Maryland home improvement bonds.
$1,750 flat.
Maryland's Home Improvement Commission (MHIC) lets a contractor file a $100,000 surety bond in lieu of financial statements when applying or renewing. Ours is $1,750 flat — set by our carrier's rate book for this bond, the same for every contractor.
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How much does a Maryland home improvement bond cost?
$1,750 at the $100,000 amount, the same for every applicant.
Three steps to licensed.
Your MHIC application or renewal is waiting on this bond. Here's the entire process — no broker phone tag:
Apply once, online
Business details, owner information, effective date.
Approved
Approved as soon as you apply. There is no underwriting queue.
E-sign & file with the MHIC
Pay online and receive the executed Maryland Home Improvement Contractor’s Bond, ready to file with your MHIC application or renewal. Wet-ink originals mailed whenever the Commission insists.
What it is and who needs it.
What the bond actually guarantees
Maryland licenses home improvement contractors through the Home Improvement Commission under the Business Regulation Article. The Commission requires each contractor to demonstrate financial solvency — and a contractor who would rather not submit financial statements can instead file a $100,000 surety bond.
The bond runs for the benefit of the Maryland Home Improvement Guaranty Fund. The Fund compensates homeowners for losses from unworkmanlike, inadequate, or incomplete home improvement work by a licensed contractor. If the Fund pays out because of your work, it can recover against your bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. Note the $100,000 bond is the larger of two options: contractors who do provide financial statements may instead qualify for a smaller bond. Confirm with the MHIC which path your application takes, and we'll write the right one.
You need this bond if you're
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 $100,000 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.
Renewal falls on the statutory date, October 8, in the year your term ends.
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
E-sign & file with the MHIC. Pay online and receive the executed Maryland Home Improvement Contractor’s Bond, ready to file with your MHIC application or renewal. Wet-ink originals mailed whenever the Commission insists.
What sets the price
The premium is fixed at $1,750 at the $100,000 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 underwriting fields. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Maryland bonds.
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.
$1,750 flat, no credit check, bond issued when you pay. Free until issued.