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Nevada contractor license bondInsurance and workers' comp

Every license needs a bond or cash deposit, amount set by the Board between $1,000 and $500,000 based on license type, monetary limit and the…1 No general liability insurance requirement for licensure appears anywhere in NRS 624 or NAC 624.1

Bond and insurance by trade in Nevada

TradeBondInsuranceWorkers' comp
All tradesEvery license needs a bond or cash deposit, amount set by the Board between $1,000 and $500,000 based on license type,…1No general liability insurance requirement for licensure appears anywhere in NRS 624 or NAC 624.1Proof of industrial (workers' compensation) insurance and occupational disease coverage, a self-insurer certificate,…1

How much is the contractor bond in Nevada?

Every license needs a bond or cash deposit, amount set by the Board between $1,000 and $500,000 based on license type, monetary limit and the applicant's finances; surety rated A or better. Consumer residential-improvement and pool/spa bonds are separate. Financial statement and bank verification are required regardless of monetary limit.1

Can a Nevada contractor be exempt from workers' comp?

Proof of industrial (workers' compensation) insurance and occupational disease coverage, a self-insurer certificate, or an affidavit that the applicant has no employees and will not subcontract or bid for a principal contractor, required at issue and each renewal (NRS 624.256).1

What is a certificate of insurance?

It's the one-page summary (usually an ACORD 25 form) a contractor's agent issues to show the policies, limits and dates in force. How to read and check one