Alaska Contractor License Bond

An Alaska contractor license bond costs between $100 and $2,500. Bonds are required for various trades and activities, and bond amounts range from $5,000 to $25,000. Your bond can be purchased at a premium price through a surety company. 

Surety bonds are available at a premium rate of 1% to 3% of the bond amount. Bond rates are determined by factors like professional experience, financial strength and credit scores. 

Bonds are available for applicants with most credit scores. A rate of 1% to 3% of the required bond amount is available for applicants with a 700 or higher credit score. A 3% to 5% rate is offered to those with a 600 to 699 credit score. With a lower credit score, the rate is between 5% and 10%.

1. Apply for Your Contractor Bond

When you know which bond requirements apply to you, the next step is to complete and submit the online application for your Alaska contractor bond. More than 99% of our applicants receive a bond from us. 

2. Get a Quote

Our short application can be completed in a couple of minutes, and we provide instant quotes after receiving your bond. Applications with more challenging factors require greater review. For those situations, we provide bond quotes in 48 hours or less. 

3. Buy Your Bond

The last step in our streamlined bond process is to pay the premium. For your convenience, we accept payments online. After receiving your payment, we will quickly process the bond and email it to you. We can also mail the bond upon request. 

The Department of Commerce, Community and Economic Development is the authority for most contractor bonds in the state. This department’s Division of Corporations, Business and Professional Licensing is responsible for general, specialty, mechanical and handyman contractors.

The amounts of these bonds range from $5,000 to $25,000. The bond requirements for these licenses are established under A.S. Chapter 18.18. The bond is continuous and remains active until the surety company cancels it.  

The Alaska Department of National Resources also has bond requirements. Specifically, it upholds requirements for a miscellaneous land use bond and a performance land use surety bond. The bond amounts vary.

In addition, the city of Kenai requires a construction and excavation bond. The bond amount is $5,000, and the obligee is the City of Kenai.

Bruno contacted us to buy a handyman contractor license recently. While his credit score was 603, he applied in a matter of minutes and got an instant quote. By paying the premium online, Bruno quickly got the necessary bond and completed the state’s licensing process.

We can help you learn how to get a contractor license for your trade in Alaska. The Division of Corporations, Business and Professional Licensing is responsible for most types of contractor licenses. Contractor license application requirements include:

• Application form
• Surety bond
• Business entity documents
• Application fee
• Proof of liability insurance
• Proof of workers' compensation insurance

For more information about contractor licensing, contact:

Alaska Department of Commerce, Community and Economic Development
Division of Corporations, Business and Professional Licensing
550 W. 7th Avenue, Suite 1500
Anchorage, AK 99501
Phone: (907) 465-2050