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How Much Does a Wyoming Contractor License Bond Cost?
The cost of a Wyoming contractor license bond starts at $100. Nonresident contractors must obtain bonds to legally conduct business within the state, while resident contractors are typically licensed at the city or county level. Your specific bond requirement is determined by your trade and business location.
Some municipalities have varying bond requirements. For example, the bond required for a Town of Jackson contractor license is $10,000, while the City of Gillette contractor license bond is $5,000.
Rather than pay the full bond amount, license applicants can purchase a bond through a Wyoming surety company. The premium amount for a contractor license ranges between 1% and 10% of the bond amount.
The premium amount is determined by the applicant’s business financials and experience, personal assets and credit scores.
The premium rate for applicants with a 700 credit score or higher ranges from 1% to 3%. The rate for applicants with a credit score between 600 to 699 is 3% to 5%. A 5% to 10% premium rate applies to applicants with a credit score below 599.
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Surety Bond Cost Based on Credit Score |
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|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Town of Jackson Contractor License Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
|
City of Gillette Contractor License Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
City of Lander Contractor Bond |
$10,000 |
$100 - $300 |
$300 - $500 |
$500 - $1,000 |
How to Get a Wyoming Contractor License Bond
1. Determine the Surety Bond You Need
The Wyoming Department of Revenue can provide more information about the surety bond requirement for nonresidents. Your local authority is your source for information about local contractor licensing and bond requirements.
2. Apply for Your Bond
Complete the online application to begin the easy process of buying your bond. With numerous bond programs available, we provide bonds to more than 99% of applicants.
3. Get a Quote
Most of our customers receive an immediate quote from us. If your application is more complex, you will receive a quote within 48 hours of submitting your application.
4. Purchase Your Bond
Pay your premium online, and your bond will be available immediately. We’ll send your bond directly to your email account. Upon request, we can mail your bond to you as well.
If you have any questions or encounter any difficulties, our surety bonds experts are here to help you – contact us or call us at (877) 514-5146.
Apply for a free no-obligations quote on your contractor license bond!
Contractor License Bond Requirements in Wyoming
In Wyoming, contractor license bonds are primarily mandated by local municipalities, while nonresidents must obtain state-level licenses through the Wyoming Department of Revenue. Each municipality enforces specific bond amounts and obligees tailored to their jurisdiction and trade. Some cities offer reciprocity, allowing contractors to use licenses from other municipalities.
|
Surety Bond |
Bond Amount |
Premium |
|
$5,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
City of Newcastle Contractor Bond |
$1,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
$10,000 - $25,000 |
From $100 |
|
|
$2,000 |
From $100 |
|
|
City of Worland Contractor Bond |
$5,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
Non-Resident Contractor Sales and Use Tax Bond |
$1,000 - $150,000 |
From $100 |
|
Non-Resident Contractor Sales and Use Tax Bond |
$1,000,000 |
From $10.000 |
A license may be suspended if the bond is canceled or not renewed. Bonds are valid for one year. We will notify you prior to the expiration date of your bond with updated premium pricing and instructions for the bond renewal.
How to Get Your Wyoming Contractor License
When looking at how to get a contractor license in Wyoming, it is important to look at the right requirements for your trade and location. If you hold a similar license in another location, research reciprocity rules to determine if you need to apply for a new license.
While the steps and documentation to get a contractor license in Wyoming vary for each municipality, many types of licenses require you to have classroom training and hands-on experience in your trade. When applying for a new license, you may also need to provide:
- A license application form
- Proof of liability and worker’s compensation insurance
- A Wyoming surety bond
- Registration for your business and trade name
- An employer identification number from the IRS
- A background check
- Government-issued ID
- Application fee
Documentation should be submitted to the appropriate licensing authority.
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What Our Clients Have To Say?
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!
