Oregon Commercial Contractor License Bond

 

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The State of Oregon requires almost all contractors in the state to maintain a valid license.  As part of the license requirement, a surety bond is required, in varying amounts, depending on the type of commercial contractor and the volume of worked performed. The types of Oregon Commercial Contractor License Bonds as follows:

• Commercial General Contractor Level 1 (CGC-1) $80,000 Bond
• Commercial General Contractor Level 2 (CGC-2) $25,000 Bond
• Commercial Specialty Contractor Level 1 (CSC-1) $55,000 Bond
• Commercial Specialty Contractor Level 2 (CSC-2) $25,000 bond**

No credit check on the $25,000 bond. (Subject to approval of the underwriting surety company.) 

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. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get an Oregon Commercial Contractor License 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 Oregon Commercial Contractor License Bond will be shipped to the bond principal (licensee).
^{1- The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.}

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.  With an A+ rating from the better business bureau and licensed in all 50 states, Surety1 can handle all of your bonding needs. Performance and Payment bonds are also available. 

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Other Types of Oregon Contractor’s License Bonds

There are eight different classifications of licenses in Oregon. To see which on you need, click on the link below for a brief description.

• Oregon Contractor – Commercial General Bond
• Oregon Contractor – Landscape Surety Bond
• Oregon Contractor – Residential Developer Bond
• Oregon Contractor – Residential General Bond
• Oregon Contractor – Residential Limited Surety Bond
• Oregon Contractor – Residential Specialty Surety Bond

For more information about license types, visit the Oregon Contractors License Board.

In most cases, Surety1 can provide a firm quote on the same day the bond is applied for. To obtain a firm quote for the bond, all Surety1.com needs is a competed application.