What is a Contractor License Bond?
To get your contractor license in your state, county, or state, you're required to purchase a contractor license bond. Some counties, cities, even townships may require a bond for contractor registrations.
But what is a bonded contractor? Why is it required? How much does a bond cost? And how long will it take to get? That is what you'll learn in this short video.
Video Timestamps:
- 00:24 - Video agenda
- 00:36 - Why is a contractor license bond required?
- 01:42 - 7 must know facts about contractor bonds
- 02:04 - Contractor license bond fact 1
- 02:11 - Contractor license bond fact 2
- 02:15 - Contractor license bond fact 3
- 02:22 - Contractor license bond fact 4
- 02:29 - Contractor license bond fact 5
- 02:36 - Contractor license bond fact 6
- 02:44 - Contractor license bond fact 7
- 02:58 - How much does a contractor bond cost?
- 04:19 - Cost example 1
- 04:26 - Cost example 2
- 04:42 - What to do once you purchase your bond
- 05:16 - Video recap
