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…
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 de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateARBond amount$10,000Term lengthContinuousObligeeArkansas Contractors Licensing BoardRenewalThe bond is continuous until cancelled. No continuation certificates are required by the Board. The contractor must pay the annual premium to the surety company to keep the bond in force.Bond classLicense BondCategoryConstructionBond$10,000 Surety BondStatutory referenceA.C.A. § 17-25-401 et seq.JurisdictionState
