South Carolina General Contractor License Bond
What it is & who requires it
South Carolina general contractors who satisfy the Contractor's Licensing Board financial-responsibility requirement with a surety bond instead of filing a financial statement showing the minimum net worth or working capital for their license group (Group 1–5). The bond is one of two co-equal ways to qualify, with the amount keyed to the license group, so it is carried LISTED.
Obligee: South Carolina Contractor's Licensing Board (LLR). Citation: S.C. Code Ann. §§ 40-11-260, 40-11-262.
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: Continuous in form; maintained while the license is held or until the licensee files a financial statement meeting the net-worth requirement for the license group.
Renewal: Maintained with the license; releases when proof of net worth/working capital is filed.
Filing
§ 40-11-262 lets an applicant post a surety bond (State of South Carolina as obligee) IN LIEU OF the § 40-11-260 financial statement; per a 2023 amendment the bond is in the SAME amount as the net-worth requirement for the applicant's license group (Group 1–5). Because the bond is an optional co-equal alternative whose amount is selected by license group at application, it is carried portal (LISTED) per §14.C, no dollar figure. The carrier writes this per group; the group-to-amount mapping is statutory but not asserted on a co-equal listed record.
Source
This bond requirement is corroborated by multiple public sources; South Carolina Contractor's Licensing Board (LLR) sets the exact amount, which we confirm when you start your bond.
Related South Carolina bonds
Frequently asked questions
- Who requires the South Carolina General Contractor License Bond?
- It’s required by South Carolina Contractor's Licensing Board (LLR) (S.C. Code Ann. §§ 40-11-260, 40-11-262). South Carolina general contractors who satisfy the Contractor's Licensing Board financial-responsibility requirement with a surety bond instead of filing a financial statement showing the minimum net worth or working capital for their license group (Group 1–5). The bond is one of two co-equal ways to qualify, with the amount keyed to the license group, so it is carried LISTED.
- How much is the South Carolina General Contractor License 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 South Carolina General Contractor License 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?
- Continuous in form; maintained while the license is held or until the licensee files a financial statement meeting the net-worth requirement for the license group. Renewal: Maintained with the license; releases when proof of net worth/working capital is filed.
- 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.
