An Alabama contractor bond is a type of surety bond that may be required by the Alabama Licensing Board for General Contractors for individuals or businesses seeking to obtain a contractor's license in the state. The bond serves as a guarantee that the contractor will comply with all state laws and regulations related to the industry, including the proper completion of contracted work and the payment of subcontractors and suppliers. The bond also provides financial protection to clients who may be harmed by the contractor's negligent or unlawful actions. In the event that the contractor fails to fulfill their obligations, the bond ensures that harmed parties can seek compensation up to the bond amount.
The price you'll pay for your $10,000 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 $10,000 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.
The application process for a $10,000 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.
The Alabama Contractor License Bond amount is currently set at $10,000.
An obligee is the entity that is requiring you to have the Contractor License bond.
For your convenience you can view a sample copy of the Alabama Contractor License Bond Form.
Obligee: Alabama Board Of Heating Air Conditioning & Refrigeration Contractors
Street: 100 N Union St Ste 630
Here are a few state specific bonds.