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Originally Posted by Rob 53
So did you get your license?
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Not yet I paid for the insurance and bond yesterday. I have the bond but the insurance is supposed to be activated today. If not tomorrow. I have have been licenced before it has not change since the last time. Still no exam. Except you pay for two year licence and they upped the bonding requirement for G.C. and Sub's. Used to be able to get a bond with no credit for 250 for $4000 bond (sub) and 300 for a $8000 bond (G.C.). It went up to $6000 and 12,000. And a no credit price jumped sky high at $800. State min for G/L is 250,000. But most G.C.'s insurance require 1mil/2mil or higher. And if you want to stay in the same tract it's 10,000 up front and payroll audit which could raise it anywhere from $25,000 on up.
Luckily I bought a subs for $350 for $6000. Preferred rate!! I can do two trades under the bond and licence. Plus the state says you can do other trades if you don't make more than 1000 dollars of the job. I guess it's a handyman clause.
Actually I should check if that is still stands.
And up to 7 or 8 home in a tract for $1900 with no employee's for a year for 1mil/2mil. But they can audit me it will only cost me another 2g's and the end of the year for one other guy.