Iowa Contractor License | Contractor License Surety Bond

Also known as: contractor license bond

Type of Bond

An Iowa Contractor License Bond is a type of surety bond required by the Iowa Division of Labor for contractors in the state of Iowa. This bond serves as a financial guarantee that the contractor will comply with all applicable laws and regulations related to their contracting work. The bond protects the state of Iowa and consumers from potential financial losses in case the contractor engages in fraudulent practices, misrepresentation, or fails to fulfill their obligations, such as completing the work in a timely and satisfactory manner or paying their subcontractors and suppliers. If the bondholder defaults or fails to comply with the regulations, the surety company issuing the bond will compensate the state of Iowa and affected consumers up to the bond amount. In summary, an Iowa Contractor License Bond ensures that contractors in the state of Iowa are held accountable for their actions, safeguarding the interests of the state and consumers while promoting compliance with applicable laws and regulations.


Program

The price you'll pay for your Contractor License Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of Contractor License Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a Contractor License Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Contractor License Bond Application process.

Obligee Information

An obligee is the entity that is requiring you to have the Contractor License bond.

Obligee: City of Oelwein
Street: 20 2nd Ave SW
State: Iowa
Zip: 50662