Any person or business entity engaged in the business of electrical contracting in the State of New Jersey. Required when: Prior to undertaking any electrical work or obtaining/renewing an electrical contractor business permit.
Overview
What it is.
Any person or business entity engaged in the business of electrical contracting in the State of New Jersey. Required when: Prior to undertaking any electrical work or obtaining/renewing an electrical contractor business permit.
Who usually needs it
Any person or business entity engaged in the business of electrical contracting in the State of New Jersey.
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.
StateNJBond amount$1,000Term lengthTriennialObligeeNew Jersey Board of Examiners of Electrical ContractorsRenewalThe bond must be renewed every three years to coincide with the triennial license/business permit renewal cycle (e.g., April 1, 2024, through March 31, 2027).Bond classLicense BondCategoryConstructionBondBond of contractorStatutory referenceN.J.S.A. 45:5A-19JurisdictionState
