S.C. Code 40-11-262 lets a general or mechanical contractor file a surety bond in lieu of the net-worth or working-capital financial statement required by 40-11-260, in an amount equal to the requirement for the applicant's license group. The bond lists South Carolina as obligee, runs for the benefit of any person damaged by a breach of a construction contract, and must be continuous. Confirm your group's amount on your application — Group 5 corresponds to the $350,000 figure.

What the bond actually guarantees

You need this bond if you're

Your Group 5 bond application is in review. A $350,000 bond gets a quick underwriting look; most clear within 1–2 business days, and an underwriter reaches out within 48 hours if anything else is needed.

$7,000 flat for South Carolina's $350,000 GC Group 5 bond, filed with the LLR Contractor's Licensing Board in place of net worth. Issued instantly.

General Contractor License Group 5 Bond ($350,000)

South Carolina - General Contractor License Group 5 ($350,000)

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.