Mississippi Contractor License BondMSBOC $100K + Local $2K-$10K

Yes, for commercial contractors. The Mississippi State Board of Contractors (MSBOC) requires a $100,000 contractor license bond for commercial contractors. However, not all contractors need this -- only those performing commercial work above $50,000. Many cities also require separate municipal bonds ranging from $2,000 to $10,000 regardless of MSBOC status.

Municipal bonds vary by city: Ridgeland requires $5,000, Tupelo requires $10,000, and Hattiesburg requires $2,000. Most Mississippi city bonds fall in the $5,000 to $10,000 range. These are separate from the $100,000 MSBOC commercial bond and are required in addition to state certification.

Non-resident contractors without a physical Mississippi location may need to prepay taxes or secure a tax bond for contracts over $10,000. Contractors with a Mississippi location may need a tax bond for contracts over $75,000. Contact the Mississippi Department of Revenue for specific requirements.

Municipal bonds ($2K-$10K) typically cost $50-$100 per year. The $100,000 MSBOC commercial bond costs $1,000-$10,000 per year depending on credit and financials. Premium rates range from 1% to 10% of the bond amount based on underwriting factors.

The $100,000 MSBOC bond protects consumers from contractor fraud, incomplete work, and violations of Mississippi construction law. It also covers manufactured housing contractor licenses at $25,000 per licensed facility (minimum $50,000 for more than 3 facilities). The Board investigates claims and can revoke licenses.

For MSBOC commercial licensing: apply through msboc.us, post a $100,000 bond, pass required exams, and provide proof of insurance. For municipal work, register with each city where you operate and post the required local bond. Some cities accept the MSBOC license but still require a separate local bond.