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Platinum Bonds Insurance Agency

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Compliance Bond

All Home Improvement Contractor Businesses (HICBs) and Home Elevation Contractor Businesses (HECBs) registered in New Jersey. Required when: Required as a condition for obtaining, renewing, or reinstating a contractor business registration. Exemptions: New home builders registered with the Department of Community Affa…

Bond amount"$10,000 for single contracts under $10,000 or annual totals under $150,000; $2…
State or jurisdictionNew Jersey
ObligeeNew Jersey Division of Consumer Affairs

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.

Amounts can vary

Selected requirement: "$10,000 for single contracts under $10,000 or annual totals under $150,000; $2…. Other available requirements: "$10,000 for single contracts under $10,000 or annual totals under $150,000; $25,000 for single contracts between $10,000 and $120,000 or annual totals between $150,000 and $750,000; $50,000 for single contracts over $120,000 or annual tot…. Exact options still depend on the obligee, state, and underwriting.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

All Home Improvement Contractor Businesses (HICBs) and Home Elevation Contractor Businesses (HECBs) registered in New Jersey. Required when: Required as a condition for obtaining, renewing, or reinstating a contractor business registration. Exemptions: New home builders registered with the Department of Community Affa…

Who usually needs it

All Home Improvement Contractor Businesses (HICBs) and Home Elevation Contractor Businesses (HECBs) registered in New Jersey.

Pricing & timing

What to expect.

Generic pricing

Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending on risk factors. Contact us for a specific quote.

Your quote determines the actual premium.

Typical timeframe

Credit-based approval — varies by bond type

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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“Finally a company that understands what customer service is supposed to be.”

★★★★★

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

★★★★★

“I highly recommend you do business with these folks.”

★★★★★
BBB A+ Accredited Business seal for Platinum Bonds Insurance Agency

BBB A+ Accredited

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23 years

Offering service to clients and agents alike.

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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