New Hampshire Contractor Bond License Guide
New Hampshire requires contractors to obtain a contractor bond to become licensed. The amount for these bonds varies depending on the type of contractor, location, and project. Some of these bonds can be issued instantly online for a set premium or are prorated for the bond term’s end date.
Why are contractor bonds required in New Hampshire?
Villages in New Hampshire require contractors to post surety bonds prior to starting work. These bonds ensure the principal (contractor) will abide by all applicable rules and legislation outlining the classification-specific work, in addition to protecting consumers from damages caused by negligent or faulty work. Obligees (government entities requiring the bond) enforce the legal language on the bond form that places liability on the principal.
Affected contractors can file a claim against the surety bond; if found to have validity, the surety (the company that financially backs the bond) will pay the claim up to the bond’s full amount. However, the principal is required to reimburse the surety in full for any money paid out.
Right of Way Bond
Right-of-way performance contractors are required by the state of New Hampshire to post a surety bond. The bond amount ranges from $1,000 to $50,000 for a one-year term. The cost of the bond is currently $10 for every $1,000, or a $100 minimum; however, a 25% multi-year discount is available for customers who purchase this bond for a multiple-year term upfront.
New Hampshire city-specific contractor bonds
New Hampshire contractors must post a surety bond with the city or town they are working in. More information on city and county-specific bond requirements can be found below.
Village District of Eidelweiss Right of Way Bond
Village District of Eidelweiss requires contractors to post a $4,000 right of way bond to become registered within the town. A one-year term for this bond has a $100 premium cost. A 25% multi-year discount is available for customers who purchase this bond for a multiple-year term upfront.
Visit SuretyBonds.com or call us at 1 (800) 308-4358 to talk to a representative to learn more and get your New Hampshire bond today!
Search all contractor bonds in New Hampshire
Over the years, our bonding experts have put together the most comprehensive surety bond library. Most of our contractor bonds can be purchased instantly online in only a few minutes.
Use the list on the right below to browse all of our available contractor bonds in New Hampshire You can also try searching by bond amount, obligee, or bond name.