Montana Contractor License Bond

Premiums for Montana Contractor License Bonds start as low as $100. While the bond you need will generally be $4,000 or more, you typically only pay 1% - 10% of that total bond amount. 

The price of your bond will depend on:

• Total Bond Amount Needed (Penal Sum) – Well water contractors need to hold a bond in the amount of $4,000 (for individuals) or $10,000 (for corporations). In Montana, some municipalities may also require you to get bonded to work in that area. These bond amounts typically range from $5,000 - $50,000
• Credit Score – Every licensing bond application goes through a soft credit check. Credit score is the main factor that determines your bond premium (the percentage of your bond that you must pay). 

Beyond having a good credit score, other factors that can help you secure a low bond rate include:

• Experience in your industry
• History of past bonds with no claims
• Business assets

Not long ago, we had a contractor provide us with supplementary information (he had over a decade's experience in the industry and no claims made against his past bonds). With this, we were able to cut his bond price by a little over $200.

1. Find the Bond You Need

Most contractor license applications come with instructions that include the required bond type and amount. If yours does not, you may find your bond requirements by:

• Checking the website of the organization or city licensing you. This information is usually readily available on a webpage, but you may also contact them directly. 
• Contacting one of our surety experts. We are always up to date with the latest bonding requirements and would be happy to help. 

2. Apply For a Contractor Bond

Fill out an online application. This form is easy to fill out, available 24/7, and it delivers a quote within minutes.

Information required includes:

• Bond Name 
• Bond Amount 
• Contact Information

3. Receive a Bond Quote

Once you send your application, a quote should appear in your email within a few minutes. This email will include login instructions for our website. 

4. Get Your Bond

Go to our website to fill out the bond agreement and pay your invoice. 

As soon as your payment clears, an electronic copy of the bond will arrive in your inbox. Some license applications will accept this copy, while others require the original bond. The original bond will be sent to you via mail if needed. 

If you need assistance at any point in the bonding process, don't hesitate to contact us online or at 888-592-6631.

Montana well water contractors and contractors working in certain MT cities and counties need a Contractor license bond. This bond is required to get licensed. 

• A contractor license bond helps hold the contractor financially accountable. In the event that they conduct business unethically or illegally, their bond will pay the affected party's losses. See our guide: What is a Surety Bond? for more information. 

Steps to get a Montana Contractor License will vary—depending on what license you are applying for. However, most have overlap in requirements. For example, to get a Contractors License to work in Missoula, you need:

• General Liability Insurance.
• A Contractor License Bond (amount varies depending on trade).
• State of Montana Department of Labor and Industry Contractor Registration.
• Worker's Compensation or Montana Department of Labor and Industry Independent Contractor Exemption Certificate.
• Vehicle Liability Insurance.

Common requirements for other contractor licenses include proof of experience and/or education.