North Carolina Contractor License Bond

North Carolina requires a contractor bond before you can be licensed. The size depends on your license. You file it with the North Carolina contractor board. It protects your customers.

Bond Amount
$10,000–$75,000
Typical Premium
$100–$1,500/yr
Term
1 Year
Required By
NC Licensing Board for General Contractors (NCLBGC)
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What Is the North Carolina Contractor License Bond?

A North Carolina contractor bond is a money guarantee. It protects the people who hire you, not you. If you break contractor rules or leave a job unfinished, they can claim against it. The surety pays, then you repay the surety.

The amount depends on your license classification, from $10,000 to $75,000.

Who Needs This Bond in North Carolina?

How to Get Bonded — Step by Step

  1. Apply to be licensed.
  2. Get your bond here — quick approval for most.
  3. Turn in the bond with the North Carolina contractor board.
  4. Get licensed and take on jobs.

Renewal & Continuous Bond Coverage

Your North Carolina license is good for one year. Line up a new bond before it ends so your license never drops.

Frequently Asked Questions

How is the North Carolina bond amount set?

By your license classification, from $10,000 to $75,000.

Does the North Carolina bond protect me?

No. The bond protects your customers and the state, not you. If a claim is paid, you repay the surety. The bond is not your own insurance.

How fast can I get bonded in North Carolina?

We shop several sureties for you, often within a day. Many bonds are issued the same day for good credit.

How much does the bond cost?

You pay a yearly premium — a small percent of the bond amount. Your rate depends mostly on your credit.

How a Surety Bond Works

A contractor bond is a type of surety bond. The picture below shows the three parties and what happens if someone files a claim.

Diagram of how a surety bond works: the obligee requires the bond, the principal applies and signs an indemnity agreement, and the surety issues the bond; if the principal fails, the obligee files a claim, the surety investigates and may pay, and the principal reimburses the surety.

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This Contractor License Bond in other states
Alaska · Arizona · Arkansas · California · Hawaii · Maryland · Michigan · Nevada · New Jersey · Pennsylvania · Virginia
Other North Carolina surety bonds
Auctioneer Bond · Collection Agency Bond · Motor Vehicle Dealer Bond

Related: All North Carolina surety bonds · What is a surety bond? · How surety bond costs are calculated

Underwriting Disclosure. All surety bond applications are subject to underwriting review and approval by the issuing surety company. Quoted premiums are estimates only; final pricing is determined by individual underwriting factors, which may include personal and business credit history, financial statements, industry experience, and claims history. Many bonds qualify for instant online approval, while others may require additional documentation, financial review, or indemnitor signatures prior to issuance. SuretyBondly makes no representation, warranty, or guarantee of approval, eligibility, premium amount, bond form, or issuance timing. Bond amounts, forms, and requirements are governed by the applicable obligee and statutory authority and may change without notice. Information provided on this page is for general informational purposes only and does not constitute legal, financial, or tax advice.