Gas Contractor Bond
Safety Standards Act Surety Bond
A Gas Contractor Bond is a Surety Bond that is typically required by a provincial Safety Authority in order to hold a mechanical contractors license. It is a three party security agreement, usually in the amount of $10,000 bearing the insurer’s signature and seal issued to the stated Obligee. You can get instantly approved and purchase your Gas Contractor License Bond through our online portal today!
What is a Gas Contractor Bond?
A Gas Bond is a three party financial obligation between the Principal, Surety Underwriter, and Obligee (not to worry, we’ll explain what each of these parties are shortly). The bond itself guarantees that you, the Principal, will comply with all guidelines and regulations outlined by the specified provincial Safety Standards Act for any gas related work performed. The typically required bond value for a Gas Bond is $10,000 and is issued in BC and Saskatchewan.
For clarity, the 3 parties (and their definitions) included in the security of a Gas Contractor License Bond are:
The Principal – This is you, the contractor applying for the bond and this entity whether company or individual is responsible for any losses that may be caused under the terms of this surety agreement.
The Surety – This is the insurance / bonding company providing the financial backing for the issued bond and is bound to the Obligee that the principal will comply with the commitments on the bond (view an example of the bond wordings here: example for BC; example for SK).
The Obligee – This is the party whom the guarantee on the bond is being made to. For Gas Contractor’s Surety Bonds, it will be your provincial safety authority.
What is received when purchasing a Gas Contractor License Bond?
When you purchase a Gas Bond through our online portal you, and your provincial safety / regulatory authority will receive a verified e-bond that complies with local requirements. This usually includes:
- Bond Number
- Bond Amount: $10,000 (but can be more if needed)
- Full legal business name or sole proprietorship
- Obligee: Technical Safety BC or Technical Safety Saskatchewan
- Principal’s Signature (this is collected in our online application)
- Insurance Company Signature
- Surety Company Seal
- Date
We only use reputable bonding companies for issuing our Gas Bonds, so you’ll know you’re getting the right bond. We always leverage verified e bonds when possible for all of our surety bonds.
Why do I need a Gas Contractors Bond?
You or your company may require a Gas Bond when looking to obtain a license to operate issued by a local safety authority. Currently, both the Technical Safety BC as well as the Saskatchewan Safety Authority (TSASK) are requiring mechanical contractors, gas-fitters, propane distributors, and other gas related employers to obtain a surety bond in order to have a Gas License issued for the contractor. You can review more details from the respective governing bodies via the following links:
How much does a Gas Contractor Bond cost?
A Gas Contractor Surety Bond can be purchased for as little as $150 for a 1 year bond duration and $350 for a 3 year bond duration. We are committed to providing the lowest rates in the surety bond industry and only provide security from the top-rated Canadian surety underwriters. We always issue digital (e-bond) versions of our surety bonds when available; however, if your local authority requires a hard copy, additional mailing / courier costs may apply.
It doesn’t cost anything to pursue a quote for a bond and we never require you to proceed with a purchase once a quote is provided, so get started today!
Starting at only
$150
per year
$10,000+ Surety Bond
1 or 3 Year Term (Renewable)
Reliable Canadian Underwriters
Certified E-Bond
Online Approval & Payment for Gas Bonds
How It Works
Step 1
Complete a brief online questionnaire about your business.
Step 2
Receive an instant quote directly in your web browser.
Step 3
Your surety bond will be issued to your Provincial Regulatory Authority with a certified E-Bond.
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