We've got the answers you're looking for.


Bonds & Liability Insurance: Frequently Asked Questions

Over the years, many of you have asked great questions and we have done our best to answer all of them in a simple manner. With many of our contractors having the same or similar questions, Go Bonds has compiled the most commonly asked questions into an FAQ page to serve as a resource. Please do not hesitate to contact us as we are always here to answer any questions you may have!

The information provided is general in nature and is not intended to address particular circumstances.  Please consult your own legal or financial professional for further information and application to your business or individual needs.

Q: What are the requirements for a contractor bond?

A: Bonds are based on the personal credit of at least one principal on the license, as well as license status and other underwriting factors. In order to see what rate your company qualifies for you can apply online with the contractor's license number and Social Security number of one of the principals on the license. Or you can call our office at 1-844-266-3777 to apply over the phone.

Q: What does a contractor license bond cover?

A: The license bond provides financial security and construction assurance on building and construction projects by ensuring residential project owners that the contractor will perform the work and pay subcontractors, laborers, and material suppliers, and that commercial contractors will comply with all commercial codes set forth by the state. Essentially, a surety bond is a guarantee between the contractor, the party who they are providing the work for and the bonding company that ensures the contractor's obligations will be performed.

Q: Does Go Bonds check credit for bond applications?

A: Go Bonds relies on a credit check for all bond applications; however, it is a soft credit check, meaning it does not affect your credit score or show up on any credit reports.

Q: How do I get my contractor license?

A: The Arizona Registrar of Contractors (AZ ROC) is your resource for contractor licensing. Find out more information on its website.

Q. How long is a bond valid?

A: The bond must be continuous. This means that there is no termination date on the bond. You may be required to pay premiums to the bonding company periodically to keep the bond in force. The bonding company has the right to cancel the bond but must send a notice to you and the Arizona Registrar of Contractors 30 days prior to the cancellation date. If this occurs, you will need to replace the bond or your license will be suspended. If your bond is in cash, Go Bonds will retain the bond until two years after the license terminates. If no claims are made against the bond in that time, you may apply to have the bond released to you.

Q: I have submitted a building permit but it has not been issued yet. What bonds will I need?

A: The local permit office in whose jurisdiction you are applying for permits will inform you of which bonds, if any, are needed to proceed with the permitting process. Requirements differ in each county and city. Once the permit office provides the requirements, Go Bonds can help you with obtaining the needed bonds.

Q: Does Go Bonds send an Arizona Contractors License Bond ID card to its clients?

A: Yes! All of our bond clients receive a bond card for their wallet.

Q: How much does liability insurance cost?

A: Liability is dependent on many different underwriting questions, such as annual gross receipts, employee payroll, and the type of construction being performed. To get a firm quote on coverage, apply online below or call our office at 1-844-BONDS-77 so we can get your answers to all the required underwriting questions.

Go Bonds - Logo Grayscale

J.E.P. Capital, Inc. dba GO BONDS

P.O. Box 277817
Sacramento, CA 95827-7817

ph: 1-844-BONDS-77 (844-266-3777)

CA DOI License #0G80249

AZ DOI License #3001940599

NV DOI License #3795290

OR DFR License #3001957626

WA OIC License #1158271