General Contractor License Group 2 Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $60,000 | 1 Year | $600 |
General contractors in South Carolina who seek a Group 2 license — authorizing bids and jobs up to $400,000 — may post a surety bond in lieu of meeting the net worth requirement under Section 40-11-260. Required by the South Carolina Contractor's Licensing Board, the South Carolina bond guarantees the contractor meets financial-responsibility obligations and protects anyone harmed by a breach of a construction contract.
Cost of the SC General Contractor License Group 2 Bond
The cost of the $60,000 general contractor license Group 2 bond is $600 per bond term with NNA Surety. Secure this surety bond today.
How the General Contractor License Group 2 Bond Works
The general contractor license Group 2 bond protects the State of South Carolina and any member of the public who hires the licensed contractor. It guarantees that the contractor will honor construction contracts and follow the rules set by the licensing board, giving clients in cities like Columbia and Greenville added financial recourse.
The bond involves three parties:
- Principal: The licensed general contractor
- Obligee: State of South Carolina
- Surety: Bonding company
A claim against a bond may be filed when a Charleston general contractor breaches a construction contract or commits an unlawful act while performing construction work. The surety pays valid claims up to the $60,000 limit, and the contractor must reimburse the surety for every dollar paid.
How to Get a General Contractor License Group 2 Bond
Here are the steps to secure your general contractor license Group 2 bond with NNA Surety.
- Complete the application.
- Pay the $600 bond premium.
- Receive your bond via email.
- Submit the bond with your license application to the South Carolina Contractor's Licensing Board.
Applicants for a Columbia general contractor bond can move from quote to approval quickly by working with NNA Surety, a reliable surety provider.
Apply for Your General Contractor License Group 2 Bond Today
Ready to meet your Group 2 licensing requirement? Apply with NNA Surety to lock in flat pricing on your South Carolina surety bond with no credit check. Complete this form or call 855-563-1401 to get bonded.