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How Much Does a Nebraska Contractor License Bond Cost?
The cost of a Nebraska contractor license bond ranges from $100 to $2,500. There is a statewide bond requirement of $5,000 for farm contractors. Additional contractor bond requirements are established by local governments and range from $1,000 to $25,000.
To meet your location’s bond requirement, however, you do not need to pay the full amount of the bond. Instead, buy your bond through a Nebraska surety company. By doing so, you can pay a premium of 1% to 10% of the bond amount rather than the full bond amount.
The rate that you qualify for is based on your business experience as well as your assets and credit scores. We provide bonds for most credit scores.
If your credit score is 700 or higher, your bond rate will fall between 1% and 3%. If your score is between 600 to 699, your premium will be between 3% to 5%. For lower credit scores, the rate is 5% to 10%.
|
Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Nebraska Farm Contractor Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
City of Aurora Contractor Bond |
$20,000 |
$200 - $600 |
$600 - $1000 |
$1000 - $2000 |
|
City of La Vista Contractor Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
City of Lincoln Contractor License Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
City of Omaha Contractor Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
City of Omaha Electrical Contractor Bond |
$12,500 |
$125 - $375 |
$375 - $625 |
$625 - $1,250 |
How to Get a Nebraska Contractor License Bond
1. Determine the Surety Bond You Need
For questions about the state’s farm contractor bond, contact the Nebraska Department of Labor. The City of Aurora is the authority on contractor licensing and bond requirements in the municipality. Other municipalities also have their own governing bodies for contractor licensing. Additional links for relevant licensing and bond requirements are found below.
Our team has more than 10 years of experience in the bond industry. We are available to answer your questions and assist with your surety bond purchase.
2. Apply for Your Bond
We make it easy to set up your new surety bond in Nebraska with an online application. This is a short application that asks for key details like the bond type and amount needed. Our company has proudly provided bonds to more than 99% of our valued customers.
3. Get a Quote
Immediately after submitting your bond application online, you will receive a competitive, no-obligation quote. For more complicated applications, we provide free quotes within 48 hours.
Chris needed to set up a new farm contractor bond right away, and he contacted us to learn if he would qualify with a lower credit score. Chris was thrilled to get an instant quote from us. He quickly made the premium payment online and had his bond without delay.
4. Purchase Your Bond
Once you've reviewed the bond quote, the final step is to pay your premium through our online portal. Your bond will be delivered directly to your inbox, with the option to have it mailed upon request.
We aim to make your bond purchase as easy as possible, and our friendly bond experts are here to assist you. Contact us or call (877) 514-5146 for any questions.
Apply for a free no-obligations quote on your contractor license bond!
Contractor License Bond Requirements in Nebraska
The Department of Labor is responsible for managing the registration of all contractors in the state as well as processing and maintaining farm contractor licensing. A $5,000 surety bond is required when submitting a farm contractor license application. The obligee is the Commissioner of Labor.
Other contractors may need to meet license and bond requirements for their municipality. For these bonds, the obligee is the local governing authority. Some of the cities in Nebraska with established contractor license and bond requirements are:
|
Surety Bond |
Bond Amount |
Premium |
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
City of Omaha Contractor Bond |
$12,500 |
From $125 |
|
City of Omaha Commercial Air Conditioning Contractor Bond |
$10,000 |
From $100 |
|
City of Omaha Excavation Contractor Bond |
$20,000 |
From $200 |
|
City of Omaha Residential Air Conditioning Contractor Bond |
$10,000 |
From $100 |
|
City of Scottsbluff Right of Way Contractor Bond |
$1,000 |
From $100 |
|
City of South Sioux City Contractor Bond |
$10,000 |
From $100 |
Your contractor bond must remain active at all times to meet licensing requirements. Our team will be in touch prior to your bond’s expiration date to help you renew the bond.
How to Get Your Nebraska Contractor License
Learning how to get a contractor license is easy to do. Specific documents and fees required to obtain a contractor license in Nebraska vary by the license type and location. Some of the documentation that you may be required to submit includes:
- An application form
- A surety bond
- Proof of liability insurance
- Application and license fees
Contact your state or local authority to learn more about the documentation required for the specific license and bond that you need. Additional information regarding contractor registration and requirements in Nebraska is available by contacting:
Contractor Registration – Nebraska Department of Labor
550 S. 16th Street
Lincoln, NE 68508
Phone:( 402) 471-2239
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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!
