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Plumbers and/or Mechanical Contractors operating in the State of Iowa are required under Iowa Code Chapter 105.19 to execute an Iowa Plumber and/or Mechanical Contractor Bond to ensure compliance with 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 Iowa Plumber and/or Mechanical Contractor Bond holds you accountable for your business decisions.
By possessing an Iowa Plumber and/or Mechanical Contractor Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.