South Carolina general contractor license bonds.
$400 flat.
Looking for the South Carolina general contractor bond?
South Carolina lets a Group 1 general contractor file a $20,000 surety bond in place of a financial statement to meet the net-worth requirement for licensure. Ours is $400 flat — set by our carrier’s rate book for this bond — and license bonds like this issue instantly.
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How much does a South Carolina general contractor license bond cost?
$400 at the $20,000 amount, the same for every applicant.
Three steps. One sitting.
License bonds are the simplest thing in surety. Here’s the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
License bonds like this are among the thousands of bond types that issue right after purchase.
File with the Licensing Board
Your executed bond and power of attorney arrive by email, ready to file with your Contractor’s Licensing Board application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually does
South Carolina licenses general and mechanical contractors through the Contractor’s Licensing Board at the Department of Labor, Licensing and Regulation (LLR), and applicants must show a minimum net worth or working capital for their license group. Group 1 — the entry tier — carries the lowest threshold.
Rather than file a financial statement, S.C. Code 40-11-262 lets a Group 1 applicant post a $20,000 surety bond to satisfy that requirement. The bond is a guarantee to the State and the public that you’ll comply with South Carolina contractor law; if you violate it and someone is harmed, they can claim against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is subject to the Board’s statutory renewal cycle, so we track it and notify you 60 and 30 days out to keep your filing continuous. For higher license groups the net-worth threshold rises — send us your group and we’ll confirm the figure.
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 $20,000 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 term it sets; the term cannot be changed at checkout.
Renewal falls on the statutory date, October 31, 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
File with the Licensing Board. Your executed bond and power of attorney arrive by email, ready to file with your Contractor’s Licensing Board application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $400 at the $20,000 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 South Carolina bonds.
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Price and requirements checked on the carrier’s application, . Page updated .
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$400 flat, no credit check, bond often issued in the same sitting. Free until issued.