This bond is required by the Oregon Revised Statutes Chapter 701. The State of Oregon requires almost all contractors in the state to maintain a valid license. As part of the license requirement, a surety bond is required, in varying amounts, depending on the type of commercial contractor and the volume of worked performed. The types of commercial licenses and the corresponding surety bond requirement are as follows:
(a) Commercial General Contractor Level 1 (CGC-1) $75,000 Bond
(b) Commercial General Contractor Level 2 (CGC-2) $20,000 Bond
(c) Commercial Specialty Contractor Level 1 (CSC-1) $50,000 Bond
(d) Commercial Specialty Contractor Level 2 (CSC-2) $20,000 Bond
To Attain a Oregon Contractor – Commercial General Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.