Contractor License Bonds are required by most states to guarantee that a general contractor will operate their business in compliance with the rules and regulations pertaining to their specific contractor license. Ultimately, these bonds exist to protect the public from fraudulent practices or from being ripped off by a contractor. JR Olsen Bonds & Insurance offers numerous CLB programs designed to get all types of contractors approved at excellent rates, in all 50 states.
It is important to understand that Contractor License Bonds are NOT the same as Bid and Performance Bonds, which is a common misconception. They guarantee the compliance with a state or local contractor’s license, where as most performance bonds guarantee that obligations of a contract are fulfilled.
Application: Call underwriter for appropriate application at 1-800-452-7121
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