Residential specialty contractors specializing in HVAC, plumbing, or electrical work. Required when: When the cost of an undertaking (labor and materials) for an individual property owner exceeds $5,000. Exemptions: Projects where the total cost of labor and materials is less than $5,000.
Overview
What it is.
Residential specialty contractors specializing in HVAC, plumbing, or electrical work. Required when: When the cost of an undertaking (labor and materials) for an individual property owner exceeds $5,000. Exemptions: Projects where the total cost of labor and materials is less than $5,000.
Who usually needs it
Residential specialty contractors specializing in HVAC, plumbing, or electrical work.
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.
StateSCBond amount$10,000Term lengthContinuousObligeeSouth Carolina Residential Builders CommissionRenewalThe bond must be maintained as long as the license is active. Licenses must be renewed every odd-numbered year by June 30. If the Commission already has an original bond on file, a Bond Continuation Certificate may be s…Bond classLicense BondCategoryConstructionBondLicensed Residential Specialty Contractor BondStatutory referenceS.C. Code Ann. § 40-59-220(D)JurisdictionState
