What is a Nevada Contractors Board License Bond?
Surely you’ve heard of scams and corruption-related activities initiated by contractors thereby bleeding dry their clueless clients and partners. To thwart these menacing incidents, Nevada-based contractors who want their businesses respected, who believe in fair dealings, and who sincerely care for their clients must secure the Nevada Contractors’ Board, License Bond.
A Nevada Contractors’ License Bond certifies that a servicer will dependably and equitably meet the terms of all of the regulations provided under Chapter 624 of the Nevada Revised Statutes, and carry out all agreed responsibilities and functions throughout the indicated period of the venture’s completion.
In like manner, the bond protects all consumers from contractors who will 1) use any of the funds given by the customer for anything other than the allotted task, 2) deceive the client for additional financial gains, and 3) fail to keep precise and truthful financial records for every undertaking.
Why do you need the Nevada Contractors’ Board License Bond?
You need the Nevada Contractor’s Board License Bond because your business and your clients are both important to you. The bond will add prestige to your name, and your company will be known as a dependable contracting firm. The bond can also make your business look very attractive to customers because they will naturally want to hire the services of a contracting organization that they can trust.
More details about the Contractors Board License Bond
Before getting bonded, an applicant obtains a license after the Nevada State Contractor’s Board has scrutinized the applicant’s credentials. This covers a general background check, an appraisal of the applicant’s capacity and understanding of the function or service in question, his/her overall proficiency, and the overall personality of the applicant.
This assessment process furnishes the State as well as the Nevada State Contractor’s Board with confidence in their license issuances.
How much is the Nevada Contractors’ Board License Bond premium?
The bond can vary in amount. When determining the amount of bond required, the Board will consider the type of license requested, past, present, or future financial responsibility, experience, and character of the applicant.
Premium payments will be determined by the applicant’s credit score and financial history. Likewise, the profile of the applicant including his/her reputation as a member of the community will be a strong factor in the decision of how much the premium will be for this bond.
How can a Nevada Contractors’ Board License Bond be obtained?
Getting a bond will be so much easier if you contact only genuine professionals. Give Surety Bond Authority specialists a call! You will have the answers you need and the solution you need to protect your business and your clients.