Indiana/Kentucky/Ohio Region Contractor Bond
Who needs a contractor bond in the Indiana-Kentucky-Ohio region?
The Indiana Kentucky Ohio Regional Council of Carpenters (IKORCC) covers Kentucky, Indiana, the northwest region of Ohio, and parts of Tennessee and West Virginia. This organization requires contractors to post bonds to ensure their employees receive wages and welfare benefits as promised.
Bond requirements can vary based on a contractor’s or business’s number of employees.
- Ten or fewer employees: $25,000 bond
- 11 to 25 employees: $75,000 bond
- 26 or more employees: $150,000 bond
Need help? Give us a call at (888) 435-4191, and we’ll be more than happy to help identify your bonding needs. You can also check out our page on contractor license bonds in Kentucky for state-specific information.
Get Your Indiana/Kentucky/Ohio Region Contractor License Bond:
How does a contractor license bond work?
A contractor license bond guarantees that contractors will meet all applicable regulations and codes of the obligee (i.e., the IKORCC). If a contractor fails in any way to follow the bond agreement, clients can file a claim to receive compensation for their losses.
To obtain your contractor bond in the Indiana/Kentucky/Ohio region, you’ll pay a premium, a small percentage of the full bond amount. ZipBonds can issue your bond quickly, at a typical rate of 1-3% of the bond amount. Therefore, a $25,000 bond can cost as little as $250.
Frequently Asked Questions
How do I avoid claims against my bond?
Claims can arise when a client becomes dissatisfied with the quality of your work. You can usually avoid client complaints by continually working in a professional and timely manner. If a client does bring a complaint to you, address it as quickly as possible and to your client’s satisfaction. This can often prevent a complaint from turning into a costly claim.
Can I get bonded if I have a bad credit score?
Absolutely. We have options to secure a surety bond no matter what your credit score is.
Apply for Your Indiana/Kentucky/Ohio Region Contractor Bond
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.