Comprehensive Coverage for Construction Professionals
Surety bonds required for contractor licenses, permits, and construction contracts throughout Bergen County and New Jersey.
Surety bonds are three-party agreements that guarantee contractors will fulfill their obligations. Whether you need a license bond for your NJ contractor registration, a performance bond for a public project, or a permit bond for local work, we provide fast, affordable bonding solutions through multiple surety companies.
Common bonding requirements in New Jersey
$5,000 bond required for NJ HIC registration
Federal Miller Act and NJ Little Miller Act requirements
Local bonds for sidewalks, driveways, utilities
Performance bonds for large private projects
May need bonds when working for bonded GCs
Subdivision and site improvement bonds
Required for NJ Home Improvement Contractor registration
Guarantees project completion per contract terms
Ensures subcontractors and suppliers get paid
Required when bidding on public projects
Guarantees work quality for specified period
Required by municipalities for certain work
Guarantees material delivery
Required for development projects
Most bonds issued same day with proper documentation
Access to 10+ surety companies ensures best rates
We help navigate complex bonding requirements
Establish credit for ongoing bonding needs
Assistance if bond claims arise
Help improve your bonding capacity
Get an accurate quote based on your specific needs
Get Custom QuotePerformance bond pays to complete work
Outcome: Project finished by replacement contractor
Payment bond satisfies the claim
Outcome: Property owner protected from liens
Maintenance bond covers repairs
Outcome: Corrections made at no cost to owner
Bond premiums typically range from 1-3% of the bond amount for standard risks. A $50,000 performance bond might cost $500-$1,500 annually. Rates depend on credit score, financial strength, and bond type. Some license bonds have flat fees.
Insurance protects you from covered losses. Bonds protect your customers, guaranteeing you'll fulfill obligations. If a bond claim is paid, you must reimburse the surety company. Bonds are required by law or contract, while insurance protects your assets.
Yes, we have surety programs for contractors with credit challenges. While rates may be higher, most contractors can get bonded. We'll work to find the best available terms and help you improve your bonding capacity over time.
Simple license bonds can be issued within hours. Performance bonds for larger projects may take 1-3 days for underwriting. Rush service is available. Having financial statements and project details ready speeds approval.
While bonds are required for public works, many private project owners also require bonds, especially for projects over $100,000. Having bonding capacity makes you more competitive and shows financial stability to potential clients.
Consider these additional coverages for comprehensive protection
Get your Contractor Bonds quote in minutes. Our experts are standing by to help you find the right coverage.