Our Nevada Contractor Bond Service Makes It Easy
Contractors Exam Center offers you all the help you’ll need to become a fully bonded and licensed Nevada Contractor. The Battle Born State requires every contractor licensed in the state to have a Nevada Contractor Bond. The bond can be in any an amount ranging from $1,000 to $500,000.
The dollar amount of your bond will depend on the type of Nevada contractors license you’re requesting. Your experience and the limits granted by your license will also be examined. Your Nevada Contractor Bond also takes into account your financial responsibilities, past and future. The Nevada State Contractors Board will ultimately determine the amount of your contractor bond. Nevada Bond Rates start at 3% of Bond Amount, based on credit, claims and experience.
Your Nevada Contractor’s Bond does NOT Replace Insurance
It is important that you don’t confuse your Contractor’s Bond with an insurance policy. The Surety Company which issues the bond will pay out claims, but you are still responsible to pay those obligations. You will be required repay the Surety company for their expenditures as a result of the contractor’s actions.
Don’t Jeopardize Your Bond With Your Private Behavior
Once you have become licensed and bonded, your private behavior might be grounds for disciplinary action. An arrest or even a simple traffic ticket can negatively impact your Nevada Contractor’s Bond. If you lose your bond, you’re out of business. So be as careful of your private actions as you are your professional behavior.
Your Nevada Contractor Bond is a Legal Promise
The Surety company issuing your bond assures the state of Nevada that you will adhere to all state regulations. If you do not follow state law and requirements, a claim can be filed against your bond with the surety company. Anyone can file a claim against you; employees of yours, clients, businesses or any other person who claims to be “damaged by willful and deliberate violation” of your contract with them. This assures your clients and the state that you are the best contractor for the job, and protects everyone involved.