SURETY BOND BLOG

Tag Archives: Contractor License Bond

Hurricane Sandy is estimated as one of the most costly hurricanes in US history; leaving hundreds of thousands of homes and businesses severely damaged due to flooding and gale force winds. The sad reality is that deceitful contractors will take advantage of disasters like this to scam the victims. There will no doubt be a read more »

New surety legislation was enacted concerning Minnesota plumbers. The new law is named SB 2 and modifies the surety bond requirements for plumbers; the previous legislation required all licensed contractors who perform plumbing work to acquire a $25,000 surety bond. The new law changes the requirement to pertain to all individuals who perform plumbing in read more »

The state of Florida has proposed a new rule for electrical contractors. The Florida Department of Business and Professional Regulation suggested removing the alternative of a letter of credit as opposed to a surety bond which current law allows. The present law requires contractors to acquire a performance or payment bond of at least $10,000 read more »

There are new contractor license bond requirements to follow in Kentucky State. A new bill named HB 247 requires radon mitigation and measurement professionals to acquire a $10,000 surety bond in order to be legally registered with the state. The surety bond must be issued by a corporate surety company who is licensed within the read more »