Contractor Remodeling Bond

by Surety Admin 27. February 2009 02:42

Question:

I WANT TO START A SMALL BUSINESS IN REMODELING CLASSIC HOMES IN WALTERBORO, SC. THE STATE REQUIRES THAT ALL LEGITIMATE CONTRACTORS HAVE A SURETY BOND IN PLACE TO WORK IN THE STATE BEFORE A CONTRACTORS LICENSE WILL BE ISSUED.

Answer:

It sounds like what you need is SC Builders License Bond for $15,000. The bond guarantees that the builder will comply with all of the rules and regulations set forth by the State.

There are additional bonding requirements for contractors who specialize (HVAC, Roofing, Plumbing, Etc.). A useful website for all SC contractor requirements is http://www.contractors-license.org/sc/sc.htm

To apply for any SC Contractors License and Permit bonds, simply complete a License and Permit bond application or a general bond application.

Our Contractor Bonds Page

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Tags: contractor bonds, license bond, permit bonds

Surety Bond Questions

What are Surety Bond NTFs

by Surety Admin 25. February 2009 05:53

How many NTF'S? This is a question one will often see when completing our Ohio Lottery Application. NTF stands for Non-Transfer of Funds.

An NTF may occur due to the following:

Failure of the retailer to deposit the funds into the lottery bank account at the Time when the Ohio Lottery sweeps the account.
Large weekly invoice amount due to stolen instant tickets. (Note: the Ohio Lottery currently has a policy whereby retailers are liable for stolen tickets when certain lottery procedures are not followed. Although these situations are not common, there is always a small risk these events will occur.)
Intentional or deliberate failure of the retailer to fund the appropriate bank account in a timely manner.
Bank error or omission.
Failure of the retailer to timely notify the Lottery regarding changes to the Retailer’s dedicated Lottery bank account.

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Tags: ntfs, ohio lottery, surety bond

Cross State Line Surety Bonds

by Surety Admin 25. February 2009 05:44

We already have a company in Georgia. We are looking to do business in South Carolina. I want to make sure I am completing the correct bond application.

-This is a commonly asked question and it is different for each state. It is best to Contact Us and we will help you decide what surety bond you need.

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Tags: surety bond, georgia, state bonds

Misc Bond Information

Auctioneer Bonds

by Surety Admin 21. February 2009 12:39

We are an auction company based in North Carolina and looking to do business in Virginia. I am looking for an estimated cost of the Virginia state required surety bonds for auctioneers and the documentation you would require.

You will need to first provide us who the obligee is and the bond form. We will need to know who has required the bond. This could be for a 1 day sale or a bond that will track your license. The bond rate could $5.00 per $1,000 to $30.00 per 1000, predicated upon the guarantee within the bond.

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Tags: auctioneer bonds

Misc Bond Information

Contractor Remodeling Bond

What are Surety Bond NTFs

Cross State Line Surety Bonds

Auctioneer Bonds

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