New Jersey — Home Improvement And Home Elevation Contractor Compliance Bond
New Jersey requires home-improvement and home-elevation contractor businesses to maintain additional registration security. A compliance bond is one permitted form. The Division's published minimums are $10,000, $25,000 or $50,000 according to contract values and the previous 12 months' contracts; confirm the applicable tier before applying.
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- Recorded state
- New Jersey
- Bond type
- Contractor License / Registration Bond
- Category
- Contractors & construction
- Local scope
- Authority
- Identified authority / locality
- New Jersey Division of Consumer Affairs
What this bond does
Provide compliance security for the business's State registration, renewal or reinstatement request.
- Who needs it
- Home Improvement Contractor Businesses and Home Elevation Contractor Businesses using the Division of Consumer Affairs registration process.
- Who it protects
- This is additional registration security under N.J.S.A. 56:8-142. It is separate from required liability and applicable workers' compensation insurance, and is not automatically a full project-performance/payment bond or municipal contractor instrument.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, RLI (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
Have these ready
- Identify the actual HICB or HECB legal business and State request.
- Bring individual-contract values and the previous 12 months' contract total.
- Confirm the required tier, accepted compliance instrument and actual dates.
- Check issuance and submit separate security/insurance proof through current State instructions.
Questions about this bond
May I choose $10,000 because one job is small?
Do not assume so. The notice also considers the previous 12 months' contracts; confirm the applicable tier with the Division.
Is the business's liability insurance also its additional security?
No. The Division lists separate insurance and additional-security requirements, with a compliance bond as one permitted security form.
Does purchasing through RLI renew the State registration?
No. Check the issued compliance instrument and submit proof through the Division's current process with the other required evidence.