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How Much Does a Louisiana Contractor License Bond Cost?
A Louisiana contractor license bond ranges from $100 to $5,000. For contractors who must meet the state requirement, the bond amount is $10,000 or more. In addition, various municipalities have additional surety bond requirements for contractors.
To meet the requirements for a Louisiana contractor bond, you do not need to pay the full amount of the bond. Your bond can be purchased from an authorized surety company in Louisiana at a premium rate of 1% to 10%.
We provide bonds to more than 99% of our customers. The premium rate for your new bond is dependent on your financial assets, professional experience in the trade and credit scores.
Contractors with a credit score of 700 or better qualify for a 1% to 3% bond premium rate. With a score that falls between 600 and 600, the rate will be 3% to 5%. Contractors with a lower credit score will receive a rate of 5% to 10%.
|
Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Louisiana Contractor Licensing Board Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
Home Service Contract Provider Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
|
Ascension Parish Contractor Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
City of Denham Springs Contractor Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
City of Lake Charles Contractor Bond |
$7,500 |
$100 - $225 |
$225 - $375 |
$375 - $750 |
How to Get a Louisiana Contractor License Bond
1. Determine the Surety Bond You Need
Surety bond licensing and bond requirements are enforced by the Louisiana State Licensing Board for Contractors. In addition to meeting these guidelines, as applicable, you may need to comply with your local municipality’s bond requirements. A list of resources is available below.
A new customer, Sam, recently contacted us to buy a contractor bond. He anticipated a lengthy process, but it only took a few minutes to apply and receive a quote. After making the premium payment online, he received the bond via email and completed his contractor license application.
2. Apply for Your Bond
Once you know which bond requirements apply to you, take the next step by applying for your surety bond. With our online application, you can complete and submit your bond in a few minutes.
3. Get a Quote
Surety bond applications are processed instantly, so our customers receive immediate quotes. However, up to 48 hours are needed to review a more complex application and provide a quote. If you have questions about your quote, we are happy to help.
4. Buy Your Bond
To finish setting up your new surety bond, submit your premium payment online. We will quickly process your bond and email it to you. Your bond can also be emailed, if requested. If you have questions or run into a challenge, contact us or call us at (877) 514-5146 for assistance.
Apply for a free no-obligations quote on your contractor license bond!
Contractors License Bond Requirements in Louisiana
Under Louisiana law, contractors must have a net worth of at least $10,000 to obtain a state license. If they do not meet this net worth requirement, they must obtain a surety bond to compensate for the deficit. If the applicant has a negative net worth, the required bond may be over $10,000.
The following activities require a state-level license in Louisiana:
- Building construction
- Highway, street and bridge construction
- Heavy construction
- Municipal and public works construction
- Electrical
- Mechanical
- Plumbing
- Hazardous materials
- Residential construction
The required bond must remain active to maintain the state-required license. The obligee is the Louisiana Department of Revenue. The Louisiana State Licensing Board for Contractors is responsible for licensing.
In addition, local municipalities may have additional contractor bond requirements. These include:
|
Surety Bond |
Bond Amount |
Premium |
|
$5,000 |
From $100 |
|
|
City of Baton Rouge Contractor Bond (Fence) |
$1,000 |
From $100 |
|
City of Baton Rouge Contractor Bond (Electrical, Master Plumber) |
$5,000 |
From $100 |
|
City of Baton Rouge Contractor Bond (General) |
$10,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
$7,500 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$15,000 |
From $150 |
|
|
$5,000 |
From $100 |
|
|
City of Zachary Contractor Bond (electrical) |
$5,000 |
From $100 |
|
City of Zachary Contractor Bond |
$10,000 |
From $100 |
|
East Baton Rouge Electrical Contractor Bond |
$5,000 |
From $100 |
|
City of Central Contractor Bond |
$5,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
East Baton Rouge Mechanical Contractors Bond |
$5,000 |
From $100 |
|
City of Jennings Contractor Bond |
$100 - $10,000 |
From $100 |
|
West Baton Rouge Parish Contractor License Bond |
$5,000 |
From $100 |
|
City of Sulphur Home Improvement Contractor Bond |
$15,000 |
From $150 |
|
City of Pineville Contractor Bond |
$5,000 |
From $100 |
|
City of Baker Contractor License Bond |
$5,000 |
From $100 |
How to Get Your Louisiana Contractor License
With our resources, you can easily learn about how to get a Louisiana contractor license. Each municipality has its own licensing requirements. For a state-level license, you must provide:
- Application
- Surety bond, if you do not meet the net worth requirement of $10,000
- Business entity documentation, if application
- Credentials
- Reciprocity request, for out-of-state applicants
- Certificate of insurance
- Designation of a qualifying party
For more information, contact:
Louisiana State Licensing Board for Contractors
600 North Street
Baton Rouge, LA 70802
Phone: (225) 765-2301
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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!
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!
