The Delaware Contractor’s License Surety Bond is required for Delaware non-resident contractors looking to obtain a DE Contractor’s License. The bond is to protect your clients from any harm or wrongdoing by your company. If there is a claim placed on your bond and you are found at fault, the surety company will pay out. However, unlike insurance, you will have to pay the surety company back.
Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the lowest possible price!
In order to apply for your Delaware Contractor’s License, whether you are resident or non-resident, you will have to submit the following requirements to the Delaware Division of Revenue:
Non-Resident Contractors are required to obtain a Delaware Contractor’s License Surety Bond equal to six percent (6%) of the contract amount for all single contracts/subcontracts exceeding $20,000 or when the aggregate of two or more contracts/subcontracts in a calendar year total $20,000 or more.
You can read more about the licensing requirements and regulations here.
Simply fill out our free online application! One of our licensed agents will contact you with a no-obligation quote within one business day of your submission. Once any necessary paperwork is signed, and the premium payment is remitted, your Delaware Contractor’s License Surety Bond will be shipped to you via USPS Priority Mail, with overnight shipping options also available.
Surety Solutions Insurance Services, Inc. (Surety1) has been writing bonds in Delaware since 2003, so we understand the process and the need for fast, reliable service. We even maintain an A+ rating by the Better Business Bureau! Licensed in all 50 states.