A surety bond is an investment most electricians need to make. It provides a comprehensive level of support not just to you, but also to your customers and clients. When a consumer needs to turn to an electrician for support, he or she needs to know this person is going to do an excellent job, minimize any risks of fires and create workmanship that adds value to their property.
A surety bond gives those consumers the level of support they need to know this is the case. Why do you need it and does your license require it?
License and Permit Bonds
In most situations, surety bonds are a good thing. In some states, they may be a requirement for an electrician to obtain and maintain in order to hold a license to provide services within the state. However, this varies from one state to the next. Also important is to consider local laws. Some local jurisdictions will place requirements on those wishing to obtain a permit to do construction or build.
One of the qualifications imposed in many cases is the access to a surety bond. In short, the city may want to make sure anyone doing the work on the project is licensed and maintains the proper protections for homeowners or other building owners. Before starting any contract in any location, verify the requirements of these bonds.
Bonds Shouldn't Be Overlooked
While you may not be required to maintain a surety bond for you to hold your electrician license, it is nearly always a valuable tool. It provides your customers with a higher level of protection and confidence in you. They know that a bonded electrician is one they can rely on and, if a problem does arise, there is a financial tool available to them to reduce some of their financial risk.
If you are an electrician, search out an affordable, comprehensive surety bond to add this level of protection to your business. Doing so can make all of the difference in protecting your company, as well as your business' reputation.
Protect the interests of your business. Call Texas Insurance Agency at (713) 921-8000 for more information on Houston surety bonds.