Other Names for this Surety Bond: DCHIC – District of Columbia Home Improvement Contractor Bond, Contractor License Bond, Home Improvement Bond
The bond protects consumers and guarantees the contractor will observe and comply with the provisions of the Acts of Congress approved July 1, 1932, 47 Stat. 550 and September 6, 1960, 74 Stat. 815, with the Home Improvement Business Regulations, and with any amendments to those Acts and/or Regulations. The bond guarantees the principal will pay all damages caused to any person by the violation of those Acts and/or Regulations.
The Washington D.C. Department of Consumer & Regulatory Affairs requires all home improvement contractors to post a $25,000 surety bond for the duration of the two-year license period.
Your credit score and financial health determine how much you'll be paying for this surety bond. The average cost is between 3% and 4% of the total bond amount for a 2 year term for a standard credit score. With challenged credit, your bond rate can start as high as 9%. Fill out the online application below and we will send you a free bond quote with the best rates availabe.
To get a free bond quote for a DCHIC Bond, complete the online application below or download the PDF application and send to apps@www.southcoastsurety.com. We will send you a quote within 2 business days.
In the bond application, please include personal information for all owners who hold 10% or more of the corporation. The effective date can be any date no more than 30 days in the past. The bond must run for 2 years.
In the bond application, please include personal information for all owners who hold 10% or more of the corporation. The effective date can be any date no more than 30 days in the past. The bond must run for 2 years.