Commercial, residential, and mold remediation contractor applicants who do not meet the minimum net worth requirement of $10,000. Required when: Failure to meet the $10,000 net worth requirement for licensure. Exemptions: Contractors who demonstrate a net worth of at least $10,000 through a notarized financial stateme…
Overview
What it is.
Commercial, residential, and mold remediation contractor applicants who do not meet the minimum net worth requirement of $10,000. Required when: Failure to meet the $10,000 net worth requirement for licensure. Exemptions: Contractors who demonstrate a net worth of at least $10,000 through a notarized financial stateme…
Who usually needs it
Commercial, residential, and mold remediation contractor applicants who do not meet the minimum net worth requirement of $10,000.
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.
StateLABond amount$10,000Term lengthContinuousObligeeLouisiana State Licensing Board for ContractorsRenewalThe bond must be maintained as long as the contractor does not meet the net worth requirement. The surety company typically provides an annual continuance certificate to the board.Bond classLicense BondCategoryEnvironmentalBondContractor's License BondStatutory referenceLa. R.S. 37:2156.1(C)(1)JurisdictionState
