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A contractor typically obtains a surety bond from a bonding company. This bond serves as a guarantee to clients that the contractor will complete the project as agreed. The contractor pays a premium to the bonding company to secure the bond.

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Q: How is a contractor bonded?
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Related questions

Where can I find a bonded painting contractor in the Austin, Texas area?

Carrco Painting Contractors is a fully bonded contractor in Austin.


Does contractor need to be bonded?

In many cases, contractors are not legally required to be bonded. However, being bonded can provide protection for both the contractor and the consumer in the event of financial losses or incomplete work. It is often a good idea to work with a bonded contractor for added peace of mind.


Is it a requirement to be bonded if you are a self employed contractor?

No.


Do painting contractors have to be bonded or insured in case of damage to the property they are working on?

It's recommended that a painting contractor be bonded for anything costing over $500. Make sure that the contractor's bond limit will cover the cost of your repair before work begins.


If you hire an insulation contractor should they be bonded?

It would be better for you and your wallet if they were bonded. A bond is recommended for any work over 500 dollars and so if the work needs to be re-done for some reason the bond would cover that. It is essential to check if the contractor is bonded, however, before any work starts on the project.


What is penalty for hiring unlicensed contractor in Maryland?

The penalty is YOU LOSE. They are not bonded or insured and your loss is just that. GOOD LUCK!


To get bonded through a business for dogsitters but have a charge on your record in 2001 can it still happen?

I have a charge in Indiana 2001 on my record. I'm tring to get employed sub-contractor of a dog sitting position will I not get bonded because of my record.


Is it important to have a licensed and bonded roofer?

Yes, Yes,Yes. It is very important to have a licensed and bonded roofer, or any type of contractor. If for some reason the job is not done to your standards or to code you will have leverage when and if you need a Lawyer


Will homeowners insurance cover damages caused by structural defects?

No. If your house been built fairly recently, then the contractor who built your house may be lible for damages. If he is a licensed contractor, then he will (should!) be bonded, which should cover the damages.


What type of contractor's liability insurance covers incomplete or incorrect work?

That is not an insurance issue, it's a Bond issue. If the contractor isn't bonded and if you didn't specifically require a performance bond, he probably isn't bonded. You may be able to get pressure on him if you call the local building and zoning department or possibly the state department of business regulation that oversees contractors.


When choosing fence companies should I be looking for their construction certifications?

If a contractor is going to install the fence, then yes, you should check to ensure that they have the correct contractor's license from the state. They should also be bonded in case something goes wrong.


Are all siding contractors bonded against damage to your property?

All licensed contractors are required to be bonded against damage to your properrty and injuries. You should reasearch your contractor before allowing any work to begin to make sure it is current.