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The Nevada Contractor’s Bond is a type of surety bond and is required by the Nevada State Contractors Board. All construction contractors performing work int he Nevada must be licensed. To obtain the license, one  requirement is the posting of a surety bond. The bond states that a claim may be filed on your surety bond if one of the following happens:

• As the owner of the property to be improved entered into a construction contract with the contractor and is damaged by the failure of the contractor to perform the contract or to remove liens filed against the property: or
• As an employee of the contractor performed labor on or about the site of the construction covered by the contract; or
• As a supplier of man-furnished materials or equipment for the construction covered by the contract; or
• Is injured by any unlawful act or omission of the contractor in the performance of a contract.

The bond IS NOT insurance protecting the contractor should any of the above happen. The surety will expect the contractor to hold it harmless in the case of a claim on the bond.

How to Get a Nevada Contractor’s Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Nevada Contractor’s Bond  will be shipped to the bond principal (Licensee) for the required signature prior to submitting the bond to the Contractor’s License Board.
^{1-The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003 and maintains an   A+ rating from the Better Business Bureau.

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What is the amount of the Nevada Contractor’s Bond? 

The bond amount is determined by the Nevada State Contractors Board at the time of license approval. The bond amount can be anywhere between $1,000 to $500,000. Items taken into consideration when determining the bond amount include:

• Type of license applied for
• Monetary limit granted
• Past, present or future financial responsibility
• Experience
• Applicant’s character

Consumer Protection Bond

Payment and Performance Bond:  Under certain conditions, the Board may require a residential pool and spa contractor to obtain a performance bond in an amount equal not less than 50 percent of the amount of the contract.  The performance bond must be solely for the protection of the owner of the property to be improved.  The contractor may also be required to obtain a payment bond in an amount equal to not less than 50 percent of the amount of the contract. The payment bond must be solely for the protection of persons supplying labor or materials to the contractor, or to any of his subcontractors, in carrying out the provisions of the contract.  In lieu of a performance or payment bond, the contractor may obtain an equivalent form of security approved by the Board.

Need a Performance and Payment or Bid Bond? Click Here.