What a contractor license bond is
Some states, and many cities and counties, make contractors post a bond to get or renew a license. It protects customers, workers and the public if the contractor breaks the licensing laws, for example by abandoning a job or not paying workers. The contractor repays the surety for any claim it pays.
In New Hampshire
New Hampshire does not license general or home improvement contractors at the state level, so there is no state contractor license bond. Electricians, plumbers and gas fitters are licensed as individuals by the Office of Professional Licensure and Certification without a contractor bond.
- The New Hampshire Attorney General states that home contractors are not required to be licensed by the state.
You need this bond if you're
- A contractor applying for a new license
- A contractor renewing or reactivating a license
- A business changing its entity type or qualifier
- A contractor starting work in a city or county that requires its own bond
What the surety looks at
Basic business and owner details. Most license bonds need a credit check but no financial statements.