Home improvement contractors who are required by the Commissioner of Consumer Protection to post a bond as a condition of registration, renewal, or reinstatement. Required when: An order or requirement by the Commissioner of Consumer Protection, typically as a result of disciplinary action, past violations of the Home…
Overview
What it is.
Home improvement contractors who are required by the Commissioner of Consumer Protection to post a bond as a condition of registration, renewal, or reinstatement. Required when: An order or requirement by the Commissioner of Consumer Protection, typically as a result of disciplinary action, past violations of the Home…
Who usually needs it
Home improvement contractors who are required by the Commissioner of Consumer Protection to post a bond as a condition of registration, renewal, or reinstatement.
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 business days
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.
StateCTBond amount$15,000Term lengthContinuousObligeeConnecticut Department of Consumer ProtectionRenewalThe bond must remain in effect as long as required by the Commissioner; the contractor may be required to provide proof from time to time that the bond is in full force and effect.Bond classPerformance BondCategoryConstructionBondPosting of bond by contractorStatutory referenceConnecticut General Statutes Section 20-426aJurisdictionState
