MD home improvement bonds.
$263 flat.

The Maryland Home Improvement Commission (MHIC) requires license applicants to show $30,000 of net worth — or post a $30,000 surety bond in its place under Business Regulation § 8-302. Ours is $263 flat, identical for every contractor.

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Required for your MHIC contractor license when you don’t show $30,000 net worth

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Fixed amount, fixed price — $30,000 bond, $263, no quote process

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Backs the Guaranty Fund — protects Maryland homeowners under the Home Improvement law

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

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How it works

Three steps to licensed.

Your MHIC license is waiting on this bond. Here’s the entire process — no broker phone tag:

NOW · ONLINE

Apply online

Business details, your MHIC license number if you have one, and an effective date. That’s the application — no financials, no credit section.

MINUTES, USUALLY

Pay & e-sign

Fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File with the MHIC

Your executed bond and power of attorney arrive by email, ready to file with your MHIC license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Maryland licenses home improvement contractors through the Maryland Home Improvement Commission (MHIC) under Business Regulation Title 8. To be licensed, an applicant must show personal net worth of at least $30,000 — or file a $30,000 surety bond in its place. The bond is the simpler path for most contractors.

The bond backs the Home Improvement Guaranty Fund: it is a consumer-protection guarantee that the homeowners you work for can recover for an actual loss caused by your violation of the Home Improvement law. You (the principal), the surety, and the MHIC (the obligee) are the parties; the homeowner is the protected one.

The surety’s aggregate liability under the bond is capped at $30,000, and it is not insurance for you — if the surety pays a Guaranty Fund claim, you repay the surety. Contractors who want to skip the financial-statement process entirely sometimes file a larger bond; send us your situation and we’ll confirm the amount.

Md. Code, Business Regulation § 8-302Under Business Regulation Article § 8-302, MHIC home improvement contractor license applicants must demonstrate at least $30,000 of net worth or file a $30,000 surety bond in lieu of that showing. The bond protects the Maryland Home Improvement Guaranty Fund, with aggregate surety liability for Guaranty Fund payments limited to $30,000. Some applicants file a larger bond to bypass the financial-disclosure process — confirm the amount that fits your application.

You need this bond if you are

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Applying for an MHIC license without showing $30,000 of net worth

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Renewing your MHIC license and your current bond is expiring or non-renewing

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A new contractor who would rather post a bond than assemble a financial statement

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Reinstating a license that lapsed and needs the bond re-filed

One application, issued instantly.

These are the actual issuing fields — no credit section, because this bond doesn’t have one.

Start the application →

FAQ

Common questions.

How much is the Maryland home improvement contractor bond?The premium is $263 flat — set by our carrier’s rate book for this specific $30,000 bond, the same for every contractor. The $30,000 amount is set by the MHIC, so there is no quote process.

Do I pay the $30,000?No. You pay $263. The $30,000 is the surety’s maximum aggregate liability for Guaranty Fund claims — it is not a deposit, and nobody holds your money.

Do I have to post a bond?Only if you don’t show $30,000 of personal net worth on the MHIC financial review. Contractors who meet that threshold can skip the bond; most find posting the $263 bond simpler than assembling the financials.

Is there a credit check?The application collects no credit information for this bond. Most applications approve instantly; if a check ever runs, it’s a soft pull that won’t affect your score.

When does it renew?The bond must stay active for as long as you hold the MHIC license. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out, with autopay available, so your license never lapses over a missed email.

Related bonds

Other Maryland bonds.

The MHIC is waiting on one document.

$263 flat, no credit review, bond often issued in the same sitting. Free until issued.

Start application

Your price$263

Apply now →