The Full Alaska Contractor License Bond Guide
The Division of Corporations, Business and Professional Licensing at the Alaska Department of Commerce, Community and Economic Development regulates the work of contractors in the state. Most contractor license types will be required to post a contractor license bond.
Questions about Contractor License Bonds in Alaska
When Do You Need an Alaska Contractor Bond?
Only certain types of Alaska contractors need bonding.
- All contractors who want to work on projects with a value above $10,000
- General contractors
- General contractors with residential endorsement
- Specialty contractors
- Mechanical contractors
- Home inspectors
You can consult the bond amounts for each license type in the table below.
The bonding guarantees your compliance with the Alaska Statutes (AS), Title 8, Chapter 18, Construction Contractors and Home Inspectors and all other applicable laws. According to Section 71, by posting a bond you agree to pay all state taxes and fees, as well as to pay all workers and suppliers. The bond also protects project owners in cases of negligent work.
If you want to get started with your bonding process, you can fill out our online application and receive a free bond quote in no time.
Check out our contractors bond guide in case you need bonds for bidding on public or private construction projects.
How Much Does a Contractor Bond Cost in Alaska?
The cost of your bond depends on the bond amount required for your license type.
To get bonded, you have to pay only a premium, which is usually just a few percent of the total amount. Your actual cost depends on the strength of your personal and business finances, with your personal credit score being the most important factor.
You can see an estimate of your bond cost in the table.
|Your Alaska Contractor License Bond Cost per License Type|
|License Type||Bond Amount||Starting Price|
|All contractors (projects valued $10,000 or more)||$5,000||$100|
|Mechanical contractors, specialty contractors, and home inspectors||$10,000||$100|
|General contractors with residential endorsement||$20,000||$200|
You can find out all about the factors influencing your premium in our How Much Does a Surety Bond Cost? guide.
Do you have more questions about getting an Alaska contractor license bond? Don’t hesitate to consult our experts by calling us at (877)-514-5146.
What Are the Alaska Contractors License Requirements?
You can apply for three types of contractor licenses in Alaska:
- General contractor license
- Specialty contractor license
- Mechanical contractor license
The requirements for each type are different, but some of common ones include:
- Obtaining an Alaska Business License
- Choosing up to 3 specialty trades (for specialty contractors)
- Getting Residential Endorsement (for residential contractors)
- Obtaining public liability and property damage insurance
- Getting workers’ compensation insurance (if employing staff)
- Paying the required license and application fees
All licenses and contractor license bonds need to be renewed every two years:
- Residential and general contractor licenses expire on December 31st of even years
- Specialty and mechanical contractor licenses expire on December 31st of odd years
You can undergo the Alaska contractor license renewal online.
Still Have Questions? Check Our FAQ Pages
What Our Clients Have To Say?
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