Any individual or corporate applicant for a contractor's license (including specialty classification C-24 for Building Moving and Wrecking) whom the Board determines must provide a bond as a condition of licensure. Required when: The bond is required as a condition for the issuance or maintenance of a contractor's lic…
Overview
What it is.
Any individual or corporate applicant for a contractor's license (including specialty classification C-24 for Building Moving and Wrecking) whom the Board determines must provide a bond as a condition of licensure. Required when: The bond is required as a condition for the issuance or maintenance of a contractor's lic…
Who usually needs it
Any individual or corporate applicant for a contractor's license (including specialty classification C-24 for Building Moving and Wrecking) whom the Board determines must provide a bond as a condition of licensure.
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 lengthContinuousObligeeContractors License Board, Department of Commerce and Consumer AffairsRenewalThe bond is continuous in nature and remains in full force and effect until cancelled by the surety. The surety may cancel the bond by giving 30 days' written notice to the Contractors License Board.Bond classLicense BondCategoryFinancial ServicesBondContractor's License BondStatutory referenceHawaii Revised Statutes § 444-16.5JurisdictionState
