New Jersey Contractors License Bonds (Electrical & HVACR)
New Jersey Contractor License Bond Information
Licensed Heating, Ventilating, Air Conditioning and Refrigeration Contractors (HVACR) and licensed Electrical Contractors in the state of New Jersey must furnish surety bonds to ensure satisfactorily performance of the duties prescribed by the New Jersey Contracting License Law N.J.S.A. 45:16A-1 et seq.
The surety bond also ensures compliance with the rules and regulations which have been or may be adopted by the Board of Examiners of Electrical Contractors or Heating, Ventilating, Air Conditioning, and Refrigeration Contractors. In addition to the New Jersey state bond requirements, contractor bonds may be required as a condition of a license or permit granted by a local municipality or county within the state. Common local requirements include Margate, Jersey City, Medford, and Ventnor.
See our Spotlight article for more on Contractor License Bonds. If this bond is for a job that you are bidding or a contract that has been awarded to you, the surety bond you need is a Contract/Construction Bond rather than a Contractor License Bond.
New Jersey Contractor Bond Prices - Buy Online
Most Common Bonds
Expires 6/30 in Even-numbered Years
Expires 9/30 in Even-numbered Years
Bonds up to $25,000
1-Year Bond Starts at $100.00
1% of the Bond Amount
2-Year Bond Starts at $175.00
1.75% of the Bond Amount
Getting Your New Jersey Business License or Registration
Initial Steps to securing a license for Heating, Ventilating, Air Conditioning and Refrigeration Contractors (HVACR) and licensed Electrical Contractors in the state of New Jersey
- Complete online application and submit the application fee;
- Upload required documents with your application;
- Upload or mail your supplemental documents as required
- Furnish a $3,000 Surety Bond. Bond will run concurrent with Master HVACR or Electrical license for the term of the biennial.
- Provide Certificate of Liability Insurance in the sum of $500,000
Licensing Need to Know
- Licenses are valid for 2 years; Every Master HVACR license expires on June 30th of even-numbered years;
- You must keep your address current with the Board to receive renewal notices and correspondence;
- Renewals are completed online and require a renewal fee;
- No one may practice as a Master HVACR or Electrical Contractor without a current, active license;
- No one is permitted to represent himself/herself as a Master HVACR or Electrical Contractor without the proper license;
- Licenses must be kept active and in good standing. Surety Bonds Direct will be sure to remind you of bond renewal deadlines