New Contractor License Bond Amount for Alabama HVAC Contractors
HVAC Contractors in Alabama have a new surety bond amount of $15,000 that may be required by the State Board of Heating and Air Conditioning Contractors. This used to be a $10,000 contractor license bond requirement, but was increased on August 1, 2009 with House Bill 184. Refrigeration contractors as well as “active” HVAC contractors have this bond requirement.
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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.
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