Every Nevada contractor must keep a license bond (or cash deposit) with the Nevada State Contractors Board. The Board sets each bond between $1,000 and $500,000, and the bond protects owners, workers, suppliers and anyone injured by the contractor’s unlawful acts on a construction contract.
| Title / common name | Nevada State Contractors Bond Form — contractor’s license bond filed with the Nevada State Contractors Board (NSCB) |
|---|---|
| Bond type | License & permit — contractor license bond |
| Industry / license category | Construction / contractor registration |
| Jurisdiction | United States → Nevada → Nevada State Contractors Board → Chapter 624, Nevada Revised Statutes The bond recites that the principal “has applied for or holds a contractor’s license with the Nevada State Contractors Board pursuant to Chapter 624, Nevada Revised Statutes”. |
| Obligee | State of Nevada The bond is made “in favor of the State of Nevada for the benefit of any person having a valid claim” in the four classes listed below. |
| Typical penal sum | Set by the Board for each licensee, from $1,000 to $500,000 NSCB says it sets the amount at license approval, considering the license type, the monetary limit granted, financial responsibility, experience and character. The applicant is notified of the amount once the application is approved. |
| Who needs it | Every Nevada contractor license applicant and licensee A cash deposit can be posted instead: a cashier’s check for the full bond amount, with a $200 biennial administrative fee, held for two years after the license ends or the bond requirement is relieved. |
| Who can claim | Any person with a valid claim who, as owner, was damaged by the contractor’s failure to perform or to remove liens; an employee who performed labor on the site; a supplier of materials or equipment; or anyone injured by an unlawful act or omission of the contractor in performing a contract |
| Surety requirements | A corporation licensed under the Nevada Insurance Code whose long-term obligations are rated “A” or better by a nationally recognized rating agency NSCB requires bonds on the Board’s own form, signed by the surety’s attorney-in-fact with the power of attorney attached, countersigned by a Nevada-licensed agent, and signed by a principal of the applicant or licensee. |
| Limits and claims | Aggregate liability is capped at the face amount however many years the bond runs or claims are filed; no action may be started more than two years after the act it is based on The surety must notify the Board within 30 days after being served or the action starting, whichever is first. Good-faith payments without a court action reduce the bond amount, and the surety must notify the Board in writing within 10 days of any payment. The surety is not liable for acts before the effective date or for labor and material bills incurred before it. |
| Form number / edition | Nevada State Contractors Bond Form · Revised 12/2021 · 1 page Revision date printed on the official PDF, re-checked 2026-10-30. NSCB also publishes separate Residential Improvement Bond for the Protection of Consumers and Residential Pool and Spa Consumer Bond forms. |
| Effective / cancellation | Effective on the date stated on the bond; the surety may terminate on at least 60 days’ written notice Notice goes by certified mail to the State Contractors Board at its Reno office. After termination the surety is discharged for any default of the principal occurring after that date. |
| Source | NSCB — Nevada State Contractors Bond Form (PDF) (official board form · revised 12/2021 · 1 page · linked, not hosted) Also: NSCB — Bonds (requirements page) · NRS Chapter 624 |
| Status | current |
| Last verified | 2026-10-30 |
From the NSCB bond form: “The total aggregate liability of the Surety for all claims shall be limited to the face amount of the bond, irrespective of the number of years the bond is in force or the number of claims filed.”
And: “NO ACTION MAY BE COMMENCED on this bond after the expiration of TWO (2) YEARS following the commission of the act upon which the action is based.”
Nevada is one of the few states that lets its board set the bond anywhere in a wide range. Neighboring Arizona tiers its bond by license type and volume (Arizona ROC contractor license bond), while Washington uses flat amounts (Washington L&I contractor registration bond). Our contractor license bonds by state guide compares ten states, including Nevada’s Residential Recovery Fund.
A license bond is a standing bond tied to the license, and its whole face amount is shared by every claimant. It does not replace a performance or payment bond on a specific job. The commercial surety primer explains how license and permit bonds work, and surety claims basics covers what happens when a claim is filed.
Open the Source link above for the official NSCB PDF. We summarize field facts and quote short key clauses rather than reproducing the form. Use the current form from the Board when filing; Global Guarantors does not host copies.