Who needs a contractor license bond in Missoula, Montana?
Various contractors in Missoula need a surety bond to fulfill city contractor requirements.
- Gas fitting contractors: $3,000 bond
- Sidewalk, curb, paving contractors: $10,000 bond
- Excavation contractors: $20,000 bond
- Over-sized loads/house moving contractors: $20,000 bond
- Public Utilities contractors: $50,000 bond
- Obtaining a certificate of insurance (minimum $300,000 general liability) with the City of Missoula listed as the certificate holder
- Providing evidence of worker’s compensation insurance or exemption
- Providing a copy of a State of Montana contractor registration
- Submitting a police background check ($55 per owner or employee)
Get Your Missoula Contractor License Bond:
How does a contractor license bond work?
A contractor license bond guarantees that contractors meet all obligations to their clients. By signing the bond agreement, contractors ensure they’ll abide by the standards and regulations of the obligee (City of Missoula). If a contractor breaks their agreement, clients can file a claim on the bond for compensation. The surety may cover the costs of valid claims upfront, but contractors are responsible for repaying the surety in full, up to the full bond amount. ZipBonds can often issue these bonds very quickly for premium rates as low as $100.
Frequently Asked Questions
When do I need to renew my bond?
License bonds most often have one-year terms. The specific renewal date will be listed on your bond form. Bonds and licenses need to stay current for you to remain in good standing.
Will I need multiple license bonds?
Typically, contractors only need one contractor license bond to work in a city or county. However, there may be some cases where local and state bonds are both required. Read your municipality’s requirements thoroughly to ensure you follow all applicable laws.
Apply for Your Contractor Bond in Missoula, MT
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.