Electrical contractors (registered as Specialty Contractors with an electrical or communications specialty trade) Required when: Application for a certificate of registration as a construction contractor Exemptions: Exemptions are listed in AS 08.18.161 and include work performed by employees, work on one's own proper…
Overview
What it is.
Electrical contractors (registered as Specialty Contractors with an electrical or communications specialty trade) Required when: Application for a certificate of registration as a construction contractor Exemptions: Exemptions are listed in AS 08.18.161 and include work performed by employees, work on one's own proper…
Who usually needs it
Electrical contractors (registered as Specialty Contractors with an electrical or communications specialty trade)
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.
StateAKBond amount$10,000Term lengthContinuousObligeeAlaska Department of Commerce, Community, and Economic Development, Division of Corporations, Business and Professional…RenewalThe bond must be maintained in full force and effect to keep the license active. During the biennial license renewal, the contractor must provide proof (such as a continuation certificate) that the bond remains in effec…Bond classLicense BondCategoryConstructionBondContractor Surety BondStatutory referenceAS 08.18.071JurisdictionState
