The Alaska Contractor is a $10,000.00 bond.
This bond is available in 1 or 3 year terms.
The Contractor Bond is a financial assurance that a contractor will complete a job to a client's satisfaction. The bond is a requirement for the issuance of an active license, reactivation of a license, and for the maintanance of an actively renewed license. The bond is filed for the benefit of consumers who may be damaged as a result of defective construction or other license law violations, and for the benefit of employees who have not been paid wages that are due to them.
Ashton Agency has a 99% approval rate and offers the Contractor Bond required for Alaska contractors at some of the most competitive rates available. Let us save you money!
Who needs a contractor bond?
In the State of Alaska, contractors are required to obtain a surety bond to be in compliance with Section 08.18 of the Alaska Statutes.
What is the contractor bond?
The contractor bond protects the party requesting the surety bond, the Obligee, against any financial losses as a result of poor financial choices, damages, unethical decisions, or a failure to adhere to state and local laws on the part of you, the Principal. By obtaining your contractor bond, you are telling the Obligee that you can be trusted and that you stand by your business decisions. The bond is filed for the benefit of consumers who may suffer damages as a result of defective construction or other license law violations, and for the benefit of employees who have not been paid wages that are due to them.
Depending on the kind of contracting work you do, your bond amount will vary:
General contractors: $10,000
Specialty contractors: $5,000
General contractor bonds expire on December 31st of even years.
Specialty contractor bonds expire on December 31st of odd years.
What else do I need besides the bond?
The State of Alaska requires that all licensed contractors hold both liability and workers' compensation insurance:
- LIABILITY INSURANCE - A certificate of insurance for public liability and property damage insurance (not less than $20,000 for property damage, $50,000 for injury or death to one person, $100,000 for injury or death to more than one person).
- WORKERS' COMPENSATION - Evidence of workers' compensation insurance is required under AS 23.30 for registration as a construction contractor. An "all states endorsement" will not fulfill this requirement.
Ashton Agency can write your liability coverage too. Contact us today at (800) 452-2663 for a free, no-obligation quote on both your bond and insurance! We can write your bond for up to one year. Let us save you money!
Not sure what else you might need to get licensed or renewed? Check out the requirements here!
I have my bond and insurance.. What now?
Contractors will submit the original signed bond form to the Alaska Contractor Licensing Section of the Division of Corporations, Business and Professional Licensing at the following address:
State of Alaska
Department of Commerce, Community, & Economic Development
Division of Corporations, Business & Professional Licensing
Contractor Licensing Section
PO Box 110806
Juneau, AK 99811-0806
The Contractor Licensing Section may be reached by phone at the following numbers:
If your company name begins with A-F: (907) 465-8444
If your company name begins with G-M: (907) 465-5470
If your company name begins with N-Z: (907) 465-5372
Get Bonded Within One Business Day!
Only Ashton Agency can provide you with:
- The lowest price for your dealer bond.
- Quickest Turnaround time.
- The ability to meet or beat any competitors' pricing.
Everyone needs a dealer bond, but by contacting the Ashton Agency, you can be sure you'll be getting the best price available, not to mention our stellar customer service and insider knowledge of the auto industry. We've been helping auto dealers get bonded for more than 45 years. Let us put that experience to work for you today!
Call us now at (800) 452-2663 for a free quote and we will contact you within 24 hours. We can assist you over the phone to ensure you receive your bond quickly and easily!
Don't have time to speak on the phone? Please fill out our easy online application and fax to (503) 253-1353. We can get you started right away!
A Better Price Starts Right Here!
Let's start with some basic information about your company to get going on your new Bond or Insurance. Please note that anything marked
must be completed before you can submit the form.
Prefer To Call?
We would love to help you over the phone. Call us at (800) 451-4854!