Contractor License Bond Amount Calculator
Estimate the required surety bond amount for your contractor license based on your state, contractor type, and business revenue. Bond amounts vary by jurisdiction and license classification.
Formula
Required Bond Amount = Base Bond (from state + license type + revenue tier) + Employee Surcharge
Employee Surcharge: $0 (1–5 employees) | $2,500 (6–20) | $5,000 (21–50) | $10,000 (51+)
Estimated Annual Premium = Required Bond Amount × Credit-Based Premium Rate
Premium Rates by Credit Score: Excellent (720+) = 1.0% | Good (680–719) = 1.5% | Fair (620–679) = 2.5% | Poor (<620) = 5.0%
Premium Range = Annual Premium ± 20% (reflects surety market variability)