Iowa Out Of State Contractor | $50,000 Out Of State Contractor Surety Bond

Also known as: out of state contractor bond

Type of Bond

An Iowa Out-of-State Contractor Bond is a type of surety bond required by the Iowa Division of Labor for contractors who are not based in Iowa but want to perform construction work in the state. This bond serves as a financial guarantee that the contractor will comply with all applicable laws and regulations related to the performance of the contracted work in Iowa. The bond protects the state of Iowa and the clients of the contractor from potential financial losses in case the contractor engages in fraudulent practices, misrepresentation, or fails to fulfill their obligations, such as completing the contracted work as specified. If the bondholder defaults or fails to comply with the regulations, the surety company issuing the bond will compensate the state of Iowa and the affected clients up to the bond amount. In summary, an Iowa Out-of-State Contractor Bond ensures that contractors who are not based in Iowa but want to perform construction work in the state are held accountable for their actions, safeguarding the interests of the state and the clients while promoting compliance with applicable laws and regulations.


Program

The price you'll pay for your $50,000 Out Of State Contractor 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 $50,000 Out Of State Contractor 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 $50,000 Out Of State Contractor 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 Out Of State Contractor Bond Application process.

The Iowa Out Of State Contractor Bond amount is currently set at  $50,000.

Obligee Information

An obligee is the entity that is requiring you to have the Out Of State Contractor bond.

For your convenience you can view a sample copy of the Iowa Out Of State Contractor Bond Form.

Obligee: State Of Iowa Division Of Labor
State: Iowa