NJ HIC Bond Cost in 2026: Exact Pricing for Every Contractor Tier
April 9, 20264 min readBy Can Do Surety Bonds
New Jersey requires all Home Improvement Contractor (HIC) businesses to carry a compliance surety bond. The cost is lower than most contractors expect — and no-credit-check options may be available for qualifying programs and applicants. Requirements vary by bond type, amount, and carrier.
Need help confirming the right bond? Share the bond type, amount or obligee if known, deadline, and contact details. We'll confirm the exact requirement and follow up after review; timing varies by bond type and application.
Request a quoteThe Three Bond Tiers and Exact Costs
Your required bond amount is determined by either your largest single contract or your total annual contract volume — whichever is higher.
$10,000 Bond — $100/year
For contractors whose largest single contract is under $10,000, OR whose total annual volume is less than $150,000.
For contractors whose largest single contract is under $10,000, OR whose total annual volume is less than $150,000.
$25,000 Bond — $125/year
For contractors with contracts between $10,000–$120,000, OR annual volume between $150,000–$750,000.
For contractors with contracts between $10,000–$120,000, OR annual volume between $150,000–$750,000.
$50,000 Bond — $250/year
For contractors with contracts over $120,000, OR annual volume above $750,000.
For contractors with contracts over $120,000, OR annual volume above $750,000.
Why Are These Rates So Low?
NJ HIC compliance bonds are a low-risk product for surety companies. The bond protects the NJ Division of Consumer Affairs and consumers — not the contractor. Because most HIC contractors don't have claims on their bonds, surety companies charge flat, low premiums.
For $10K and $25K bonds, no-credit-check options may be available for qualifying programs and applicants. Requirements vary by bond type, amount, and carrier; the applicable flat rate is confirmed for the bond tier.
What Affects the Price?
For $10K and $25K bonds: nothing. The rate is flat.
For $50K bonds, pricing may vary based on:
- Credit score
- Years in business
- Claims history
- Business financials
Most established contractors with $50K bonds still pay near the base rate of $250/year.
How to Get Bonded
Step 1: Call (609) 491-7404 or fill out the contact form on this site.
Step 2: Tell us your business volume and which tier applies. We'll confirm your bond amount in minutes.
Step 3: After requirements, eligibility, and underwriting are confirmed, same-day issuance may be available and documents can be sent for your NJ Division of Consumer Affairs renewal.
Same-day issuance may be available after requirements, eligibility, and underwriting are confirmed; timing varies by bond type and application.
Don't Overpay for Your Bond
Some online providers quote higher rates or add unnecessary fees.
At Can Do Surety Bonds, most contractors pay the flat rates listed above — no surprises.
👉 Get your NJ HIC bond today or call (609) 491-7404 for immediate service.