Contractor License ($10,000) Bond - City of Chickasaw, AL in Alabama

Brief Summary

Chickasaw's building permit application asks every contractor whether they can provide a copy of their bond for the City of Chickasaw. Having the $10,000 bond in hand before you apply for a permit keeps the job from stalling at the counter.

The City of Chickasaw requires any business or contractor working in the city to hold a city business license, and its building permit application asks the contractor for a copy of a bond in favor of the City of Chickasaw along with registered license and insurance information. This listing is the $10,000 contractor license bond, with the City of Chickasaw as obligee.

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How to Apply for a Contractor License ($10,000) Bond:

• Obtain or renew your City of Chickasaw business license.
• Ask the Building Department or City Hall for the current bond form and wording before ordering the bond.
• Have the legal business name and address exactly as they appear on your Chickasaw business license.
• Provide owner name, home address and Social Security number for the surety's credit review.
• Pay the premium and receive the executed $10,000 bond.
• Register the bond, your license and your insurance with the city, or attach them to your permit application.

Detailed Information About the Alabama Contractor License ($10,000) Bond:

Where the bond comes up

Most contractors meet this requirement at the permit counter. The City of Chickasaw building permit application asks whether the contractor has a current Chickasaw business license and whether they are able to provide a copy of their bond for the City of Chickasaw. The same form states that current license and insurance information must be registered with the city or provided with the application. The Building Department also states that any business or contractor doing work in Chickasaw must obtain a business license.

What the bond guarantees

A contractor license bond is a promise from the contractor and a surety company to the City of Chickasaw that the contractor will follow the city's licensing and building rules while working there. If the contractor fails to meet those obligations and the city or a protected party suffers a loss, a claim can be made against the bond up to its $10,000 amount. The contractor then repays the surety for any claim it pays.

License timing

Chickasaw Code Sec. 8-4 requires business licenses to be renewed annually on or before January 31. Keeping the bond in force for the full license year avoids a gap when you renew.

Before you file

The city does not publish a bond form online. Confirm the current form, the wording the city expects and the filing steps with the Chickasaw Building Department or City Hall before the bond is issued.

Premium

The surety sets the premium after reviewing the owner's credit and the contractor's business. Apply to see the quote for the $10,000 bond.

Eligibility and Requirements for a Alabama Contractor License ($10,000) Bond:

• City of Chickasaw named as obligee.
• Bond amount of $10,000.
• A current City of Chickasaw business license, renewed on or before January 31 each year.
• Current license and insurance information registered with the city or provided with each permit application.
• Business name on the bond matching the city business license.

Alabama Contractor License ($10,000) Bond FAQs:

Official and Additional Resources for the Alabama Contractor License ($10,000) Bond: