South Carolina Contractors are required under the Code of Laws of South Carolina section 40-59-10 et. seq. to file a South Carolina Contractors License Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The South Carolina Contractors License Bond holds you accountable for your business decisions.
By possessing a South Carolina Contractors License Bond you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.