Arkansas Surety Bond
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More Info About Arkansas Bonds
Here is some more in-depth info about common types of bonds in Arkansas. If you have any questions, feel free to contact us, and one of our agents will be happy to assist you.
State Contractor License Bonds
The Arkansas Contractors Licensing Board requires all commercial contractors to obtain and maintain a $10,000 contractor’s license bond in order to be issued a license to operate within the state. In addition, some municipalities impose other bonding requirements. The contractor pays a premium based on a percentage of the total bond amount.
All forms of contractor bonds provide financial protection for the state and/or other parties that suffer financial loss due to the contractor’s actions. The bond guarantees that the contractor will abide by all applicable rules and regulations and act in an honest and ethical manner.
Arkansas License Bond Requirements By City/County
- Benton – To obtain a permit to operate in the city of Benton, a contractor must obtain a license bond, which starts at $100.
- Fort Smith – A permit and bond are required before doing any construction work, including modification of any building, electrical, or plumbing system.
- Greenbrier – Contractors working in Greenbrier must be properly licensed and bonded with the Greenbrier Department of Building Codes.
- Jacksonville – A surety bond must accompany any license application submitted to the Jacksonville Engineering Department and Fire Department by a building, plumbing, HVAC, or electrical contractor.
- Little Rock – A $10,000 surety bond must be submitted to obtain a business license to operate within Little Rock.
- North Little Rock – The North Little Rock Licensing Office requires a surety bond before granting a license to work as a contractor within the city.
- Pine Bluff – Applicants for the zoning permit and building permit required to work as a contractor in Pine Bluff must submit a surety bond to the Pine Bluff Inspection and Zoning Department.
- Sherwood – Sherwood requires a variety of permits and bonds before a contractor can begin work within city limits, to ensure that work is done in accordance with the city’s specifications. The specific bond amounts required depend on the contractor’s classification and the type of work to be performed.
Other Contractor Bonds
In addition to license and permit bonds, state and municipal governments may require other types of contractor bonds, such as bid bonds, performance bonds, payment bonds, maintenance bonds, supply bonds, and subdivision bonds.
Other Types Of Arkansas Surety Bonds
Some other common types of surety bonds issued in Arkansas include:
- Court Bonds may be required by the court for a variety of reasons. Court bonds include appeal bonds, probate or executor bonds, fiduciary bonds, attachment bonds, bankruptcy bonds, and other types of bonds that guarantee compliance with the requirements of the court.
- Commercial Services Bonds can be voluntarily purchased by companies to protect customers against theft by company employees sent into their homes or business premises to work.
Ask for a quote today on the Arkansas bond you need.