Surety Bond Encyclopedia

Contractor License ($2,500) Bond - City of Corsicana, TX in Texas

Brief Summary

Corsicana will not issue you a permit until your company is registered with the city, and the $2,500 contractor license bond is part of that registration file. It is a small bond with a modest premium, and it keeps your registration in good standing.

The City of Corsicana, Texas requires general, mechanical, electrical, plumbing and irrigation contractors and backflow testers to register with the city before pulling permits. This $2,500 contractor license bond names the City of Corsicana as obligee and guarantees that the contractor will follow city codes and permit conditions. The city's registration fee is $110 initially and $55 at renewal.

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How to Apply for a Contractor License ($2,500) Bond:

  • Register your company with the City of Corsicana before applying for permits.
  • Gather a copy of your master license if your trade requires one, your driver's license and your liability insurance certificate.
  • Confirm the bond form and obligee wording with Corsicana Permits and Inspections at 903-654-4870.
  • Owner or principal name, address and Social Security number for the credit review.
  • Complete the bond application, pay the premium and receive the executed $2,500 bond.
  • Submit the bond with your registration and the $110 initial fee, or the $55 renewal fee.

Detailed Information About the Texas Contractor License ($2,500) Bond:

Registration comes first

Corsicana's Planning and Zoning Department states that general, mechanical, electrical, plumbing and irrigation contractors and backflow testers must register with the City of Corsicana. The registration file includes a copy of the contractor's master license where one applies, a copy of the driver's license, and a copy of liability insurance. The fee is $110 for the initial registration and $55 for each renewal.

This $2,500 bond runs to the City of Corsicana and backs the contractor's promise to follow city building codes and the conditions of the permits it pulls. If the city or a member of the public suffers a loss covered by the bond, a claim can be made against it. The surety pays valid claims up to $2,500, and the contractor repays the surety.

Permit timing rules to know

Corsicana permits carry deadlines. Construction must begin within 180 days of permit issuance or the permit becomes void, and an extension must be requested in writing from the Building Official. At least one inspection must take place every 180 days or the work is considered abandoned.

Before the bond is issued

Call Corsicana Permits and Inspections at 903-654-4870 to confirm the current bond form and obligee wording before the bond is written.

Eligibility and Requirements for a Texas Contractor License ($2,500) Bond:

  • City of Corsicana, Texas named as obligee.
  • Bond amount of $2,500.
  • Liability insurance on file with the city.
  • Annual registration, with a $110 initial fee and a $55 renewal fee.
  • Owner credit review, which drives the premium rate.

Texas Contractor License ($2,500) Bond FAQs:

Which contractors must register in Corsicana?

General, mechanical, electrical, plumbing and irrigation contractors and backflow testers, according to the city's commercial building packet.

What does registration cost?

$110 for the initial registration and $55 for each renewal. The bond premium is separate.

How long is a Corsicana building permit good for?

Construction must begin within 180 days of issuance or the permit becomes void, and at least one inspection must occur every 180 days or the work is considered abandoned.

Who is the obligee?

The City of Corsicana, Texas.

How is the premium set?

The surety prices the bond from the $2,500 amount and the owner's credit. Apply to see your actual rate.

Official and Additional Resources for the Texas Contractor License ($2,500) Bond:

All Texas Contractor bonds · All City of Corsicana, TX bonds · All Texas surety bonds