NJ HIC Bond Cost — Reference Pricing by Bond Tier
The figures below are agency-specific indicative reference pricing. Final premium and any applicable fees are confirmed after eligibility, carrier, underwriting, and fee review. No-credit-check options may be available for qualifying programs and applicants; requirements vary by bond type, amount, and carrier.
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NJ HIC Bond Pricing
Bond amounts are set by NJ law (P.L. 2023, c. 237) based on your contract size and annual totals. The displayed figures are agency-specific reference pricing, not a universal quote.
$10,000 Bond
For contracts under $10,000 each OR annual contract totals less than $150,000
$25,000 Bond
For contracts $10,000–$120,000 each OR annual contract totals $150,000–$750,000
$50,000 Bond
For contracts over $120,000 each OR annual contract totals over $750,000
Not sure which bond amount you need? Call us — we'll confirm in minutes.
What Determines Your NJ HIC Bond Cost?
Your Contract Size
The NJ Division of Consumer Affairs assigns bond amounts based on the size of individual contracts and your annual contract totals — not your credit score.
Premium Review
The agency confirms the applicable premium after reviewing the bond amount, eligibility, carrier, underwriting, and any applicable fees.
Annual HIC Registration Renewal by March 31
HIC business registration renewal is due March 31 each year. If a compliance bond is selected, confirm its separate term and filing details.
Fee Verification
Any applicable premium, carrier charges, and agency fees are confirmed before you decide whether to proceed.
NJ HIC Bond Cost — Common Questions
How much does a New Jersey HIC bond cost?
Agency-specific reference pricing may be available for $10,000, $25,000, and $50,000 bond tiers. Final premium and applicable fees are confirmed after review.
Which bond amount do I need?
The required bond amount is based on the size of your individual contracts and your total annual contract volume. If you're unsure which tier applies to you, call us and we'll confirm quickly at no charge.
Is there a credit check for the NJ HIC bond?
No-credit-check options may be available for qualifying programs and applicants. Requirements vary by bond type, amount, and carrier, and the final quote is confirmed after review.
Does the bond cost change at renewal?
Renewal pricing is confirmed for the applicable bond amount and current application. It may depend on eligibility, carrier, underwriting, and applicable fees.