Maryland Home Improvement Contractor Bond
What it is & who requires it
A Maryland home improvement contractor applicant who cannot demonstrate to the Commission a net worth equal to the maximum Home Improvement Guaranty Fund award available to one claimant. Applicants who demonstrate sufficient net worth satisfy the requirement without a bond; those who cannot must post the surety bond instead. Maryland eliminated the separate subcontractor license category in 2016, so this is a single contractor-license requirement.
Obligee: Maryland Home Improvement Commission (Maryland Department of Labor). Citation: COMAR 09.08.01.19 (Financial Solvency); Business Regulation Article §8-405(e)(1) (max Guaranty Fund award), Annotated Code of Maryland.
Bond amount
Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
How to get it
This bond issues online — get bonded through our portal, usually in a single sitting once you confirm the bond, amount, and obligee.
Term & renewal
Term: When required, a 2-year surety bond; maintained until the licensee demonstrates sufficient net worth and the Commission authorizes cancellation.
Renewal: Tied to the biennial MHIC license; the bond is maintained while the financial-solvency requirement is satisfied by bond rather than net worth.
Filing
A Maryland home improvement contractor who cannot show the Commission the required net worth must instead file a two-year surety bond; a contractor who demonstrates sufficient net worth needs no bond. Because the bond is one of two co-equal ways to meet the financial-solvency requirement, it is listed and the exact amount is confirmed when you apply. Authority: COMAR 09.08.01.19 and Business Regulation Article §8-405(e)(1).
Source
Verified against the obligee source.
Related Maryland bonds
Frequently asked questions
- Who requires the Maryland Home Improvement Contractor Bond?
- It’s required by Maryland Home Improvement Commission (Maryland Department of Labor) (COMAR 09.08.01.19 (Financial Solvency); Business Regulation Article §8-405(e)(1) (max Guaranty Fund award), Annotated Code of Maryland). A Maryland home improvement contractor applicant who cannot demonstrate to the Commission a net worth equal to the maximum Home Improvement Guaranty Fund award available to one claimant. Applicants who demonstrate sufficient net worth satisfy the requirement without a bond; those who cannot must post the surety bond instead. Maryland eliminated the separate subcontractor license category in 2016, so this is a single contractor-license requirement.
- How much is the Maryland Home Improvement Contractor Bond?
- Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
- How do I get the Maryland Home Improvement Contractor Bond?
- This bond issues online — get bonded through our portal, usually in a single sitting once you confirm the bond, amount, and obligee.
- What is the term?
- When required, a 2-year surety bond; maintained until the licensee demonstrates sufficient net worth and the Commission authorizes cancellation. Renewal: Tied to the biennial MHIC license; the bond is maintained while the financial-solvency requirement is satisfied by bond rather than net worth.
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- This bond requirement is corroborated by multiple public sources. The obligee sets the exact amount, which we confirm automatically when you start your bond in the portal or with a producer.
