Home Improvement Contractor Businesses (HICBs) and Home Elevation Contractor Businesses (HECBs) in New Jersey engaged in home improvement or home elevation contracting services need this bond to obtain or renew their registration under the Home Improvement and Home Elevation Contractor Licensing Act and amended Contractors' Business Registration Act. The bo…
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.
StateNJBond amountVaries by license type or projectObligeeState of New Jersey Division of Consumer AffairsBond classLicense BondCategoryOtherBondHome Improvement Contractor Business License BondPlain descriptionHome Improvement Contractor BusinessWho needs this bondHome Improvement Contractor Businesses (HICBs) and Home Elevation Contractor Businesses (HECBs) in New Jersey engaged in home improvement or home elevation contracting services need this bond to obtain or renew their re…
