Surety bonds • South Carolina
South Carolina Contractor License Bond: $20,000 to $350,000 by License Group
South Carolina general contractors must show a minimum net worth for their license group, or post a surety bond in the same amount with the Contractor’s Licensing Board. Bonds run from $20,000 for Group 1 to $350,000 for Group 5, and published prices start around $200 a year.
This guide covers when a license is required, bond amounts by group, and cost. Blake Insurance Group is an independent agency, and a licensed agent can help with your bond and contractor insurance.
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Tell us your license group and classification, and a licensed agent will follow up. Submitting the form does not bind coverage.
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Bond amounts by license group
| License group | Bond amount |
|---|---|
| Group 1 | $20,000 |
| Group 2 | $60,000 |
| Group 3 | $150,000 |
| Group 4 | $250,000 |
| Group 5 | $350,000 |
Source: SC Contractor’s Licensing Board bond form. Bid and job limits range from $100,000 for Group 1 to unlimited for Group 5 (SC LLR Contractor’s Licensing Board FAQ).
How the bond works
- The bond is an alternative to the net worth or financial statement requirement for your group.
- It benefits anyone damaged by an act or omission of the contractor.
- A general contractor license is required when the total cost of construction is more than $10,000 (SC LLR Contractor’s Licensing Board FAQ).
How much a South Carolina contractor bond costs
Published prices start around $200 a year (SuretyBonds.com); larger group bonds cost more and depend on credit. See our surety bond cost calculator and general liability insurance guide.
South Carolina contractor license bond FAQs
How much is a South Carolina Group 1 contractor bond?
$20,000.
Is a bond required for a South Carolina contractor license?
It is an alternative to meeting the net worth requirement for your license group.
When do I need a South Carolina general contractor license?
When the total cost of construction is more than $10,000.
Related guides
- South Carolina surety bonds
- Alabama roofer bond
- Tennessee home improvement bond
- Virginia contractor license bond
- General liability insurance
- Surety bonds
- Surety bond cost
- Surety bond cost calculator
- Buy a surety bond online
- License and permit bonds
- South Carolina landscaping contractor insurance
- South Carolina HVAC contractor insurance
- South Carolina electrical contractor insurance
- South Carolina plumbing contractor insurance
- South Carolina roofing contractor insurance
- West Virginia contractor bond
- New Mexico contractor license bond
- Iowa contractor bond
- Oklahoma contractor license bond
Important information
Compensation. The link in the partner quote box near the top of this page is sponsored, and Blake Insurance Group may be paid if you make a purchase. Sponsored placement does not affect the other information on this page.
Independent agency. Blake Insurance Group LLC is an independent insurance agency. Licensed insurance producer NPN 16944666. Licensed states: AZ, AL, TX, CA, NY, OH, FL, NC, VA, GA, OK, NM, IA, KS, MI, NE, SC, SD, WV, IL, NJ, PA, TN, and WA. Which insurance companies we can quote depends on our current appointments, the product, and your state. Mentioning a company on this page does not mean we represent it.
Cost figures. Published averages and ranges are cited from the sources named, as of the dates shown. They are not quotes and may not reflect your price, which depends on the insurer, the surety, your credit, the bond type, and underwriting.
Availability. Coverage, prices, discounts, and eligibility vary by insurer, state, and applicant, and are subject to underwriting. The issued policy controls.
Your next step
Tell us about your contracting business, and a licensed agent will help with your South Carolina contractor bond, or start a bond quote online with our partner.
