Any applicant for a commercial, residential, or specialty contractor license (including electrical contractors) who is unable to demonstrate a minimum net worth of $10,000 through a financial statement. Required when: Required when an applicant or licensee cannot meet the statutory $10,000 net worth requirement for li…
Overview
What it is.
Any applicant for a commercial, residential, or specialty contractor license (including electrical contractors) who is unable to demonstrate a minimum net worth of $10,000 through a financial statement. Required when: Required when an applicant or licensee cannot meet the statutory $10,000 net worth requirement for li…
Who usually needs it
Any applicant for a commercial, residential, or specialty contractor license (including electrical contractors) who is unable to demonstrate a minimum net worth of $10,000 through a 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 Contractors (LSLBC)RenewalThe bond must remain in full force and effect as long as the contractor's net worth remains below the $10,000 threshold. Proof of the bond must be maintained and verified during the license renewal process if the financ…Bond classMiscellaneous CommercialCategoryConstructionBondSurety BondStatutory referenceLa. R.S. 37:2156.1JurisdictionState
