In Marshall, Texas, contractors can post a $15,000 Contractor License Bond as part of their registration insurance requirement for the City. With Jet Insurance Company this bond can be purchased in minutes at our guaranteed rate.
The cost of the bond is $100 annually or $10 monthly. Two or three-year terms are available as well. All you need to do is click the button above, enter some basic information, and submit payment. The bond will be ready at that moment to download.
Bond Term | Cost |
---|---|
Monthly | $10 |
1 Year | $100 |
2 Years | $175 |
3 Years | $250 |
With the bond purchase complete, Jet can file the bond for you immediately. This can be done with our contact at the City of Marshall via email, or by mail to the following address:
City of Marshall
401 S Alamo
Marshall, TX 75671
Contractors may want to submit the bond with other registration paperwork. If this is you, just send us an email request at [email protected].
Whether you are registering with the City of Marshall as a General Contractor, Electrician, Irrigation Contractor, or Plumber the bond process and price remains the same with Jet.
Why do I need this bond?
The City of Marshall (like many other cities, counties, and states) uses insurance requirements as a method to protect itself and its citizens from financial damages caused by contractors. Marshall, Texas gives contractors the option to post either a contractor bond or a general liability policy. You can quickly determine which is the less expensive option as liability policies average about $1,500 a year versus a $100 License Bond.
The surety bond does work differently than an insurance policy by also protecting the public from warranty issues and job abandonment. Liability coverage will almost always exclude such risks. Furthermore, the surety bond is much less expensive as it is a guarantee of payment to damaged parties, but does not alleviate the contractor from their culpability. The surety company must be reimbursed.
A contractor can steer clear of trouble by upholding their contract, addressing warranty issues and following the Marshall Building Guidelines. Should trouble arise and a contractor finds themselves facing a bond claim, Jet Insurance Company will conduct its own investigation to determine if the accusation is fraudulent. This is quite the opposite of typical insurance companies who try to deny coverage at the detriment of the contractor, our denial is for their benefit.
What happens after a contractor purchases the bond?
After the bond is filed with the City of Marshall there is nothing to do for the contractor regarding the bond. For contractors who purchase our monthly payment option, and as long as the card on file can make a $10 payment each month, contractors will never have to worry about their insurance requirement again.
Annual bond terms will require a renewal. Jet will notify the contractor well in advance of the bond expiration date to make payment to keep the bond active.
Bond cancellation can be done via email request to [email protected]. The bond does stay active for 30 additional days from the date the City receives our notice of cancellation.