New Jersey Home Improvement Contractor Bonds

Buy Now Home Improvement Contractor Compliance Bonds in New Jersey.
Our price starts at $75!

Click for a No Obligation Quote


ATTENTION Registered Contractors in New Jersey!
Pre-Approval Check for NJ Home Improvement or Elevation Contractors.
Click the link above to see if you qualify for our preferred pricing for your compliance bond - no application needed! The pre-approval is only for existing New Jersey Home Improvement Contractors HICB or Home Elevation Contractors HECB with the NJ Division of Consumer Affairs.

Compliance Bond Pricing

Bond Amount
No Application*
Pre-approved Price**
$10,000 Bond
For contracts under $10,000 OR contracts less than $150,000 in the previous 12 months
$100
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$75-$100
Pre-Approval Check
$25,000 Bond
For contracts between $10,000-$120,000 OR contracts between $150,000 and $750,000 in the previous 12 months
$250
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$188 - $250
Pre-Approval Check
$50,000 Bond
For contracts over $120,000 OR contracts at least $750,000 in the previous 12 months
$375+ Apply Now
Pricing listed above are one-year terms. An application is required for all $50,000 bond applicants.

Flexible Underwriting Options

As a bond only agency, we are pleased to offer you flexible underwriting options for the $10,000 and $25,000 bond amounts. Have questions? Give us a call at 800 818 3940. We are here to help!

  • *Buy Now - No Application Required: Skip the application and credit check - purchase your bond instantly! Click the green "Buy Now" button for your desired bond amount and we will issue and email your bond within 1 business hour.
  • **Price with Pre-Approval: If you are already registered as a NJ Home Improvement Contractor (HIC) or Home Elevation Contractor (HEC), you may be pre-approved for your compliance bond. Click the link below to see if you qualify and can skip the application:
    Pre-Approval Check for NJ Home Improvement or Elevation Contractors.
  • **Price with Application: Click on our blue "Click for No Obligation Quote" button to complete our quick, online application to determine eligibility for our preferred pricing listed above. Once submitted, you will receive your exact quote within 1 business hour!

Compliance Bond Requirements

To meet the state’s bonding requirements under N.J.S.A. 56:8-142, you’ll need a bond in one of these amounts:

  • $50,000 Bond: For single contracts over $120,000 or yearly contracts totaling at least $750,000
  • $25,000 Bond : For single contracts between $10,000 and $120,000 or yearly contracts totaling $150,000–$750,000
  • $10,000 Bond: For single contracts under $10,000 or yearly contracts totaling less than $150,000

Existing registrations expire on March 31, 2025. Renewal applications will be available in January 2025, so now is the time to ensure you have the required coverage and security. Visit the New Jersey Licensing Portal to submit your renewal. For more information, please visit the New Jersey Division of Consumer Affairs.


Quick and Reliable Bond Solutions for New Jersey Contractors

To comply with the latest New Jersey contractor registration laws, BondAbility offers the fastest and easiest way to secure your compliance bond, ensuring your business meets the state’s updated requirements. With BondAbility, you get:

  • Simple, Fast, Secure Online Bonding: Get your bond with ease—simply choose if you would like to complete our 30 second application to see if you qualify for our preferred pricing OR you can choose to skip the application and purchase the bond now for the $10,000 and $25,000 bond amounts.
  • Lowest Rates: As a bond only agency, we have exclusive programs that allow us to bring you the best pricing and simplest bonding process in the marketplace. PERIOD.
  • Instant Approval & Fast Delivery: Purchase your compliance bond online and receive your bond via email within 1 business hour.

What You Need to Know About New Jersey’s New Contractor Requirements

In response to P.L. 2023, c. 237 signed by Governor Murphy, the Contractors’ Business Registration Act was amended to enforce new insurance and bonding standards. To operate legally in New Jersey, all HICBs and HECBs must have:

  1. Workers’ Compensation Insurance (unless legally exempt)
  2. Commercial General Liability Insurance:
    • Minimum of $500,000 per occurrence for HICBs
    • Minimum of $1,000,000 per occurrence for HECBs
  3. Additional Security Requirement (compliance bond, irrevocable letter of credit, or other security)

Why Contractors Choose BondAbility

All Home Improvement and Home Elevation Contractor Businesses (HICBs/HECBs) in New Jersey are required by law to maintain a compliance bond or other security to keep their registrations valid. At BondAbility, Bonds are all we do! So you can ensure that your business remains compliant with the new requirements, so you stay focused on what matters—your business.

  • Up Front Pricing: See your exact cost before you commit!
  • Family Owned and Operated: With 3 generations and almost 50 years writing surety bonds, we are here to help and appreciate the opportunity to earn your business.
  • Fast, Friendly and Efficient Service: No prompts, just people. When you call our office, you will speak with our live support team.

Frequently Asked Questions (FAQ)

  • What is a New Jersey Contractor Compliance Bond?
    A New Jersey Contractor Compliance Bond is a type of surety bond required by the New Jersey Division of Consumer Affairs. It ensures contractors comply with state regulations and protects clients from potential misconduct or damages.
  • How much does a contractor compliance bond cost?
    The cost of a bond depends on the bond amount and the applicant’s credit. For qualified applicants, premiums start as low as $75 for a $10,000 bond.
  • Who needs a compliance bond in New Jersey?
    All Home Improvement and Home Elevation Contractor Businesses (HICBs and HECBs) are required to maintain a compliance bond as part of their registration process in New Jersey.
  • How long does it take to get a bond?
    With BondAbility, most bonds are approved instantly, and you will receive your bond via email within 1 business hour.
  • How can I apply for a bond?
    You can apply online through BondAbility’s simple and secure application. The process takes less than 60 seconds, and only a soft credit check is required for the $50,000 bond amounts.
  • Can I increase my compliance bond?
    Yes! If during your registration year, you determine you need to increase your bond based on your annual revenue amounts or single contract amounts, simply contact us and we will review and only bill the additional premium for the bond amount increase.
  • What happens if I have contract with a customer that is above the single contract limit for my bond amount?
    If that single contract increases your overall yearly contract amount to a higher threshold, then you should increase your bond amount to the next tier, ie $25,000 or $50,000. For example, if you have a $10,000 bond (contracts under $10,000 or yearly contracts totaling less than $150,000) and you have a single contract for $11,000, but your yearly contracts are still less than $150,000, you should not need to increase your bond. If you have a single contract for $11,000 and your yearly contracts will now be over $150,000, then you should increase your bond to $25,000(contracts between $10,000 and $120,000 or yearly contracts totaling $150,000–$750,000).
  • What is the difference between surety bonds and insurance?
    Surety bonds and insurance serve different purposes. Surety bonds are a three-party agreement that guarantees one party (the principal) will fulfill their obligations to another party (the obligee), backed by a third party (the surety). In contrast, insurance is a two-party agreement designed to protect the insured against specific losses or risks. Importantly, surety bonds do not protect the bondholder; they protect the obligee if the principal fails to perform.
  • What is the difference between a surety bond and an ILOC (Irrevocable Letter of Credit)?
    A surety bond is a guarantee provided by a surety company, requiring no collateral upfront and typically involving an annual premium. An ILOC, issued by a bank, requires the applicant to provide 100% collateral (or other guarantees) to secure the letter. While both are forms of financial guarantees, surety bonds are more cost-effective and flexible, as they preserve liquidity and free up working capital compared to an ILOC.
  • Why get a surety bond instead of increasing your general liability insurance?
    A surety bond is often required by law or contract and serves as a guarantee of performance or compliance. General liability insurance, on the other hand, protects against claims related to property damage or bodily injury caused by your business operations. Increasing general liability insurance cannot replace a surety bond because they address different obligations and risks. Surety bonds specifically protect the obligee and ensure compliance with legal or contractual requirements, which general liability insurance does not cover.

Start Your Bond Today with BondAbility

The New Jersey Division of Consumer Affairs is urging contractors to take action now. Purchase your bond today so you are fully prepared when you apply for or renew your registration with the New Jersey Division of Consumer Affairs. You will have the option to make your bond effective today for immediate coverage or March 31 2025. Your bond will cover your registration term through March 31 2026. Choose Bondability for your compliance bond needs and experience the ease and reliability our contractors count on.


Additional Resources

For more information and resources related to New Jersey contractor requirements, please refer to the following links:

Additional information about this corporate surety bond requirement is as follows:

Obligee - New Jersey Division Of Consumer Affairs(DCA)
Bond Amount - Starts at $10,000
Bond Premium - Starts at $75
Renewal Document - Renewal Bond. The NJ DCA will require a renewal document during each registration year.

Click on the No Obligation Quote button to complete our simple, one-page online bonding application.

Completing the following application allows the underwriters at BondAbility to provide you with a specific quote for the exact bond you need. After you submit our online application, we will respond with your personalized quote within the hour!

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:

If there are documents that you would like to upload for our review, please upload them below

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