All elevator contractors (business entities) operating in the District of Columbia are required to obtain this bond as part of their licensing requirements under Code of the District of Columbia 47-2853.95. The bond serves as financial security to protect property owners and customers in case the contractor fails to comply with DC licensing laws and regulat…
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.
StateDCBond amount$4,000ObligeeDistrict of ColumbiaBond classLicense BondCategoryOtherBondElevator Trades Contractor BondPlain descriptionElevator Contractor - 3rd Party LiabilityWho needs this bondAll elevator contractors (business entities) operating in the District of Columbia are required to obtain this bond as part of their licensing requirements under Code of the District of Columbia 47-2853.95. The bond ser…
