Arkansas Contractor License Bond

Commercial contractors across the state are required to post a contractor license bond. Additionally, the following municipalities have bonding requirements for certain types of contractor classifications: Benton, Fort Smith, Greenbrier, Little Rock, Jacksonville, North Little Rock, Pine Bluff, Sherwood and Star City.

The cost of your bond depends on a number of factors. Each city determines their own total amount, but they all vary between $1,000 and $10,000. To get bonded, contractors are required to pay a premium, which is a percentage of the total bond amount. The table below contains more information about total values by location as well as estimated premiums.

• Bond amounts for contractor license bonds in other cities and for other contractor types are not fixed, so they cannot be displayed here.

The cost of your bond is directly related to your personal credit score, how long you’ve been in business, your financials and your industry experience. Learn more all about these factors on our What Does a Surety Bond Cost? Page.

Most of these bonds are not considered high-risk, so they may not even require a credit check. However, even if a credit check is required, you will still be able to get bonded even if you have bad credit.

Lance Surety Bonds offers bad credit bonds through a specialty program, so 99% of our clients successfully get bonded. On rare occasions, such as when you are late on child support payments or are in an open bankruptcy, you may not be able to get bonded.

We offer a fast, secure and easy online application process. All you have to do is submit our application, which takes no more than five minutes, provide ownership information and pay your premium– we take care of the rest.

You can access the bond to use as reference form from the link below:

• Arkansas Contractor License Bond Form

Under normal circumstances, our turnaround time is quite fast: you can expect to have your bond signed in as little as 1-2 business days.

To get your contractor’s license you need to apply with the Contractors Licensing Board. You will need to pick a classification, submit professional references as well as financial statements, and a statement detailing your experience. Finally, you will need to pass an examination, which is currently administered by Prometric.

Keep in mind that different license types will require an additional set of steps, so be sure to contact your licensing authority for more detailed information.

You should take utmost care so as not to trigger a bond claim. A claim can cost you a lot of time and money, and may make it impossible to get bonded in the future.

If you have been notified of a valid complaint, you should settle it before it turns into a claim. What constitutes a valid source for a claim can vary depending on your city and location. You should contact your local licensing authority so that you know which laws and regulations apply to you. Typical activities that lead to a claim include violating building codes, or failing to declare and pay taxes.

Still got questions about Arkansas contractor license bonds? Give us a call at (877)-514-5146 and let us know how we can help!