Nevada Residential Contractor Bond for Protection of Consumers
Competitive Rates
| Bond Amount Required | Bond Term | Annual Premium |
| $100,000 | 1 Year | Varies |
Nevada residential contractors who perform construction, remodeling, repair or improvement work on residential properties may be required to maintain additional financial security for consumer protection as part of their contractor licensing requirements. The Nevada State Contractors Board requires the residential contractor bond for protection of consumers to provide financial protection for homeowners who suffer covered losses caused by a contractor's failure to perform a contract or comply with applicable laws.
Cost of the Nevada Residential Contractor Bond for Protection of Consumers
The cost of the $100,000 Nevada residential contractor bond for protection of consumers varies per bond term with NNA Surety. Get your bond online today.
How the Nevada Residential Contractor Bond for Protection of Consumers Works
The Nevada residential contractor bond for protection of consumers provides financial protection for homeowners when a bonded contractor fails to meet covered contractual or legal obligations. The bond can provide compensation for eligible consumer losses up to the $100,000 bond amount.
The bond involves three parties:
- Principal: Licensed residential contractor
- Obligee: State of Nevada
- Surety: Bonding company
If a homeowner suffers a covered loss because the contractor fails to fulfill a contract or comply with applicable law, a claim against the bond may be filed. The principal is responsible for repaying valid claims paid by the surety.
How to Get the Nevada Residential Contractor Bond for Protection of Consumers
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Receive your required premium based on the applicable requirements and underwriting.
- Pay the applicable bond premium.
- Receive the bond form via email and file it as required by the Nevada State Contractors Board.
Learn more about your Nevada surety bond options across the state.
Get Your Nevada Residential Contractor Bond for Protection of Consumers
Meet your Nevada contractor bonding requirements by securing your residential contractor bond for protection of consumers. Complete this form or call 855-457-2196 to get bonded.