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Wisconsin Contractor Bond

  • Apply online for your Wisconsin contractor bond
  • Great contractor license bond pricing
  • Bad credit program available

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What Is a Wisconsin Contractor Bond?

Many types of construction contractors in Wisconsin have to obtain a contractor license bond to ensure their legal compliance. There is a state requirement for dwelling contractors to get bonded, and some cities also require different contractor specialists to get a bond.

The contractor bond protects your customers and the authorities that provide your licensing. It ensures that you will respect applicable laws. The bond can provide compensation to affected parties if you don’t meet your obligations and get a proven claim against your bond.

Your Wisconsin contractor bond is a three-party contract, just like most other surety bonds. The principal that has to get bonded is your contracting business. The obligee is the state or city authority that requires a bond from you. The third party that provides the bonding is the surety.

Apply for your contractor license bond today and lock your rate for 90 days!

Frequently Asked Questions

Who needs to obtain a Wisconsin contractor bond?

There is a licensing and bonding requirement for Wisconsin dwelling contractors on the state level. They have to present a bond to the Wisconsin Department of Safety and Professional Services. The amount is determined on a case-by-case basis.

Some cities across Wisconsin also require contractors to obtain a bond. These include LaCrosse, Milwaukee, Oshkosh, and Sheboygan. Make sure to check with your local authorities what their licensing criteria are, and whether you need to get bonded.

How much does a Wisconsin contractor bond cost?

The price you have to pay for your Wisconsin contractor license bond will depend on the bond amount required by the state or local licensing bodies. The amounts can also vary from applicant to applicant, and you can see some of them in the table below.

Whatever the requirement is, the bond premium is only a fraction of this bond amount. The typical percentages are in the range of 1%-5%, if your finances are in good shape. For example, for a $15,000 bond requirement, you may need to cover only $150-$750 premium.

Expected Premiums Based on Credit Score
Bond Type Surety Bond Amount Above 700 Between 650-699 Between 600-649 Below 599
Wisconsin dwelling contractor bond $25,000 $100 $100 $100 $100
Sheboygan City Contractor Bond, LaCrosse City Natural Gas Contractor Bond $10,000 $100-$150 $100-$300 $250-$500 $500-$1,000
Water Well Contractor Bond $5,000 $100 $100-$150 $150-$250 $250-$500
Milwaukee Home Improvement Contractor Bond $1,000 $100 $100 $100 $100

How exactly is your bond price is formulated? It’s done largely on the basis of your personal and business financials. When you apply with a surety, it considers your personal credit score, business finances, assets and liquidity, and even professional experience. The goal of this examination is to assess the risk of getting you bonded. If you are considered a solid applicant, you can expect to pay less for your bond.

If you’d like to learn more details about the formulation of your bond cost, make sure to check our surety bond cost page.

Can I get bonded with bad credit?

Struggling with problematic finances? Lance Surety Bonds’ Bad Credit Surety Bonds program may be just the right solution for you. It’s designed to help contractors with low credit scores, tax liens, bankruptcies, or civil judgements get the bond they need.

Since the bonding risk is higher, your bond premium is likely to be in the range of 5% to 10%. Still, we’ll make sure to select the best bonding options for your circumstances. We can do that because we forge close partnerships with a number of A-rated, T-listed surety companies, and can shop around for you.

How do I apply for my contractor license bond?

Getting started with your bonding is simple. You can apply online and get a free Wisconsin contractor bond quote. Once you complete the full application form and provide all the paperwork, we’ll deliver your exact bond quote in no time.

Apply for a free no-obligations quote on your contractor license bond!

Check out our How to Get Bonded page for all the facts on the bonding process if you need more details.

For any further questions, we’re here to help. Give us a call at (877) 514-5146 to get assistance.

How are bond claims handled?

The purpose of contractor bonds is to protect your customers and the authorities issuing your license from any fraud and misuse on your side. This means that they do not safeguard the interests of your company like insurance does.

If you transgress from applicable rules, you can face a claim on your bond. Affected parties can get a compensation up to the penal sum of your bond if the claim is proven. Your surety is in charge of covering the costs initially. According to the bond indemnity agreement, however, you have to repay it in full. This means that bond claims can cause serious financial harm to your contractorship. The wisest course of action is to avoid them completely.

How do I get a Wisconsin contractor license?

There is a statewide license for dwelling contractors in Wisconsin. You’ll have to undergo the licensing procedure set by the Wisconsin Department of Safety and Professional Services, and meet all Wisconsin contractor license requirements. They include providing business papers, financial documents, proof of professional experience, insurance policy, and a $25,000 bond.

For your city contractor license requirements, the local licensing bodies will inform you what criteria you need to meet to start your legal operation.

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What Our Clients Have To Say?

Kimberlee Ables
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!
Andrew Poincot
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!
Margie Martinez
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!

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