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Platinum Bonds Insurance Agency

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$10,000 Surety Bond

All commercial contractors and commercial registered subcontractors performing work on projects valued at $50,000 or more (including labor and materials). Required when: Required as a condition for obtaining and maintaining a valid commercial contractor license or commercial subcontractor registration. Exemptions: Res…

Bond amount$10,000
State or jurisdictionArkansas
ObligeeArkansas Contractors Licensing Board

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
Overview

What it is.

All commercial contractors and commercial registered subcontractors performing work on projects valued at $50,000 or more (including labor and materials). Required when: Required as a condition for obtaining and maintaining a valid commercial contractor license or commercial subcontractor registration. Exemptions: Res…

Who usually needs it

All commercial contractors and commercial registered subcontractors performing work on projects valued at $50,000 or more (including labor and materials).

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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“My bond application was processed and received very quickly.”

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23 years

Offering service to clients and agents alike.

Frequently asked

Common questions.

Who is the obligee on the AR $10,000 Surety Bond?

The obligee is the Arkansas Contractors Licensing Board.

What is the bond amount for the AR Commercial $10,000 Surety Bond?

The bond amount is $10,000.

When is the AR $10,000 Surety Bond required?

It is required as a condition for obtaining and maintaining a valid commercial contractor license or commercial subcontractor registration for covered work on projects valued at $50,000 or more (including labor and materials).

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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