Alaska Nonresidential Electrical Contractors are required under AS 08.18 of the laws of State of Alaska to file an Alaska Nonresidential Electrical Contractors License Bond in the amount of $5,000 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 Alaska Nonresidential Electrical Contractors License Bond holds you accountable for your business decisions.
By possessing an Alaska Nonresidential Electrical Contractors License Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.