General Contractor License Group 4 Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $250,000 | 1 Year | $5,000 |
In South Carolina, a general contractor pursuing a Group 4 license may file a $250,000 surety bond in lieu of proving the net worth required for that license group under Section 40-11-260. Required by the South Carolina Contractor's Licensing Board, the South Carolina bond lists the State of South Carolina as obligee and protects anyone damaged by the contractor's breach of a construction contract or unlawful act during construction.
Cost of the SC General Contractor License Group 4 Bond
The cost of the $250,000 general contractor license group 4 bond is $5,000 per bond term with NNA Surety. Secure this surety bond today.
How the General Contractor License Group 4 Bond Works
The general contractor license group 4 bond protects the public and anyone who does business with the licensed contractor. It guarantees that the contractor will honor construction contracts and follow state law, giving a South Carolina surety bond holder a clear standard of accountability and providing financial recourse when a breach causes damage.
The bond involves three parties:
- Principal: The licensed general contractor
- Obligee: The State of South Carolina
- Surety: Bonding company
Applicants for a Columbia general contractor license group 4 bond, as well as those seeking a Charleston general contractor license group 4 bond, are held to the same statutory standard. A claim against a bond may be filed when a contractor breaches a construction contract, fails to pay for labor or materials, or violates state construction law. The surety pays valid claims up to the $250,000 bond amount, and the contractor must reimburse the surety for every dollar paid.
How to Get a General Contractor License Group 4 Bond
Here are the steps to secure your general contractor license group 4 bond with NNA Surety.
- Complete the application.
- Pay the $5,000 bond premium.
- Receive your bond via email once approved.
- Submit the signed bond to the South Carolina Contractor's Licensing Board with your license application.
Working with NNA Surety means fast turnaround and dependable support from a reliable surety provider at every step.
Apply for Your General Contractor License Group 4 Bond Today
Ready to meet your Greenville general contractor license group 4 bond requirement? Complete this form or call 855-563-1401 to get bonded. When you apply with NNA Surety, you get flat-rate pricing, no credit check, and a bond delivered fast so you can finish your license application without delay.