bond at 2% = $500/year. These are among the most affordable compliance costs a licensed contractor faces.
With credit below 600, rates jump to 5–15% — a $10,000 bond could cost $500–$1,500/year in specialty markets. Still obtainable, just more expensive.
License bonds renew annually. Trade Safe handles the renewal process and sends reminders so your bond never lapses — which would automatically suspend your license in most states.
Need a surety bond fast?
Trade Safe helps contractors get bonded same-day in most cases. We work with multiple surety markets to find the best rate for your situation.