Mechanical contractors in South Carolina are licensed and regulated by the state’s Contractor’s Licensing Board.
In place of providing a financial statement, in May of 2018, you are given the option to file a surety bond in its stead. The amount of surety bond required is twice the amount of required net worth.
The mechanical contractor bond uses the same bond form as the general contractor bond. The SC general contractor bond is also offered by AmeriPro Surety Bonds.
The breakdown in the amount of surety and the estimated premium for the South Carolina mechanical contractor bond are as follows:
This comes to about 1.5% for well qualified applicants. Good credit will be required for approval through our agency.
As part of the application process required by our underwriters, you will be asked the following:
With the exception of an active bankruptcy, any affirmative answers are not automatically disqualifying; however, you will likely pay a higher premium.
A South Carolina mechanical contractor bond is issued for one year, and thereafter the bond is renewed. An active, current surety bond ---unless you provide the statutory financial statement – must remain on file as a prerequisite for licensing.
While required of you as a condition of licensing in lie of a financial statement, the purpose of a mechanical contractor surety bond is a financial guarantee for the South Carolina consumer.
The bond protects against breach of contractual obligations, as also the providing contracting materials and labor as needed for a project.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout South Carolina. We also provide surety bonds nationwide.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you…