A new law in New Jersey requires all Home Improvement and Home Elevation Contractors to carry a license bond. We’ve created the shortest / easiest application!
Bond amount required:
1. $50,000 for the performance of services pursuant to a contract valued at more than $120,000 or for the performance of services, in the previous 12 months, for contracts valued at a minimum of $750,000;
2. $25,000 for the performance of services pursuant to a contract valued between $10,000 and $120,000 or for the performance of services, in the previous 12 months, for contracts valued between $150,000 and $750,000; and
3. $10,000 for the performance of services pursuant to a contract valued at less than $10,000 or for the performance of services, in the previous 12 months, for contracts valued less than $150,000.
Contact all your contractor clients now, plus any contractor associations. You can promise our legendary, fast service on these. Get the app here!
FIA Surety / First Indemnity of America Insurance Company
2740 Rt. 10 West, Suite 205
Morris Plains, NJ 07950
Office: 973-541-3417
A Carrier Providing A rated, T-listed Bonds in All States!!