New Jersey HVAC and Refrigeration Contractor Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $3,000 | 2 Years | $100 |
In New Jersey, heating, ventilation, air conditioning, and refrigeration contractors or technicians must obtain a surety bond as part of the state licensing process.
The bonds are a three-party agreement that helps protect consumers in the event an HVAC contractor performs a job that does not hold up to state regulations or if they are unable to fulfill the terms of a contracted job.
If your heating and cooling business is located in New Jersey, you probably know this policy as an HVACR surety bond.
Cost of a New Jersey HVACR Bond
The NNA has secured a flat fee of $100 for the $3,000 bond. This is also an instant issue bond that does not require a credit check and is available for immediate download.
Why New Jersey HVACR Contractors Need to Be Bonded
In New Jersey, if you are an HVAC & refrigeration contractor, you must be bonded to become licensed and to operate your business legally. You cannot become licensed without a surety bond in states that require them.
In addition, a surety bond encourages contractors to act ethically and to complete jobs in compliance with local and state rules and regulations. In other words, a surety bond adds credibility to you as a contractor by helping to protect consumers.
For example, if you're unable to fulfill the obligations of a contract with a customer, then that customer can file a claim against you. If their claim is upheld, the bond company (or surety) will pay the customer’s losses, and you will need to repay the surety afterward.