Oregon Contractor – Landscape License Bond

 

An Oregon Contractor – Landscape License Bond is a type of surety bond required by the Oregon Landscape Contractors Board (LCB) for any business or individual performing landscape construction work in the state. It acts as a safety net for clients, protecting them from financial losses if the contractor fails to meet their contractual obligations or violates state regulations.

How to Get an Oregon Contractor – Landscape 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 Contractor – Landscape License Bond will be shipped to the bond applicant.
^{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.

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Who Needs the surety bond?

Any contractor who performs landscape construction work in Oregon must obtain the appropriate license and bond.

Landscape construction work includes a wide range of activities, such as grading, planting, irrigation, hardscaping, and more. You can find a complete list of activities requiring a license on the LCB website: https://www.oregon.gov/lcb/pages/index.aspx

Bond Amounts:

The bond amount for a Landscape License Bond depends on the estimated annual gross revenue of the landscaping business. There are four tiers:

• $3,000: For businesses with estimated annual gross revenue of $5,000 or less.
• $10,000: For businesses with estimated annual gross revenue between $5,001 and $25,000.
• $15,000: For businesses with estimated annual gross revenue between $25,001 and $75,000.
• $20,000: For businesses with estimated annual gross revenue exceeding $75,000 or for businesses on probation.

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.

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