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How Much Does a Nevada Contractors Board License Bond Cost?
The cost of a Nevada contractor license bond ranges from $100 to $50,000. The specific cost is based on the trade and the location. For example, a contractors board license bond ranges from $1,000 to $500,000. A mechanic of manufactured homes bond is $5,000.
You do not need to pay the full bond amount, however. By purchasing your bond from an authorized Nevada surety company, you can get your bond with a premium payment of 1% to 10% of the required bond amount.
Your specific rate will be determined by your credit scores, liquid and fixed assets, and business experience. Bonds are available for most credit scores.
A contractor bond premium rate will be 1% to 3% for a 700 credit score or higher. A rate of 3% to 5% applies to applicants with a credit score of 600 to 699. For a credit score of 599 or lower, the premium rate is between 5% and 10%.
|
Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Nevada Contractors Board License Bond |
$500,000 |
$5,000 - $15,000 |
$15,000 - $25,000 |
$25,000 - $50,000 |
|
Residential Pool and Spa Contractor Consumer Protection Bond |
$400,000 |
$4,000 - $12,000 |
$12,000 - $20,000 |
$20,000 - $40,000 |
|
City of Henderson Alarm Contractor Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
City of Reno Excavation Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
Clark County Off-Site Improvement Bond |
$250,000 |
$2,500 - $7,500 |
$7,500 - $12,500 |
$12,500 - $25,000 |
|
Mechanic of Manufactured Homes Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
Nevada Residential Improvement Bond |
$100,000 |
$1,000 - $3,000 |
$3,000 - $5,000 |
$5,000 - $10,000 |
How to Get a Nevada Contractors License Bond
1. Determine the Surety Bond You Need
For full details about the Nevada contractor license bond and other state-mandated bonds, get in touch with the Nevada State Contractors Board. To learn more about city-mandated bonds, contact the local authority. Links to local authorities are listed below.
When our new client, Paul, recently contacted us, he needed a contractor bond for his new business. He took advantage of our online application to get a fast quote, and he paid the premium online right away. After receiving his bond via email, he finalized his contractor application quickly.
2. Apply for Your Bond
Buying your contractor bond in Nevada is easy to do, and the process begins by completing the online application. With numerous bond programs available for most credit scores, we have bonded more than 99% of applicants.
3. Get a Quote
Once your application is submitted, we will immediately provide you with a no-obligation, free quote for your new surety bond. If your situation is more complicated, we’ll give you a quote within 48 hours.
4. Buy Your Bond
To complete your Nevada contractor license bond purchase, make your premium payment online. After paying for the bond, we will email your bond directly to you. We are also happy to send a mailed copy upon request.
We take pride in our straightforward process, and we are available to help you with questions or challenges. Contact us or call us at (877) 514-5146.
Apply for your contractor license bond today and lock your rate for 90 days!
Contractors Board License Bond Requirements in Nevada
The Nevada State Contractors Board is the authorized licensing authority for all state-mandated contractor requirements. The specific amount of the surety bond required to hold a contractor license varies by trade and can vary in amount from $1,000 to $500,000. When determining the required bond amount, the Board will consider the type of license requested, the monetary limit granted, and the applicant's financial responsibility, experience, and character—both past, present, and future.
The obligee for the contractors board license bond is the State of Nevada. The bond is effective for two years. The contractor must renew the bond to maintain the contractor license. We will contact you when the annual premium is due and provide renewal instructions.
Some Nevada cities and counties have additional licensing requirements. These include:
|
Surety Bond |
Bond Amount |
Premium |
|
$10,000 |
From $100 |
|
|
Town of Orangetown Sewer Registration Bond |
$25,000 - $50,000 |
From $250 |
|
Town of Babylon License and Permit Bond |
$2,000 |
From $100 |
|
City of Amsterdam Electrician License Bond |
$5,000 |
From $100 |
|
Town & Village of Harrison Excavation and Soil Removal Bond |
$1,000 - $100,000 |
From $100 |
|
Rockland County Stream Control Act Permit Bond |
$1,000 - $25,000 |
From $100 |
|
Rockland County Stream Control Act Permit Bond |
$25,001 - $100,000 |
From $250 |
|
$1,000 - $100,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
New York City Street Obstruction Permit Bond |
$50,000 |
From $500 |
|
New York City Street Obstruction Permit Bond |
$100,000 |
From $1,000 |
|
Suffolk County Highway Permit Bond |
$1,000 - $50,000 |
From $100 |
How to Get Your Nevada Contractors Board License
Through our Nevada contractor license guide, you can learn more about how to obtain your license to do business in the state. Specific documentation needed to apply for a license varies by location. To obtain a Nevada contractors board license, required documents include:
- Application form
- A surety bond
- A state business ID
- A personal financial statement
- A fingerprint and background check
- Certificate of work experience
- A professional resume
- A child support information statement
- Verification of licensure
- $300 application fee
For more information and to apply for a license, contact:
Nevada State Contractors Board
8400 West Sunset Road, Ste 150
Las Vegas, NV 89113
Phone: (702) 486-1100
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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!
