Platinum Bonds Insurance Agency
Research before you apply.Every employer engaged in construction work (including HVAC contractors) or the severance, production, or transportation of minerals who has not been in business in West Virginia for at least one year Required when: Prior to engaging in construction work or obtaining a contractor license with employees Exemptions: Emp…
Every employer engaged in construction work (including HVAC contractors) or the severance, production, or transportation of minerals who has not been in business in West Virginia for at least one year Required when: Prior to engaging in construction work or obtaining a contractor license with employees Exemptions: Emp…
Every employer engaged in construction work (including HVAC contractors) or the severance, production, or transportation of minerals who has not been in business in West Virginia for at least one year
Payment bonds guarantee that a contractor will pay subcontractors, laborers, and material suppliers. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value. • Larger contracts: Rates generally scale lower as contract size increases. • Payment bonds: Often paired with performance bonds at a combined rate. • Full underwriting required: Credit, financials, experience, and bonding history reviewed. Payment bonds are required on most public proje…
Full underwriting required — typically 3–5 business days
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.