Have you considered the fact that being licensed and bonded isn’t enough?
Licensed, ok that is pretty easily understood, but what is bonded? Bonds protect consumers from unfulfilled contractual promises of a licensee, but if a bond company makes a payment to a third party in your behalf, they will hound you until they are reimbursed AND you will not be able to secure a new bond until you do – never mind the cost. Without said bond you have no license, so it’s important that you understand how this all works. All that said, we haven’t even gotten to the insurance needs of contractors.