Contractor License Bond in Oklahoma

What this bond requires in Oklahoma

Oklahoma has no statewide general contractor license. The Construction Industries Board requires every active plumbing, electrical, or mechanical contractor to file a $5,000 corporate surety bond payable to the CIB, plus a Certificate of General Liability insurance of at least $50,000 listing CIB as certificate holder; the bond must be continuous with a 30-day cancellation notice. Residential roofers must register under the Roofing Contractor Registration Act and carry at least $500,000 in general liability insurance ($1,000,000 for commercial roofing) but are not required to file a surety bond.

Who requires it

The contractor license bond is required by the Oklahoma Construction Industries Board (CIB) under Okla. Stat. tit. 59 §§ 1000.1 et seq. (plumbing), §§ 1680 et seq. (electrical), §§ 1850.1 et seq. (mechanical); Roofing Contractor Registration Act, tit. 59 §§ 1151.1 et seq..

How to file in Oklahoma

Applicants submit the CIB application by industry, pass the trade exam, file the executed $5,000 license bond on the CIB License Bond Form with original signatures, seal, and Power of Attorney, and provide the required Certificate of Insurance naming CIB as certificate holder. The license is activated once the bond and insurance are on file and the fee is paid.

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FAQ

Common questions

Is a contractor license bond required in Oklahoma?

Yes. Oklahoma requires contractor license bonds issued by an admitted surety. The required amount is $5,000.

How much is the bond in Oklahoma?

The bond amount is $5,000. Your annual premium is a small percentage of that, based on credit and experience.

Who requires the bond?

The bond is required by the Oklahoma Construction Industries Board (CIB).

How is the bond filed?

Applicants submit the CIB application by industry, pass the trade exam, file the executed $5,000 license bond on the CIB License Bond Form with original signatures, seal, and Power of Attorney, and provide the required Certificate of Insurance naming CIB as certificate holder. The license is activated once the bond and insurance are on file and the fee is paid.

What does the bond cover?

Surety bonds protect the obligee, not the principal. If you fail to meet the obligation the bond guarantees, the surety pays the claim and recovers from you.

Is a surety bond the same as insurance?

No. Insurance protects you. A surety bond protects whoever required the bond. You repay the surety for any claim they pay.