Licensed Water Well Constructors who construct, alter, convert, or abandon water wells for others on a for-profit or contractual basis must obtain a $20,000 bond in the individual's name who conducts the business. Landowners who build or work on their own well must obtain a $10,000 surety bond but do not need to be licensed.
Pricing & timing
What to expect.
Generic pricing
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 de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateORBond amount$20,000ObligeeState of OregonBond classLicense BondCategoryOtherBondWater Well Constructors Bond - State of OregonPlain descriptionWell Contractor - Compliance OnlyWho needs this bondLicensed Water Well Constructors who construct, alter, convert, or abandon water wells for others on a for-profit or contractual basis must obtain a $20,000 bond in the individual's name who conducts the business. Lando…
