The Iowa Out-of-State Contractor Bond is required by Iowa’s Division of Labor, in the amount of $25,000. The bond is required for contractor’s when their principal place of business is outside of Iowa. To be a licensed and registered in the State of Iowa, the contractor needs the bond.
What is the purpose of an Iowa Out-of-State Contractor Bond?
The bond guarantees that as a result of the work you do in Iowa, all taxes, penalties and other monies due to the State are paid. The bond does not cover other debts outside the state, its agencies or divisions.
A contractor is a person or entity that provides plumbing, mechanical, HVAC, refrigeration, sheet metal and hydronic systems. These services are on a contractual basis. Payment is a predetermined amount under the contract.
What is the process to become an Out-Of-State Contractor?
Contractors must be licensed with the Plumbing & Mechanical Systems Board and registered with the Iowa Workforce Development – Division of Labor. The application form allows you to submit a single application for both the license and registration. Fees are pro-rated based on the length of time the license is valid.
Why should I choose Surety1 for my Iowa Out-of-State Contractor Bond?
With Surety1, you can get this bond for the lowest rate in the market. This is made possible through our partnership with many A-rated Surety companies. Start the process by completing our easy-to-navigate, free online application form. After that, one of our surety agents will contact you with a no-obligation quote for the bond premium. Once you decide to move forward with us, you just need to pay the bond premium and choose your shipping options. You may select to have your Maine Out-of-State Contractor Bond mailed through USPS Priority Mail or overnight delivery.
Surety1 offers fast and friendly service, as evidenced by our A+ rating from the Better Business Bureau.