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Contractor's Licence and Performance BondsBasic Liability Coverage is REQUIRED, but more protection is highly recommended What are bonds? Why do you need it? A bond protects the client, should the contractor default. What are licensing bonds? What do they do? A licensing bond protects the state Contractor's Licensing Board from a lawsuit for issuing you a license. in the event that you break the law and your client sues the state. It's mandatory for keeping your license active. |
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