Lander Contractor License Bond: A Comprehensive Guide

April 4, 2022

Lander Contractor License Bond

This guide provides information for insurance agents to help their customers obtain a Lander Contractor License Bond

At a Glance:

  • Average Cost: $100 per year
  • Bond Amount: $10,000
  • Who Needs it: All electrical, plumbing, building, refrigeration, and HVAC contractors operating in Lander, Wyoming
  • Purpose: To ensure the public will receive compensation for any damages should the contractor violate licensing law
  • Who Requires the Bond: The City of Lander

Background

Lander Municipal Code Title 13 requires all contractors operating in the city to obtain a business license. The Lander city council enacted the licensing requirement to ensure that contractors engage in ethical business practices. To provide financial security for the enforcement of the licensing law, contractors must purchase and maintain a $10,000 surety bond to be eligible for licensure.

What is the Purpose of the Lander Contractor License Bond?

Lander requires contractors to purchase a surety bond as part of the application process to obtain a business license. The bond ensures that the public will receive compensation for financial harm if the contractor fails to comply with the regulations set forth in Lander Municipal Code 13-1-6. Specifically, the bond protects the public in the event the contractor engages in any acts of fraud or breaches any contracts made with consumers. In short, the bond is a type of insurance that protects the public if the contractor breaks licensing law.

Lander Contractor License Bond Form

Lander Contractor License Bond Form

How Can an Insurance Agent Obtain a Lander Contractor License Surety Bond?

BondExchange makes obtaining a Lander Contractor License bond easy. Simply login to your account and use our keyword search to find the “contractor” bond in our database. Don’t have a login? Enroll now and let us help you satisfy your customers’ needs. Our friendly underwriting staff is available by phone (800) 438-1162, email or chat from 7:30 AM to 7:00 PM EST to assist you.

At BondExchange, our 40 years of experience, leading technology, and access to markets ensures that we have the knowledge and resources to provide your clients with fast and friendly service whether obtaining quotes or issuing bonds.

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Is a Credit Check Required for the Lander Contractor License Bond?

No, a credit check is not required for the Lander Contractor License bond. Because the bond is considered relatively low risk, the same low rate is offered to all plumbers operating in the city, regardless of their credit history.

How Much Does the Lander Contractor License Bond Cost?

The Lander Contractor License bond costs just $100 per year.

Who is Required to Purchase a Bond?

Lander requires all electrical, plumbing, building, refrigeration, and HVAC contractors operating in the city to purchase a surety bond as a prerequisite to obtaining a business license. To paraphrase Lander Municipal Code Title 13, a contractor is a person that provides construction services as an independent business.

How do Contractors Apply for a License in Lander?

*This section does not cover how to obtain a Lander Waste Hauling Contractor License, as waste haulers are exempt from the bonding requirement. To learn about the application requirements for this license, click here

Contractors in Lander must navigate several steps to secure a business license. Below are the general guidelines, but applicants should refer to the licensing statutes for details on the process.

License Period – All Lander Contractor Licenses expire on June 30 and must be renewed before the expiration date

Step 1 – Determine the License Classification

Lander requires contractors to obtain a license based on the type of work they perform. Below are the different classifications of the Lander Contractor License:

    • Electrical: Installs, constructs, maintains, or repairs electrical conductors
    • Plumbing: Installs, constructs, maintains, or repairs plumbing, piping, or water treatment equipment
    • Building: Constructs, alters or repairs any buildings/structures
      • Class I: May perform construction work on any structure regardless of its size
      • Class II: May perform work on residences no larger than an eight-plex as well as commercial structures with project costs not exceeding 25% of the assessed building value
      • Class III: May perform work on single or multi (duplex) family residences
      • Class IV: May only perform work on structures outlined in the city’s building code
      • Class V: May construct their own single-family dwelling once every five years
    • Refrigeration: Repairs or alters refrigeration machinery
    • HVAC: Installs, constructs, maintains, or repairs heating fixtures and appliances

Step 2 – Meet the Initial Requirements

Lander requires contractors to meet certain prerequisites before applying for licensure, as referenced below:

    • Electrical: Hold a current Electrical License issued by the Electrical Licensing Board of Wyoming
    • Plumbing:
      • Four years of experience as an apprentice and two years as a journeyman plumber, or three years of mechanical engineering education
      • Pass a Wyoming Association of Municipalities or other International Code Council (I.C.C.) approved exam
      • Maintain a business in a properly zoned area
    • Building: Pass an approved exam (applicable to Classes I, II, and III) and employ at least one licensed electrician, plumber, or HVAC contractor
    • Refrigeration: Pass an exam conducted by the city’s board of examiners or building inspector
    • HVAC: Pass a Wyoming Association of Municipalities or other International Code Council (I.C.C.) approved exam

Step 3 – Purchase a Surety Bond

Contractors must purchase and maintain a $10,000 surety bond

Step 4 – Complete the Application

All Lander Contractor License applications must be mailed or delivered to the following address:

City of Lander
240 Lincoln St
Lander, WY 82520

Contractors must complete the application in its entirety, and pay all applicable fees.

How do Lander Contractors Renew Their Business Licenses?

Contractors should mail or deliver their completed renewal applications to the following address:

City of Lander
240 Lincoln St
Lander, WY 82520

All Lander Contractor Licenses expire on June 30 and must be renewed before the expiration date.

What are the Insurance Requirements for Contractors in Lander?

Lander does not require contractors to purchase any form of liability insurance as a prerequisite to obtaining a business license. Contractors must purchase and maintain a $10,000 surety bond.

How Do Lander Contractors File Their Bonds?

Plumbing contractors should mail or deliver their completed bond forms, including the power of attorney, to the following address:

City of Lander
240 Lincoln St
Lander, WY 82520

The surety bond requires signatures from both the surety company that issues the bond and from the contractor. The surety company should include the following information on the bond form:

  • Legal name and license classification of the entity/individual(s) buying the bond
  • Surety company’s name and state of incorporation
  • Bond amount
  • Entity requiring the bond
  • Date the bond goes into effect
  • Date the bond is signed

What Can Lander Contractors do to Avoid Claims Against Their Bonds?

To avoid claims against their bonds, contractors in Lander must adhere to all licensing regulations in the city, including some of the most important issues below that tend to cause claims:

  • Do not engage in any acts of fraud
  • Do not breach any contracts made with consumers

What Other Insurance Products Can Agents Offer Contractors in Lander?

Lander does not require contractors to purchase any form of liability insurance as a prerequisite to obtaining a business license. However, most reputable contractors will purchase this insurance anyway. Bonds are our only business at BondExchange, so we do not issue any other types of insurance, but our agents often utilize brokers for this specific line of business. A list of brokers in this space can be found here.

How Can Insurance Agents Prospect for Lander Contractor Customers?

Lander conveniently provides a public database of active contractors in the city. Contact BondExchange for additional marketing resources. Agents can also leverage our print-mail relationships for discounted mailing services.

2022-04-18T10:08:35-04:00