South Carolina Group 5 contractor bonds.
$10,000 flat.
Also known as the South Carolina Group 5 Contractor License Bond.
Looking for the South Carolina mechanical contractor bond?
South Carolina lets a general contractor file a surety bond in place of a financial statement with the LLR Contractor's Licensing Board (S.C. Code §40-11-262). This page issues the $500,000 Group 5 bond at a flat $10,000, but the statute pegs the bond to the group's net worth, $350,000 for Group 5, so confirm the amount your Board requires.
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How much does a South Carolina Group 5 contractor bond cost?
$10,000 at the $500,000 amount, the same for every applicant.
Three steps to licensed.
Your contractor's license is waiting on either a financial statement or this bond. Here's the entire process:
Apply once, online
Business details, owner information, a few commercial questions, and the effective date — that is the application, plus a one-time consent to a soft credit pull.
Reviewed & approved
A larger contractor bond like this gets an underwriting look; you typically hear back within 48 hours. One soft credit pull, never a hard inquiry, and it never affects your score.
E-sign & file with the Contractor's Licensing Board
Pay online and receive the executed bond, ready to file with LLR in place of your net-worth financial statement. Wet-ink originals mailed whenever the Board insists.
What it is and who needs it.
What the contractor bond actually does
South Carolina licenses general contractors through the LLR Contractor's Licensing Board under Title 40, Chapter 11. Each license group carries a minimum net-worth or working-capital requirement that sets how large a project you can bid — Group 5 is the top tier, with no bid limit, requiring a net worth of $350,000 (or working capital of $250,000).
Under S.C. Code §40-11-262, instead of submitting a financial statement, an applicant may post a surety bond in the same amount as the net worth required for the license group. For Group 5 that statutory figure is $350,000. The bond must stay continuous while the license is active and can be canceled only on 30 days' notice — if it lapses, you must show net worth within 10 days or face suspension.
This page is set up to issue a $500,000 Group 5 bond, which is higher than the statutory $350,000 minimum. We'd rather flag that than quietly issue the wrong number: tell us the exact amount your Board requires and we issue at that figure. The premium is a flat $10,000 either way.
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 $500,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The bond runs to October 31 whatever day you buy; the premium covers the period to that date.
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
E-sign & file with the Contractor's Licensing Board. Pay online and receive the executed bond, ready to file with LLR in place of your net-worth financial statement. Wet-ink originals mailed whenever the Board insists.
What sets the price
The premium is fixed at $10,000 at the $500,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application: approved instantly, or after a quick credit check.
These are the actual underwriting fields, including a few commercial questions and a one-time consent to a soft credit pull. A larger bond like this is typically issued within 1–2 business days.
Start the application →Common questions.
Other South Carolina bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Your contractor's license, one document closer.
Pricing is a flat $10,000, short application, e-signed bond in 1–2 business days. Confirm your amount and we issue at that figure. Free until issued.