Platinum Bonds Insurance Agency
Research before you apply.Combined residential/commercial contractor license bond (K classification) for Arizona ROC. Bond amount ranges from $6,750 to $115,000.
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
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BBB A+ AccreditedView the agency profileCombined residential/commercial contractor license bond (K classification) for Arizona ROC. Bond amount ranges from $6,750 to $115,000.
Contractors in Arizona who hold a "K" (Dual) license issued by the Arizona Registrar of Contractors, which combines both residential and commercial contracting classifications. This bond is required as a condition for obtaining or renewing their contractor's license to ensure financial responsibility for project completion, payments to subcontractors/labore…
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 depending on the specific bond type, state program, or underwriting requirements.
Your quote determines the actual premium.Issuance timeframe varies by bond type and underwriting
Timing can change when underwriting needs more information.Confirm the bond and provide applicant and business details.
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Complete the required payment and signatures.
Get the issued bond and filing or delivery instructions.
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