Mechanical Contractor License Group 5
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $300,000 | 1 Year | $6,000 |
In South Carolina, a mechanical contractor is an entity that performs or supervises mechanical construction — the installation, replacement, or repair of plumbing, heating, air conditioning, process piping, refrigeration, lightning protection, or electrical systems. Required by the South Carolina Contractor's Licensing Board and payable to the State of South Carolina, the South Carolina bond lets a Group 5 applicant satisfy the state's financial responsibility standard in lieu of an audited net worth or working capital statement.
Cost of the SC Mechanical Contractor License Group 5 Bond
The cost of the $300,000 mechanical contractor license group 5 bond is $6,000 per bond term with NNA Surety. Secure this surety bond today.
How the Mechanical Contractor License Group 5 Bond Works
This bond protects the State of South Carolina and any member of the public who hires the licensed contractor. It guarantees that a Columbia mechanical contractor license group 5 holder will honor its construction contracts and follow the labor and licensing laws that govern mechanical construction. A South Carolina surety bond like this one keeps contractors accountable to the customers and communities they serve.
The bond involves three parties:
- Principal: The licensed mechanical contractor
- Obligee: The State of South Carolina
- Surety: Bonding company
A claim against a bond may be filed when a Charleston mechanical contractor license group 5 holder breaches a construction contract or violates state licensing law and causes financial harm. The surety pays valid claims up to the $300,000 bond amount, and the contractor must reimburse the surety in full.
How to Get a Mechanical Contractor License Group 5 Bond
Here are the steps to secure your mechanical contractor license group 5 bond with NNA Surety.
- Complete the application.
- Pay the $6,000 bond premium.
- Receive your executed bond and power of attorney by email.
- Mail the original signed bond, with the surety's power of attorney and seal, to the South Carolina Contractor's Licensing Board (DocuSign is not accepted).
Working with NNA Surety means backing your Greenville mechanical contractor license group 5 bond with a reliable surety provider from application to approval.
Apply for Your Mechanical Contractor License Group 5 Bond Today
Ready to meet South Carolina's Group 5 financial requirement without tying up your capital? Apply with NNA Surety online in minutes and get your $300,000 bond issued fast. Complete this form or call 855-563-1401 to get bonded.