BONDS
Coverage Amount:
$15,000
Cost:
Period:
Annual
Alabama Refrigeration Contractor Bond - $15,000
This surety bond is required for refrigeration contractors in Alabama to comply with state licensing regulations. After approval, the bond is filed to satisfy state requirements.
Covers
$15,000 surety bond (state compliance)
Filing confirmation for your records
Notes
A surety bond protects the public; it is not liability insurance for the contractor.
Most license bonds renew annually. Verify renewal dates with the state.
What is a surety bond and how does it work?
A surety bond is a three-party agreement among the principal (you), the obligee (the government agency), and the surety (bond company). It guarantees you will follow laws and regulations. If a valid claim is paid, the surety seeks reimbursement from the principal. A bond protects the public—not the licensee.
Who requires the bond and who sets the bond amount?
How long is the bond term and how do renewals work?
How is the bond filed with the agency?