What Is A Plumbing Contractor Bond?
A plumbing contractor bond is a type of insurance that a plumber must purchase before doing business. It guarantees the plumber’s financial stability and legal/ethical work. If a client is a victim of fraud, the surety bond will reimburse him or her.
Before plumbers purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.