As a local, independent agency, we know Maryland’s contractor bond requirements. Our licensed agents partner with top bond carriers to secure the best rates, help you avoid costly mistakes, and issue contractor bonds quickly.
Call (410) 650-6020 or request your Maryland contractor license bond quote online now.
Don’t risk delays or rejections — get bonded today with Platinum Insurance.
If you work in one of these categories, a bond isn’t optional — it’s required by law..
Start your bond application today. Most Maryland bonds are approved in just minutes.
Your premium depends on:
Example: A $20,000 MHIC bond may cost as little as $200/year with strong credit.
Even with lower credit, we have bonding programs to get you approved quickly.
✅ Obligee name errors – We verify all documents to prevent rejection.
✅ Credit concerns – Flexible bonding options available.
✅ Tight deadlines – Same-day service for urgent requests.
Call (410) 650-6020 — We’ll get your contractor bond issued fast.
Platinum Insurance has over 25 years of experience helping Maryland contractors secure license, bid, and performance bonds to stay compliant and grow their businesses.
Most contractor bonds are approved and issued in minutes.
Maryland law requires a $20,000 contractor license bond through the MHIC (Maryland Home Improvement Commission) before a contractor can get or renew their license. It protects customers and ensures contractors follow state regulations.
Most contractors pay between 1%–5% of the bond amount per year. For a $20,000 bond, that’s typically $200–$1,000 annually, depending on your credit and financials.
A contractor license bond is required by the MHIC to operate legally.
A bid bond guarantees you’ll honor your bid if awarded the project. Many contractors need both to stay compliant and competitive.
Yes. Even if you’ve had credit challenges, we offer flexible programs so you can still secure your Maryland surety bond for contractor licenses and keep your business running.
Most contractor bonds are issued the same day. With proper paperwork, you can have your MHIC license bond or bid bond in hand within minutes.
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Platinum Insurance provides Auto, Home, Contractors Liability, Surety Bonds, and Commercial Property Insurance.