Commercial, residential, and mold remediation contractors (including Mechanical/HVAC contractors) who cannot demonstrate the required $10,000 net worth through a notarized financial statement. Required when: Required when an applicant for a contractor license fails to meet the minimum net worth requirement of $10,000.…
Overview
What it is.
Commercial, residential, and mold remediation contractors (including Mechanical/HVAC contractors) who cannot demonstrate the required $10,000 net worth through a notarized financial statement. Required when: Required when an applicant for a contractor license fails to meet the minimum net worth requirement of $10,000.…
Who usually needs it
Commercial, residential, and mold remediation contractors (including Mechanical/HVAC contractors) who cannot demonstrate the required $10,000 net worth through a notarized financial statement.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StateLABond amount$10,000Term lengthContinuousObligeeLouisiana State Licensing Board for ContractorsRenewalThe bond must be maintained as long as the contractor does not meet the net worth requirement. It is typically renewed annually with the surety company and remains on file with the Board.Bond classMiscellaneous CommercialCategoryConstructionBondSurety bond in lieu of net worthStatutory referenceLa. R.S. 37:2156.1(C)(1)JurisdictionState
