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Contractor License Bonds - new bond for new business


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Old 04-21-2008, 10:32 PM
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Join Date: Apr 2008
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Default new bond for new business

I need two bonds at 10,000 a peice for in order to start a business one has to have me as the one who is bonded and the other can be our business. My wife has perfect credit and mine was screwed up a little , can we do our bonds like this with her as one for the business and me for the master license?And what is an average cost for a bond like we want?
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Old 04-22-2008, 08:59 AM
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If the company is to be bonded, the underwriter will look at the owner(s) credit, the owner(s) personal financials, owner(s) experience, and the business financials of the company.

If it is an individual to be bonded then there are no business financials to review, but everything listed above will be reviewed.


It is up to you and whoever is requiring the bond as to who is to be listed on the bond...
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