What Is A Contractor License Bond?
A contractor license bond is a very important type of surety bond that actually serves a purpose with three different parties involved in a contractor project. This contractor’s license bond not only helps you as the contractor, but helps others who could be involved and affected by unethical or costly business decisions.
Contractor’s license bonds legally protect the following three parties: you, the contractor, the company who has hired you, and the state bond issuing agency. By getting the contractor license bond, you are ensuring that you will always provide ethical and professional services. Contractor bonding also protects the public in that you and the company that hired you are indicating that you will provide professional services that will do no harm to them. Should someone be negatively affected by an unethical decision made, then they can file against the bond for financial recompense.
Should you need contractor bonding of any type and a contractor license bond, then the professionals at Ox Bonding are here to help you.