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How Much Does a Connecticut Contractor License Bond Cost?
The cost of a Connecticut contractor license bond ranges from $100 to $30,000. The specific bond amount required varies by location and trade. For example, a home improvement contractor needs a $15,000 bond, and in the City of Milford a general contractor needs a $10,000 bond.
However, you are not required to pay the full bond amount. A contractor bond can be purchased from an authorized surety company in Connecticut at a premium price. The rate of the bond’s premium varies based on the applicant’s credit score, business experience and financial strength.
The premium rate is between 1% and 10% of the bond amount. The rate range is 1% to 3% for a credit score of 700 or higher. A credit score of 600 to 699 qualifies for a 3% to 5% premium. The premium rate for a credit score of 599 or lower is 5% to 10%.
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Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Connecticut Home Improvement Contractor Bond |
$15,000 |
$150 - $450 |
$450 - $750 |
$750 - $1,500 |
|
City of Milford Contractor Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
Town of West Hartford Uniform Public Right of Way Contractor Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
City of Torrington Excavation Contractor Bond |
$100,000 |
$1,000 - $3,000 |
$3,000 - $5,000 |
$5,000 - $10,000 |
How to Get a Connecticut Contractor License Bond?
1. Determine the Surety Bond You Need
Getting a contractor bond in Connecticut is easy to do. First, research the type of bond you need and the required bond amount. The Connecticut Department of Consumer Protection is the authority on home improvement contractor bonds.
Each municipality and city imposes unique bond amounts and obligees tailored to their jurisdiction and trade requirements.
When our new client, Boyd, contacted us to buy a Milford contractor bond, he thought the process would be long and complicated. However, he completed the application form in minutes. After reviewing his instant quote, he paid the premium online and received his bond via email right away.
2. Apply for Your Bond
The next step is to fill out the online application. This only takes a few minutes of your time. We have a fast, straightforward process, and we bond over 99% of our customers.
3. Get a Quote
Most bond applicants get an instant quote from us. If your situation is more complicated, however, you will receive your bond quote within 48 hours.
4. Buy Your Bond
After reviewing your contractor bond quote, only one step remains. You can conveniently pay your new bond’s premium online. Once this step is complete, the bond is emailed directly to you. You can also receive a mailed copy upon request.
We are happy to answer any questions you have and provide assistance with any challenges. Contact us or call us at (877) 514-5146.
Contractors License Bond Requirements in Connecticut
The Connecticut Department of Consumer Protection is responsible for home improvement contractor requirements. The required bond amount for a home improvement contractor is $15,000. The obligee is the State of Connecticut.
Several Connecticut cities have additional contractor requirements. These cities include:
|
Surety Bond |
Bond Amount |
Premium |
|
City of Bristol Curb, Sidewalk, and Driveway Contractor Bond |
$10,000 |
From $100 |
|
$10,000 |
From $100 |
|
|
City of Milford Contractor Bond |
$10,000 |
From $100 |
|
City of New Britain Concrete Walks Contractor Bond |
$5,000 |
From $100 |
|
City of New Haven Excavation Contractor Bond |
$10,000 |
From $100 |
|
City of New Haven Sidewalk Contractor Bond |
$10,000 |
From $100 |
|
City of New London Contractor Bond |
$10,000 |
From $100 |
|
$1,000 - $100,000 |
From $100 |
|
|
$5,000 - $250,000 |
From $100 |
|
|
City of Waterford Contractor Bond |
$1,000 - $100,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
Town of West Hartford Private Contractor Public Right of Way Bond |
$10,000 |
From $100 |
|
$10,000 |
From $100 |
|
|
City of Bridgeport Street Excavating, Curb and Sidewalk Bond |
$20,000 |
From $200 |
|
$1,000 - $100,000 |
From $100 |
|
|
Town of Monroe Planning and Zoning Commission Site Restoration and Stabilization Bond |
$1,000 - $100,000 |
From $100 |
|
Town North Haven Highway Excavation Bond |
$5,000 |
From $100 |
|
Town of East Haven Highway Excavation Bond |
$10,000 - $100,000 |
From $100 |
|
$10,000 |
From $100 |
|
|
City of Hartford Excavation Permit Bond |
$10,000 |
From $100 |
|
Town of Cheshire Drain Layer Bond |
$5,000 |
From $100 |
|
Town of Darien Building Sewer Connection Permit Bond |
$3,000 |
From $100 |
|
Town of Monroe Inland Wetlands Commission Site Restoration and Stabilization Bond |
$1,000 - $100,000 |
From $100 |
|
Town of Portland Contractor Bond |
$5,000 |
From $100 |
|
Town of Wethersfield Street Excavation Bond |
$10,000 |
From $100 |
|
City of Hartford Sidewalk and Curb Performance and Payment Bond |
$10,000 |
From $100 |
|
$4,000 |
From $100 |
|
|
City of Stamford Street Opening or Excavation Bond |
$2,000 - $100,000 |
From $100 |
|
$10,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
Town of Ellington Excavation or Removal Bond |
$1,000 - $25,000 |
From $100 |
|
Town of Windsor Locks Drain Layer and Excavator Bond |
$5,000 |
From $100 |
|
$25,000 |
From $250 |
|
|
Westridge Sanitation District Warrant and Maintenance Bond |
$1,000 - $100,000 |
From $100 |
Contractors in Connecticut must maintain their surety bonds in order to continue working in their trade. Your bond’s premium is due annually. We will be in touch with bond renewal instructions at that time.
How to Get Your Connecticut Contractor License
After learning how to get a contractor license, you can complete the steps required to comply with state or local regulations. Specific documentation required for a contractor license is dependent on the trade and location. Documents that are commonly required include:
- Application
- Surety bond
- Fees
- Professional resume
- References
- Liability insurance
- Corporate documents filed with the Secretary of State, if applicable
For full details about the licensing procedures and specific documents required, contact your local authority. For a home improvement contractor license, you can contact:
Connecticut Department of Consumer Protection
450 Columbus Boulevard, Suite 901
Hartford, CT 06103-1840
Phone: (860)713-6100
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Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
