The Maryland Home Improvement Commission (MHIC) bond is a $20,000 surety bond required for businesses licensed by MHIC to perform home improvement work in Maryland (most residential renovation, remodeling, repair, and addition work). The bond protects Maryland homeowners harmed by contractor misconduct — incomplete work, code violations, deposit theft, or other actionable behavior. Premium typically runs $100–$500/year for standard credit. The bond is renewable annually and is verified by MHIC at license renewal. Without it, you can’t be licensed as a home improvement contractor in Maryland. We write MHIC bonds same-day for qualifying applicants.