Maryland home improvement bonds.
$263 flat.
The Maryland Home Improvement Commission (MHIC) requires license applicants to show $30,000 of net worth — or post a $30,000 surety bond in its place under Business Regulation § 8-302. Ours is $263 flat, identical for every contractor.
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How much does a Maryland home improvement bond cost?
$263 at the $30,000 amount, the same for every applicant.
Three steps to licensed.
Your MHIC license is waiting on this bond. Here’s the entire process — no broker phone tag:
Apply online
Business details, your MHIC license number if you have one, and an effective date. That is the application. No credit check.
Pay & e-sign
Fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase.
File with the MHIC
Your executed bond and power of attorney arrive by email, ready to file with your MHIC license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maryland licenses home improvement contractors through the Maryland Home Improvement Commission (MHIC) under Business Regulation Title 8. To be licensed, an applicant must show personal net worth of at least $30,000 — or file a $30,000 surety bond in its place. The bond is the simpler path for most contractors.
The bond backs the Home Improvement Guaranty Fund: it is a consumer-protection guarantee that the homeowners you work for can recover for an actual loss caused by your violation of the Home Improvement law. You (the principal), the surety, and the MHIC (the obligee) are the parties; the homeowner is the protected one.
The surety’s aggregate liability under the bond is capped at $30,000, and it is not insurance for you — if the surety pays a Guaranty Fund claim, you repay the surety. Contractors who want to skip the financial-statement process entirely sometimes file a larger bond; send us your situation and we’ll confirm the amount.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $30,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The carrier issues this bond for a single two-year term; the term cannot be changed at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the MHIC. Your executed bond and power of attorney arrive by email, ready to file with your MHIC license application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $263 at the $30,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Maryland bonds.
The same bond in nearby states.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
The MHIC is waiting on one document.
$263 flat, no credit check, bond often issued in the same sitting. Free until issued.