How To Become A Licensed Contractor In Nebraska
You Need A License And
business of construction and includes subcontractors, general contractors and any other person arranging for the performance of work on real property.”
We want to mention that there are a few exemptions to this rule. Minor handyman projects won’t require you to have a license, and neither will any projects that don’t exceed $5,000. However, most contractors will need a license to do anything. If the state finds out that your providing services without one, then you will have to pay some hefty fines.
Obtaining your contractor’s license is going to benefit you immensely. It will boost your credibility and clients will be more likely to do business with you. Here is how a state-issued license helps you:
- Taking on higher-paying projects – A contractor’s license paves the way for greater and more profitable opportunities. You can work on projects that exceed $5,000 once you have your license, and your earning potential will increase dramatically. And we can assure you that there is plenty of work to go around in Nebraska!
- Proving that you are credible and trustworthy – A state-issued license goes a long way in combating fraud. It’s the easiest way to establish trust with your clients and build your credibility. Also, having a license is the ultimate stamp of approval. It shows that you are a competent and capable contractor.
- Protecting your business, employees, and clients – In the world of contracting, you must prepare yourself for all of the unknowns. Having a license will require you to possess business insurance, which includes general liability insurance and workers’ compensation if you have employees.
The ideal plan will protect you, your employees, and your business assets, like equipment and vehicles. You never know what will happen, which is why having insurance is going to benefit you immensely. It will give you peace of mind knowing that you’re covered in the event of an accident, injury, or potential property damage.
Here is the information you will need to provide the state of Nebraska when filling out your application:
- Any relevant information as it pertains to your business, including a Federal ID Number, your business structure (partnerships, LLCs, corporations, etc.), and your trade name.
- Information detailing all the members and subcontractors whom you plan on employing. This also includes their phone numbers.
- Proof of general liability and workers’ compensation insurance (if you employ more than one person).
- Your federal tax ID number.
We also suggest that you advertise your insurance coverage. Your goal is to prove your reliability, and what better way of doing so than by showing your clients you can protect them from any potential liability? Customers will also appreciate it when you have workers’ compensation insurance because it shows that you are taking care of your employees.
If you are not satisfied with your current insurance coverage, then you can always search for a new provider. The state will also tell you if your plan is inadequate. furthermore, depending on your business structure, you may need to apply for a Nebraska business license. If you have any questions, we recommend that you contact the Nebraska Department of Labor.
We understand all the struggles and tedium of applying for a contractor’s license. However, we can assure you that it will be well worth it in the end. Having your license is going to ensure the success and longevity of your business.