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Maryland Home Improvement Contractor Bond

Maryland Home Improvement Contractor Bond

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Who Requires the Home Improvement Contractor Bond and Why Is It Needed?

Builder. Contractor License Bond for licensed contractors to ensure compliance with state or local regulations and statutes.

The surety bond is required of Maryland home improvement contractors for the benefit of the Maryland Home Improvement Guaranty Fund. The penal sum of the bond is $20,000 and it is needed to ensure compliance with the Annotated Code of Maryland, Business Regulation Article, Title 8, Home Improvement.

How Much Will My Surety Bond Cost?

Some Maryland Home Improvement Contractor Bonds are offered completely online without a credit check or any paperwork at the exceptional low prices shown in the table below. Surety Bonds Direct has access to the lowest bond prices available in the market for applicants with good credit and bad credit.

It only takes a couple minutes to provide us with the information required for a free, no-obligation quote. Or if you prefer, call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The bond protects the state of Maryland and the Home Improvement Guaranty Fund in the event that the Fund is damaged as a result of the principal’s non-compliance with the Maryland Home Improvement Law.

This surety bond is issued for a 2-year term. It may be canceled at any time by the surety company with 30 days advance written notice provided to the Maryland Home Improvement Commission.

List of Maryland surety bonds.

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Surety Bonds Direct, LLC, Bonds Surety & Fidelity, Charleston, SC
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