License bond · Maryland

Maryland contractor license bond: $30,000 if net worth is short (2026)

By Oussama Chicha, EditorUpdated Checked against primary sources · not yet reviewed by a licensed professionalFact-checked
Quick answer

Maryland home improvement contractors need a Maryland Home Improvement Commission (MHIC) license, but a surety bond only if they do not demonstrate a net worth equal to the maximum Guaranty Fund award. COMAR 09.08.01.19 then requires a 2-year surety bond for that amount, which Md. Code, Bus. Reg. § 8-405(e)(1) caps at $30,000. An indemnitor is the other route; COMAR does not say when MHIC's $100,000 form applies.

Maryland · License bondVerified 2026-09-22
Bond amount, where it applies
$30,000
Set by reference, not by a fixed figure in the rule: the bond must equal 'the maximum Fund award available to one claimant for acts of omissions of one contractor' under Md. Code, Bus. Reg. § 8-405(e)(1), which caps an award at $30,000. MHIC's application page offers two official bond forms, $30,000 and $100,000. Term is 2 years, and the bond must be maintained until the Commission authorizes cancellation on proof of sufficient net worth.
Applies only to
Applicants for and holders of an MHIC contractor license who do not demonstrate a net worth equal to the maximum Guaranty Fund award; an indemnitor is the other alternative offered by the Commission.

What the statute says

An applicant that does not demonstrate a net worth equal to the maximum Fund award available to one claimant for acts of omissions of one contractor under Business Regulation Article, §8-405(e)(1), Annotated Code of Maryland, must obtain a 2-year surety bond for that amount.
COMAR 09.08.01.19(C)-(D); award cap at Md. Code, Bus. Reg. § 8-405(e)(1) · Official text · retrieved 2026-09-22

Who this applies to

Home improvement contracting in Maryland requires a license from the Maryland Home Improvement Commission (MHIC) [4]. The bond reaches fewer people than the license does. It is aimed at an applicant or licensee that does not demonstrate a net worth equal to the maximum award the Home Improvement Guaranty Fund can make to one claimant for the acts or omissions of one contractor [1]. The statute caps that award at $30,000 [2], so the same figure sets both the net worth that passes the test and the size of the bond that stands in for it.

A contractor below that line has two routes, according to the Commission's application page [5]:

That page links two official bond forms, one for $30,000 and one for $100,000 [5]. The regulation does not say when the larger form applies, so which form a particular application calls for is the Commission's to confirm.

What the rule says

The regulation, COMAR 09.08.01.19, carries no dollar figure of its own: it requires a 2-year surety bond "for that amount", meaning the maximum Fund award [1]. The number comes from section 8-405(e)(1) of the Business Regulation Article, which caps an award at $30,000 to one claimant for the acts or omissions of one contractor [2], so the bond follows the statutory cap rather than a sum written into the rule. Once filed, it stays required until the Commission authorizes cancellation on proof of sufficient net worth [1].

How to comply

The bond runs to the Commission for the benefit of the Home Improvement Guaranty Fund, which compensates homeowners up to $30,000 [6]. Every licensee pays into that fund whether or not it files a bond: $100 for an original contractor and $175 every two years on renewal, per the Commission [6]. Section 8-302.1 of the Business Regulation Article adds a general liability insurance requirement of at least $500,000 for all licensed contractors [3].

What changed recently

COMAR 09.08.01.19 was most recently amended effective June 23, 2025 [1]. That date belongs to the regulation, which holds the solvency test, the bond term and the cancellation condition; the $30,000 cap is set in the statute [2].

Related

Run Maryland's figure through the contractor license bond cost calculator, or compare it with all states' bond requirements.

Contractor license bonds: other states

Sources

  1. COMAR 09.08.01.19, Financial Solvency (Maryland Home Improvement Commission), official Maryland regulations site (retrieved 2026-09-22)
  2. Md. Code, Business Regulation § 8-405, Guaranty Fund awards (maximum $30,000 to one claimant for acts or omissions of one contractor) (retrieved 2026-09-22)
  3. Md. Code, Business Regulation § 8-302.1, general liability insurance requirement ($500,000) (retrieved 2026-09-22)
  4. Md. Code, Business Regulation § 8-301, contractor license required (retrieved 2026-09-22)
  5. MHIC, Apply for a License page: 'Any applicant who does not meet the Commission's financial solvency guidelines may obtain an indemnitor or purchase a surety bond', linking Surety Bond form ($30,000) and Surety Bond form ($100,000) (retrieved 2026-09-22)
  6. MHIC, Commission home page (Guaranty Fund: maximum recovery $30,000; two-year assessments $100 original / $175 renewal) (retrieved 2026-09-22)

Changelog

  1. : Page published.
  2. : Dataset first published with 48 of 51 jurisdictions verified.