South Dakota – Sioux Falls Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Contractors- Sioux Falls, South Dakota
Residential contractors working anywhere in Sioux Falls, South Dakota, must meet a $20,000 surety requirement.
Even if you are a general contractor, the bond must specifically state that you are “Residential Building Contractor”; stating that you are a general contractor alone will cause the surety bond to be rejected by the city.
Also, only the original surety bond will be accepted by Sioux Falls; emailed copies are inadequate.
Meeting the surety with our agency will take just a few minutes.
Qualifying and the Premium
You are automatically approved for the $20,000 Sioux Falls residential building contractor bond. The premium is just $100 for a one year term.
When you call us, we’ll ask you the following:
- The name, exactly as it should appear on your bond. The name on your surety bond should match the name on any other paperwork you’ll be submitting.
- Your address;
- Type of license (i.e. “residential building contractor”)
After payment of the premium, our agency will issue your bond and mail it to you. Upon receipt, you’ll sign your bond as Principal.
The bond will be filed to:
Planning and Development Services
231 North Dakota Avenue
P.O. Box 7402
Sioux Falls, SD 57117-7402
Premium Prepayment Options
At $100 premium, your $20,000 Sioux Falls residential contractor bond is active for one year. The option also exists to prepay your bond premium up to 3 years.
Premium prepayment offers you a savings over annual renewals, besides allowing you the lengthen the time between renewals.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
Purpose of this Bond
The purpose of your contractor licensing bond is to serve as a financial guarantee that you will be in compliance with all regulations and rules concerning your profession and that you will any damage caused by you or those whom you employ.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, and probate surety bonds in South Dakota.
Our agency also provides surety bonds in all 50 states.
Please contact us today at:
Or, you may fill out the form below and a Surety Agent will contact you…