Insured and Bonded:

Often Contractors will refer to themselves as being Insured and Bonded.   The “Insured” part is an easy concept.  However, the “…and Bonded” part, may not be understood. 

 

“And Bonded” commonly means the Contractor has a License and Permit Bond.   The bond is a guarantee that the contractor will observe the rules adopted by a municipality for public safety – or if not, they will have to pay a penalty.

  

A License and Permit Bond is typically required by municipalities in order to obtain your Contracting License.   The bond must be renewed each year or your License will be placed in inactive status.

 

Here is a brief discussion and video on the Topic using St. Louis and St. Charles County as an example for an Electrical Contractor or Communications Contractor (the requirements will be similar for other trades - e.g. Plumbing, HVAC, etc.):   

 

License and Permit Bonds for Electrical Contractors:

 

license and permit bond guarantees that your business will operate in compliance with the building codes established by State, County, City, etc. The bond is a requirement to receive your Electrical Contracting License from a Municipality. 

 

For Example:

  • Both St. Charles County and St. Louis County, MO require Electrical Contractors to have a $10,000 License and Permit Bond

  •  With decent credit, we can turn these bonds around for you very rapidly. 

 

Here is a brief video discussion on the Topic:

 

 

Call 636-519-0059 or email today if you need a License and Permit Bond 

 

Posted by Dan Hebbeln

Posted 1:37 PM

Tags: bonds
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014


View Mobile Version