Maryland Home Improvement Contractor Bonds

Fast, MHIC Contractor Bonds

Instantly purchase your Maryland Home Improvement Contractor Bond for $525.

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$30,000
Bond Amount
$525
Total Cost
2 Years
Term
Instant
Email Delivery


What You Need to Know About Maryland Home Improvement Contractor License Requirements

To obtain or renew your Maryland Home Improvement Contractor (MHIC) license, contractors must meet the financial responsibility requirements set by the Maryland Home Improvement Commission. If these requirements aren’t met through net worth or other acceptable means, a $30,000 home improvement contractor bond is required. This bond ensures compliance with state regulations and protects consumers throughout home improvement projects.

MD HIC Pricing

Bond Amount Term Length Price Credit Check Required
$30,000 2 Years $525 Yes

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I am an ...

Most Obligee's require that the name on the Bond EXACTLY match your license or license application.
Type of Entity
Has the business or any of the owners been involved in:

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By submitting this Application, the owners listed above hereby authorize BondAbility, (including any of its representatives affiliates, agents or designees) to conduct any and all investigative inquiries including but not limited to obtaining consumer credit reports. Any person who knowingly and with intent to defraud any insurance company or other person files an application for insurance or statement of claim containing any materially false, incomplete, or misleading information, or conceals information concerning any material fact whereto, commits a fraudulent insurance act, which is a crime punishable by incarceration, and shall also be subject to civil penalties

Maryland Home Improvement Contractor Surety Bonds (MHIC bonds) are mandatory financial guarantees required by the Maryland Home Improvement Commission (MHIC). Contractors who do not meet the Home Improvement Guaranty Fund's financial criteria must obtain this home improvement surety bond as an alternative to contributing to the fund. See MHIC details on financial solvency requirements.

Why Contractors Choose BondAbility

  • Easy-to-use online ordering
  • Fast bond issuance and convenient email delivery
  • Competitive bond pricing through our extensive surety network

Frequently Asked Questions (FAQ)

Who requires the Maryland Home Improvement Contractor bond?

The bond is required by the Maryland Home Improvement Commission (MHIC).

What is the bond amount and term length?

The required bond amount is $30,000, covering a two-year license term.

How much does the MHIC bond cost?

Premiums are $525 for the 2 year term. All applicants qualify for that rate.

Additional Resources for Home Improvement Contractors

Bond Details at a Glance

  • Obligee: Maryland Home Improvement Commission (MHIC)
  • Address: 500 North Calvert Street, Baltimore, MD 21202
  • Bond Amount: $30,000
  • Renewal Document: Renewal/Continuation Certificate Required

Let BondAbility simplify your Maryland Home Improvement Contractor bond process today!

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