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.
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:
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:
Every contractor in Nevada needs a surety bond, and they can all rely on Viking Bond Service to get it.
The good news is that getting a Nevada contractor license bond is quick and simple:
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.
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.
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).
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