South Carolina Contractor License Bond's are required by South Carolina's Residential Builders Commission to obtain your South Carolina Contractor License Bond. The South Carolina Contractor License Bond amount is set at $15,000.
The State requires a Contractor License bond for :
a $15,000 surety bond
There are 3 parts to a Contractor License surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Contractor License Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
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Residential Builder/Certificate of Authorization ($15,000)
Licensed Residential Specialty Contractor (HVAC, plumber, or electrician) ($10,000)
Registered Residential Specialty Contractor ($5,000)