South Carolina General Contractors

Bond penalties have changed. Effective May 2018, a South Carolina General Contractor surety bond is accepted in lieu of the previously required audited financial statements. The bond option listed Section 40-11-262 of South Carolina’s statutes, consists of 5 categories for General Contractors. Which group is right for you? South Carolina’s board states, “An applicant may provide a surety bond in the amount of two times the net worth requirement for the Group Level for which he or she applies.” American Surety is here to help provide quick and easy approval on your upcoming renewal. Start by filling out our easy South Carolina General Contractor’s Bond Application today! Apply today, approve today.

• Obligee:
• South Carolina Department of Labor, Licensing and Regulation

Synergy Business Park; Kingstree Building
110 Centerview Dr.
Columbia, South Carolina 29210

• Rates for all Contractors:
• Group 1 – $20,000; Starting at $175 premium
• Group 2 – $80,000; Starting at $750 premium
• Group 3 – $200,000; Starting at $1,500 premium
• Group 4 – $350,000; Starting at $3,000 premium
• Group 5 – $500,000; Starting at $4,500 premium
• How rates are calculated:
• The price you pay for the bond, or the bond premium, is dependent on the bond amount, your net worth, years in business, and the business’s financial history. The bond premium is usually less than 1% or higher.
• Apply today with our simplified South Carolina General Contractor’s Bond Application! Or call (404)-486-2355/ (877)-201-8976

Seasoned contractors, new contractors, great credit, okay credit, or challenged credit: All approved!! Our answer is simply, “Yes!” Our Underwriters will get you the bond you need quickly and easily. Underwriters are standing by readily to answer any questions you may have, just call (404)-486-2355/ (877)-201-8976 or email us at info@suretybondsagency.com

General Contractor bonds guarantee that the contractor is operating under the state’s regulations.

Bond amounts differ state to state. Each state has different requirements for the minimum bond amounts that general contractors must obtain. The good news is American Surety is licensed in all 50 states and ready to write your bond! Apply today, approve today using our General Contractor’s Bond Application or call (404)-486-2355/ (877)-201-8976.

The price you pay for the bond, or the bond premium, is dependent on the bond amount, your net worth, years in business, and the business’s financial history. The bond premium is usually less than 1% or higher. Get your bond now! Apply today with our simplified General Contractor’s Bond Application or call (404)-486-2355/ (877)-201-8976.