What’s a Contractor License Bond?
A Contractor License Bond is required by the state in order to obtain your Arizona contractor license. The bond is in place to protect private owners, commercial, subcontractors and/or suppliers. In the event that a job is not done pursuant to the contract and/or subcontractors and suppliers are not paid, they may make a claim on the contractor license surety bond. The surety will investigate and either pay or deny the claim. If a surety bond pays out, the contractor is responsible for all losses incurred. Its important to have a surety bond agent that understands all of the State requirements to ensure you get your license.
You may also end up needing a tax bond, which guarantees the state that you’ll pay the government whatever sales tax you owe. We’ll be happy to write this for you as well, so that your small business is ready to take off.
Contact us to get started on your bond. We write them for contractors throughout Phoenix, Tuscon, Mesa, Chandler, Gilbert, Glendale, Scottsdale, Tempe, Peoria, Surprise, Yuma, Flagstaff and all other parts of Arizona.