Thursday, February 06, 2025
Compliance Bonds for NJ Home Improvement Contractor Businesses
by Bob Incollingo Promotional emails have been flying, all about the new compliance bond requirement for New Jersey home improvement contractors. So what is a compliance bond, and why now? First, a reminder. The new compliance bond requirement has nothing to do with the existing liability insurance requirement for contractor business registration. Second, some vocabulary. A bond is a three-way contract between a bonding company, or surety, who guarantees that
