Arkansas Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Contractors – Arkansas
Arkansas contractors are regulated by the Contractors Licensing Board. A condition of licensing is that in addition to meeting other requirements, you obtain a $10,000 surety bond. Fortunately, meeting the surety bond requirement is practically instantaneous, and will only take a few minutes of your time.
Qualifying and the Premium
You are automatically approved for the $10,000 Arkansas contractor bond. We’ll just need information from you which can be taken over the phone; and it’s not even so much an application as such, but rather how your surety bond should be titled, the address, etc.
Note that there is no credit check nor underwriter review for this bond; all applicants are approved.
After you’ve provided the requested information to us and paid the $100 premium, your contractor bond is issued to you immediately.
The original bond which will have the raised seal and our signature as Surety will be sent to you by the following business day. You’ll need to sign your bond as Principal before filing with the Board.
Additional Premium Payment Options
At $100 premium, the Arkansas contractor bond is issued for a standard one year term. Thereafter, your bond — and the premium — must be renewed in order to keep your license active.
Our agency offers you the option to prepay your bond up to 3 years. Prepayment of the premium allows you a savings over renewing your bond’s premium each, besides increasing the time between renewals.
The premium prepayment options 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 Your Surety Bond Requirement
In short, the contractor bond is a financial guarantee that you will conduct your professional activity in accordance with all relevant laws and statutes.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Arkansas. Our agency also provides surety bonds nationwide.
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