S.C. Code § 40-11-262 lets a contractor file a continuous surety bond in lieu of the financial statement otherwise required to show net worth for the license group, in the same amount as the net worth requirement of § 40-11-260. For general Group 4, the net worth — and therefore the bond — is $250,000 (general Group 5 is $350,000). The bond names the State as obligee and benefits anyone damaged by a breach of a construction or labor/materials contract.

What the bond actually does

You need this bond if you're

Your general contractor bond application is in review — at this size underwriting may follow up within 48 hours, and most clear within 1–2 business days. Watch your inbox.

$5,000 flat: South Carolina's $250,000 Group 4 general contractor bond, filed in lieu of a financial statement with the Licensing Board. Issued instantly.

General Contractor License Bond — Group 4 ($250,000)

South Carolina - General Contractor License Group 4 ($250,000)

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

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Clear pricing.Instant issuance.