City of New York Home Improvement Contractor Bond
Flat Rate & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $20,000 | 1 Year | $100 |
New York City home improvement contractors may be required to provide financial protection for consumers through an applicable trust fund or a $20,000 surety bond. The City of New York home improvement contractor bond helps protect homeowners from covered losses resulting from certain improper business practices, including situations in which a bonded contractor fails to perform covered contractual obligations.
Cost of a City of New York Home Improvement Contractor Bond
The cost of the $20,000 City of New York home improvement contractor bond is $100 per year. Get your bond from NNA Surety and use it today.
Why You Need a City of New York Home Improvement Contractor Bond
The City of New York home improvement contractor bond provides a financial safeguard for homeowners and helps hold bonded contractors accountable for covered consumer protection and contractual obligations. If a contractor takes payment but fails to perform covered work, leaves covered work incomplete, or otherwise causes a loss covered by the bond, an eligible homeowner may have a way to seek compensation.
The surety bond involves three parties:
- Principal: Home improvement contractor
- Obligee: City of New York
- Surety: Bonding company
If a valid covered claim is made against the bond, the surety may provide compensation up to the bond amount. The contractor is responsible for reimbursing the surety for valid claim amounts paid.
How to Get a City of New York Home Improvement Contractor Bond
Follow this simple bonding process:
- Complete this bond application with your business and contractor information.
- Pay the $100 bond premium.
- Receive the $20,000 bond form and complete any required execution information.
- Submit the bond as required for your New York City home improvement contractor licensing process.
Working with NNA Surety makes it simple to obtain the home improvement contractor bond required for your business.
Apply for Your City of New York Home Improvement Contractor Bond Today
Secure your City of New York home improvement contractor bond and meet the applicable bonding requirements for your business. Apply Now to get started. For more information, call 855-457-2196 to speak to our team of New York surety bond experts.