Idaho Contractor License Bonds

Purchase Your Idaho Contractor Bond Today

Who Is Required To Purchase an Idaho Contractor Bond

The following licenses are required to purchase an Idaho contractor license bond:

Bond Requirements at a Local Level

At a local county or municipal level there can be a variety of bonding requirements, not all of them are license bonds.

If you're hired by a county or city government to perform work on public (state) property, you will likely have to purchase a right of way bond. This is a bond that ensures you'll complete the project and return the public property back to its original or improved condition.

Private project owners may require a performance bond. This is a surety bond that holds you accountable to completing the project according to the agreed upon contract and timeline.

Here are examples of local bonds we helped contractors obtain.

Pocatello Municipal Corporation of Idaho

• Class A-1 General Contractor License Bond - $50,000
• Class A-2 General Contractor License Bond - $25,000
• Class B General Contractor License Bond - $10,000
• Electrical Contractor - $10,000
• Plumbing Contractor - $10,000
• Gas Contractor - $10,000
• Excavator - $10,000
• Housemover - $10,000
• Sign Contractor - $10,000
• Mechanical Contractor - $10,000

City of Idaho Falls

• Public Right of Way Project - $5,000
• Sign Company - $1,000

If you're performing work in another city or county that is requiring you to fulfill a bonding requirement, we can help.

Use our online bond quote form and tell us about the bond you need. We will be able to help you purchase the bond and guarantee that it will be accepted.

Why is an Idaho Contractor Bond Required?

Idaho uses the contractor licensing process as a way to identify the highest quality individuals and businesses that can serve their communities.

The licensing process ensures each contractors has:

• A minimum level of experience
• Obtained the necessary level of education
• The proper business records are submitted
• Selected the appropriate license type for the projects they want to bid on

For many of these licenses, a contractor surety bond requirement is part of the licensing process.

This bonding requirement is one of the primary ways the/a licensing agency or department can hold a contractor accountable to the promises they are making to their customers.

This is the purpose of all surety contractor bonding requirements. It's an accountability tool, financially backed by a type of insurance policy.

What Does an Idaho Contractor License Bond Protect Against?

What makes a contractor surety bond unique is, it's an insurance contract you're purchasing for the protection of somebody else, i.e. your customer.

It's unfortunate, but every year there will be licensed contractors who try to purposefully cut corners to increase profits at their customer's expense.

Examples of these fraudulent actions can include:

• Breaking the terms of a construction project
• Altering contract terms without the customers knowledge
• Taking deposits or down payments and never starting or completing a project
• Replacing agreed upon materials with cheaper alternatives to increase profits
• Failing to pay subcontractors for completed work
• Neglecting building codes and purposefully performing poor quality work

If a contractor is found guilty of any of these actions, a claim can be made against the contractor bond, but only up to the amount of the specific bond.

How Much Does an Idaho Contractor Bond Cost?

The good news is nearly all bonds required by Idaho licensing agencies can be offered at low fixed prices with zero credit check.

The Pocatello Class A-1 General Contractor bond will require a custom quote from a surety to obtain pricing.

This custom quote is based on a rate quoted by a surety.

A surety is an insurance company that underwrites the surety bond. Each surety will perform their own assessment and determine a rate typically using these factors:

• The personal credit of the owner or owners
• Contracting experience and industry experience
• Any prior bond claims if you've been licensed in the past

This rate multiplied by the bond amount - $50,000 for Class A-1 General Contractor - is your price.

Specialized surety agencies like Surety Bonds Direct help customers save hundreds of dollars by pricing shopping for you and getting the lowest rate and price.

We use our network of A rated sureties and act as your personal surety bond shopper.

Here's a table showing you examples of pricing for $50,000 contractor bond.

It's Important To Get Your Unique Pricing

It's important to get your specific pricing so you can complete the application process and it's easy to start.

Click here and start the online quote process. It takes 90 seconds to submit your request and we'll start pricing shopping for you.

If you prefer to speak with a bond specialist, you can call 1-800-608-9950.

Having a bond specialist secure pricing for you costs nothing and there's zero obligation to purchase the bond once you receive the pricing.

What Happens After You Purchase Your Bond?

After you purchase your bond, Surety Bonds Direct's issuing team will prepare your bond with the correct signatures, notarized seals, and the required power of attorney.

Idaho allows us to email a copy of the bond to you so you can submit it with your license application or contract.

If the agency or company requiring the bond wants the original bond with raised seals, let us know and we will mail you a copy ASAP.

Please account for US mail shipping time of 5 to 7 days.

Renewing Your Contractor Bond

• The Plumbing Contractor bond has a 1 year term
• The HVAC bond has a 3 year term
• The Fire Sprinkler Fitter bond expires on September 31 each year
• Most local bonds have a one year bond term unless noted otherwise

This is another good reason to work with a specialized surety agency like Surety Bonds Direct. We manage the renewal process for you.

As your expiration date approaches, your bond specialist will contact you 30 to 40 days in advance to ensure you get your bond renewed.

Renewing is easy and only requires paying the renewal premium. If you need a continuation certificate, we will make sure that is emailed to you immediately.

Once you pay the renewal premium, your bond remains active.

Contractor Bonds And Getting Your Idaho Business License/Registration

Each license has its own application process. You can read our posts that help outline the licensing process for:

• Plumbing Contractors License
• HVAC Contractor License

On the city level you can consult these city websites:

• Pocatello building applications and forms
• Idaho Falls licenses and fees