If you are a contractor in the State of Arizona and there is a claim against your Arizona Contractor’s License Bond, you may post an Arizona Contractor Arbitration Bond under ARS 32-1155.01 (D) to settle the dispute and prevent the suspension of your Arizona Contractors License only when the amount of the claim is less than $5,000.
Bonds Express offers an Arizona Contractor Arbitration Bond with a 99% approval rate.
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 Arizona Contractor Arbitration Bond holds you accountable for your business decisions.
By possessing an Arizona Contractor Arbitration Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.