An Electrical Contractor’s Surety Bond is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet their obligation, such as fulfilling the terms of a contract.
The bonds are typically purchased at insurance agencies, the minimum for Electrical Contractors is $10,000. When a contractor purchases a bond, it must be submitted with their licence application to TSASK where it is kept on file. If a contractor’s work does not meet TSASK’s standards, TSASK can call the bond and have the work completed by a trusted contractor, which is paid for from the bond.
How to Submit a Bond
TSASK is pleased to announce that we are now accepting E-bonds.
Instead of printing and mailing bonds, you can now send the bond electronically, provided the following criteria are met:
- E-bonds must be emailed from the issuing insurance agency to gelicensing@tsask.ca.
- The email must have the following declaration in the body of the email: “The attached is a true copy of the original bond as issued.”
- The email must include the name, address, phone number and email address of the broker and the surety company.
To be considered valid, electronic bonds must contain all of the following:
- Bond number
- Bond amount $10,000
- Full legal business name
- Obligee: Technical Safety Authority of Saskatchewan
- Principal’s Signature
- Insurer’s Signature
- Seal
- Date
VIEW A SAMPLE ELECTRICAL CONTRACTOR’S BOND
This document is for contractor’s/insurer’s communication only and will not be accepted in lieu of a bond.