Surety bond required by the Nevada State Contractors Board (NSCB) of every licensed contractor, with the amount set by the monetary limit assigned to the license.
NRS 624.270 requires every contractor license to be backed by a surety bond. Nevada is unique in that the bond amount is tied directly to the monetary limit on each license — the maximum dollar value of a single contract the licensee is authorized to perform.
| License Monetary Limit | Required Bond |
|---|---|
| Up to $25,000 | $1,000 – $5,000 |
| $25,001 – $250,000 | $5,000 – $15,000 |
| $250,001 – $1,000,000 | $20,000 – $50,000 |
| $1,000,001 – $10,000,000 | $50,000 – $250,000 |
| Unlimited | $300,000 – $500,000 |
The NSCB sets the specific bond at license issuance and at every change of monetary limit. The bond protects parties damaged by violations of the contractors' license law.
Premium scales steeply with bond amount. Small contractors with $5,000 bonds pay $100/yr; large unlimited-license contractors with $500,000 bonds may pay $5,000–$25,000/yr.
| Credit Profile | Annual Premium | Approx. Rate |
|---|---|---|
| $1,000 bond | $100 | 10% |
| $5,000 bond | $100 – $150 | 2% – 3% |
| $15,000 bond | $150 – $450 | 1% – 3% |
| $50,000 bond | $500 – $1,500 | 1% – 3% |
| $250,000 bond, good credit | $2,500 – $7,500 | 1% – 3% |
| $500,000 bond, good credit | $5,000 – $25,000 | 1% – 5% |
Nevada contractor bonds run on 2-year cycles. NSCB reviews monetary limits annually and can require a higher bond if the limit increases. Reduction in monetary limit allows a lower bond at the next renewal. Failure to maintain the bond at the assigned amount results in license suspension within 30 days.
Nevada uses the monetary limit as a substitute for traditional volume-based bonding. Larger contracts mean larger potential consumer harm, so the bond scales with the contract size you're authorized to undertake.
Yes. Submit updated financials and NSCB will reassess. A higher monetary limit triggers a higher bond requirement; the surety usually issues a rider rather than a new bond.
No. One bond covers all classifications on the same license number. Separate license entities require separate bonds.
The Board sets the exact amount within the unlimited tier — commonly $300,000 to $500,000 based on financials. Some major contractors negotiate down based on demonstrated working capital.
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