Electrical contractors and Class B electricians Required when: Before receiving a license Exemptions: In the case of a partnership or corporation, the licensed person is exempt from insurance or undertaking requirements if the employer satisfies the requirements.
Overview
What it is.
Electrical contractors and Class B electricians Required when: Before receiving a license Exemptions: In the case of a partnership or corporation, the licensed person is exempt from insurance or undertaking requirements if the employer satisfies the requirements.
Who usually needs it
Electrical contractors and Class B electricians
Pricing & timing
What to expect.
Generic pricing
Miscellaneous surety bonds cover a wide variety of obligations that don't fit neatly into other categories. Typical Pricing:. • Small bonds: May be available as flat-fee premiums starting around $100–$250. • Larger bonds: Commonly around 1–5% of the bond amount, though rates vary significantly by bond type. • Underwriting: Requirements vary — some bonds qualify for instant approval, others require full underwriting. Pricing varies significantly by the specific bond type, jurisdiction, and r…
Typical timeframe
Varies by bond type — contact for details
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.
StateSDBond amount$10,000Term lengthContinuousObligeeSouth Dakota State Electrical CommissionRenewalThe license is biennial. A $50 deposit must be made with the commission at the time of the initial execution of the undertaking and biennially at the time of renewal of the applicant's license. The commission may waive …Bond classMiscellaneous OtherCategoryConstructionBondUndertakingStatutory referenceSDCL 36-16-20JurisdictionState
