The Hawaii Contractors License Bond is required by the Department of Commerce and Consumer Affairs.
In compliance with Hawaii Revised Statutes Chapter 444, each licensee or applicant who is a general contractor must file a bond with the Department of Commerce and Consumer Affairs. The bond protects the employees of the contractor or any other person entitled to wages and guarantees their payment. The Hawaii Contractors License Bond also ensures the honest conduct of the business of the licensee and protects any person injured by any wrongdoing of the licensee.
The bond amount is required to be no less than $5,000.
According the the Hawaii Department of Commerce and Consumer Affairs, applicants for a Hawaii Contractors License must register with the Business Registration Division and have a good reputation for honesty, truthfulness, financial integrity, and fair dealing.
Additional license requirements, upon receiving approval of the Contractors License Board, include:
- Workers’ compensation insurance
- Liability and property damage insurance
- Definite place of business
- License fees
- Entity-RME (Responsibility Managing Employee) Dependency
The Hawaii Contractors License Bond is continuous in nature; therefore, it will remain in full force and effect until cancelled. The bond may be cancelled by the Surety by giving 30 days written notice to the Department of Commerce and Consumer Affairs.
All licensing fees are required by the obligee, not the surety company.
For additional licensing information, visit the Hawaii Department of Commerce and Consumer Affairs HERE.
APPLY NOW for your Hawaii Contractors License Bond!