As proposed by Senate Bill 250, electrical contractors providing services in the state of Missouri are now required to post a surety bond as a form of financial security. This new amendment to Chapter 325 RSMo is a result of the creation of the Missouri Electrical Industry Licensing Board, also enacted by Senate Bill 250 and House Bill 2118.
The purpose of creating this requirement is to hold electrical contractors responsible for providing ethical and lawful services for any project or task they complete within the state. If damages are discovered during or after the completion of the contractual service provided due to inadequate or poor workmanship, no one will be financially harmed as a result. The surety bond holder will then need to reimburse the surety company in a responsible and timely manner for all funds borrowed.
Contractors are required to post separate bonds for each individual political subdivision that he or she plans to conduct work in unless that specific subdivision does not require one. To find out whether or not a specific subdivision requires the posting of a surety bond, please contact that subdivision directly.
In addition to the new surety bond requirement, the Missouri Electrical Industry Licensing Board also requires all contractors to obtain a statewide electrical contractor’s license. This new statewide license would allow contractors to perform contractual services in any jurisdiction across the state. Each electrical contracting firm is required to have at least one person at a supervisory level obtain a statewide license.
In order to apply for a statewide electrical contractor’s license, applicants must be able to meet the following requirements:
- Be at least 21 years of age
- Be a United States citizen
- Pass the mandatory standardized and nationally accredited electrical assessment examination
- Pay all required examination and application fees
- Provide proof of posting a surety bond
- And more
At SuretyBonds.com, our team of dedicated bonding experts will work hard to get you the bond you need quickly, easily and accurately. This act goes into effect on August 28, 2015. If you know that you need to post an electrical contractor bond in order to continue conducting lawful services in the state of Missouri, please call us today at 1 (800) 308-4358 or submit an online bond request now. Our surety specialists are standing by ready to help.