America's Preferred Provider for All Types of Surety Bonds

Call Us: 888-278-7389

 
 
 
 
Request a Quote Email Us Viking Bond Service, Inc. Video Page
 

Nevada Contractor License Bond

Nevada Contractor License Bond

Before getting a Nevada contractor license, you need to get a surety bond called a Nevada contractor license bond. The bonding process is simple, and the bond itself is less expensive than expected. But it's vital to understand how everything works. Here's a simple rundown of surety bonds in Nevada for contractors.

How Does a Nevada Contractor License Bond Work?

All surety bond types make the bondholder financially liable for any damages they cause to another party. A Nevada contractors bond is a legally binding agreement between three parties:

  • Principal – The contractor required to get the bond. The principal must pay for any claims filed by the obligee against the surety bond.
  • Obligee – The party that suffers financial losses due to illegal or unethical behavior on the part of the principal. The obligee can file claims against the bond seeking compensation equal to the damages.
  • Surety – The company that underwrites the bond. The surety will settle claims with the obligee in the event that the principal can't or won't settle, but the principal must promptly repay that debt to the surety. Failure to repay could lead to lawsuits, loss of bond coverage, and the inability to meet future Nevada contractor license bond requirements.

Who Needs a Nevada Contractor License Bond?

All Nevada contractors need a license that requires a surety bond as one of the qualifications. Nevada separates contractors into three categories that each have unique license and bonding requirements:

  • Class A – General Engineering Contractors
  • Class B – General Building Contractors
  • Class C – Speciality Contractors

Every contractor in Nevada needs a surety bond, and they can all rely on Viking Bond Service to get it.

How to Get a Nevada Contractor License Bond

The good news is that getting a Nevada contractor license bond is quick and simple:

  • Complete a surety bond application
  • Agree to undergo a credit check
  • Provide additional documents as necessary

The surety will then quote the cost of the surety bond based on the application materials. Coverage kicks in as soon as the premium is paid, at which point the surety provides documentation proving the surety bond requirement has been met.

How Much Does a Nevada Contractor License Bond Cost?

The amount of coverage a Nevada contractor bond requires varies depending on the type of contractor and their financial history. Coverage requirements vary widely. The cost is a small percentage of the coverage requirement based on the bond seeker's credit. If bad credit makes it harder to get approved for a Nevada contractor bond at a fair rate, check out a special program offered by Viking Bond Service.

Nevada Contractor License Bonds From Viking Bond Service

Get your career as a contractor off on the right foot – make Viking Bond Service your bond partner. How much would your bond cost? Get a quote in under 24 hours! Have questions? Contact us or call 1-888-2-SURETY (1-888-278-7389).

Free Quote
No Obligation

Name: First Name: Last Name: Phone: Email: Type of bond needed:
Amount: Bond State:
Are You (Choose): How did you find us?: Message Subject: Comments:

Viking Bond Service does not share or release email addresses, phone numbers or ANY other personal information to unauthorized third parties. Information is used for underwriting purposes only. View our Privacy Policy

Get Started:

Call Us: (888-278-7389)
More About Surety Bonds:
Challenged Credit?

Credit challenges are not always a barrier to obtaining a Surety Bond. Often times, Viking can quote your request despite a poor credit rating.

Avoid Fraudulent Bonds. Work with a Certified Surety.

The cost and complications of fraudulent surety bonds are avoidable. Learn how to eliminate your risk.

Learn about Performance Bonds

A Performance Bond may be required to bid for, or accept a contracted job. Learn about Performance Bonds here.

Bonded & Insured, What does it mean?

Learn the process of becoming bonded and insured. Find out how your company can obtain both.

FaceBook LinkedIn Twitter Manta FourSquare Yelp

Get Started:

Call Us: (888-278-7389)

Member:

Viking Bond Service, Inc. BBB Business Review NASBP Servis Key Surety Association of Arizona

Get Started:

Call Us: (888-278-7389)