This bond is required for contractors who drill, repair, or maintain water wells in Arkansas. It protects the state and consumers if a contractor fails to follow state regulations, doesn't complete work properly, or causes damage. If a contractor violates the rules, customers can file a claim against the $20,000 bond …
Overview
What it is.
This bond is required for contractors who drill, repair, or maintain water wells in Arkansas. It protects the state and consumers if a contractor fails to follow state regulations, doesn't complete work properly, or causes damage. If a contractor violates the rules, customers can file a claim against the $20,000 bond …
Who usually needs it
Water well contractors in Arkansas—individuals or businesses that contract for or are directly engaged in constructing water wells or installing/repairing pumps—must obtain this $20,000 surety bond as a requirement for their Arkansas Water Well Contractor License. This applies to both resident and nonresident contractors under Act 641 of 1969 (as amended), …
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$20,000ObligeeState of ArkansasBond classLicense BondCategoryConstructionBondArkansas Water Well Contractor BondJurisdictionStatePlain descriptionThis bond is required for contractors who drill, repair, or maintain water wells in Arkansas. It protects the state and consumers if a contractor fails to follow state regulations, doesn't complete work properly, or cau…Who needs this bondWater well contractors in Arkansas—individuals or businesses that contract for or are directly engaged in constructing water wells or installing/repairing pumps—must obtain this $20,000 surety bond as a requirement for …
