How frequently should a licensed contractor check the status of their bond?

A licensed contractor should check the status of their bond at each renewal because this ensures that the bond remains current and in good standing, which is essential for maintaining compliance with licensing requirements. The bond acts as a form of financial protection for clients against potential contractor breaches, including failure to complete a project or adhere to regulations. By confirming the bond status upon renewal, contractors can also ensure that they fulfill any changes in bond requirements or limits that may have occurred since the last renewal period. Regular checks at this point help prevent any lapses that could affect a contractor's ability to work legally and maintain their reputation in the industry.