Any individual or business entity applying for or holding a contractor's license (including HVAC/C-52 specialty contractors) if the Contractors License Board determines that a bond is necessary to provide financial assurance. Required when: The bond is required as a condition of initial licensure or license maintenanc…
Overview
What it is.
Any individual or business entity applying for or holding a contractor's license (including HVAC/C-52 specialty contractors) if the Contractors License Board determines that a bond is necessary to provide financial assurance. Required when: The bond is required as a condition of initial licensure or license maintenanc…
Who usually needs it
Any individual or business entity applying for or holding a contractor's license (including HVAC/C-52 specialty contractors) if the Contractors License Board determines that a bond is necessary to provide financial assurance.
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.
StateHIBond amount$5,000Term lengthContinuousObligeeHawaii Department of Commerce and Consumer Affairs, Contractors License BoardRenewalThe bond remains in full force and effect as long as the annual premium is paid to the surety company. The contractor's license itself must be renewed biennially by September 30 of even-numbered years.Bond classLicense BondCategoryFinancial ServicesBondContractor BondStatutory referenceHawaii Revised Statutes §444-16.5JurisdictionState
