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South Carolina bonds

South Carolina — Residential Builder Certificate Of Authorization Bond

Prepare bond security for a South Carolina residential builder certificate of authorization. The Residential Builders Commission's license form identifies $15,000 for its Residential Builder/Certificate of Authorization category.

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Recorded state
South Carolina
Bond type
Residential Contractor Bond
Category
Contractors & construction

What this bond does

This bond supports the residential business authorization identified in the commission's form. The applicant entity and authorization category should match the firm's licensing file.

Who needs it
Firms arranging Residential Builders Commission security for a residential builder certificate of authorization.
Who it protects
The commission form identifies the commission, state and homeowners sustaining losses within the bond's terms. Its conditions address applicable residential code and health and safety duties.

Your bond option

This is the option on record for this bond.

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.

Choose the builder authorization category

The commission's form distinguishes Residential Builder/Certificate of Authorization at $15,000 from licensed residential specialty contractors at $10,000 and registered specialty contractors at $5,000.

Use the category for your authorization rather than copying an amount from another trade. Have the firm name and any qualifying-license details ready for the application.

Coordinate the license term and continuation

The published form includes the license term and allows renewal by continuation certificate. It defines a license year as July 1 through June 30 for its stated liability provisions.

Its cancellation clause requires at least thirty days' notice to the commission and preserves applicable earlier liability. Track continuation and replacement dates with the authorization records.

Apply in the authorized firm's name

Select Purchase Now for the residential builder certificate offering. Provide the commission's bond form, correct category, and applicant details.

Check the executed names, amount, and dates before filing with the commission. The premium is separate from the $15,000 form category and other licensing fees.

Sources

Have these ready

  1. Firm's legal name and authorization category.
  2. Commission application and qualifying-license details.
  3. Required $15,000 builder/authorization form category.
  4. License term and continuation information.

Questions about this bond

Can I use the registered specialty contractor amount?

The commission's form assigns different amounts to different categories. The builder/authorization category states $15,000.

Does the bond replace the certificate application?

No. Submit it with the remaining documents required for the firm's authorization.

Is continuation allowed?

The published form provides for renewal by continuation certificate.

Is every homeowner loss covered?

Protection follows the bond's conditions, statutory duties and applicable limits. The bond is not general property insurance.

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