North Carolina — Statement Of Bonding Ability - Electrical Contractor Bond
Apply for the North Carolina electrical contractor statement of bonding ability through RLI. Match the license name and classification before starting; this statement is not an issued project performance bond.
Continue to our secure checkout partner, RLI (opens in a new tab).
- Recorded state
- North Carolina
- Category
- Contractors & construction
What this bond does
G.S. 87-43.2(a)(4) uses a bonding ability statement to document financial capacity with an initial intermediate or unlimited license application, with Board-approved alternative financial information permitted.
- Who needs it
- The firm applying for the electrical license, using the applicable intermediate or unlimited classification.
- Who it protects
- The statement is evidence for the licensing Board, not payment or performance security for a customer’s project.
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
- North Carolina G.S. 87-43.2(a)(4): Issuance of license (opens in a new tab)Checked October 23, 2026
Have these ready
- Bring the electrical license information and qualifying person details.
- Bring the license or permit request and any required bond form.
- Identify the legal business, qualifying person, trade, and project address where applicable.
- Have the legal applicant name, named recipient and requested form available.
- License application name, classification, qualified-individual information and any sole-proprietor verification.
Questions about this bond
Is this the performance bond for a job?
No. It documents bonding ability for licensing; a project performance bond is a separate instrument.
Can I use alternative financial evidence?
The statute permits other financial information for the Board’s evaluation and specific approval.
Does this guarantee a license?
No. Qualified-individual and other licensing conditions remain subject to the Board’s review.
How do I start?
Purchase Now opens RLI in a new tab. After the statement is issued, submit it with the licensing materials as the Board directs.