Who needs a contractor license bond in Oxford, Mississippi?
All electrical, plumbing, gas fitting, and mechanical contractors must be licensed through the City of Oxford. One requirement for a license application is obtaining a $2,000 surety bond.
A permit is also required for the following work:
- Installing line wires
- Installing meters
- Installing signal or communication systems
You can find a complete list of requirements for the licensing, bonding, and permitting of contractors in Chapter 22 of the city municipal code.
Need help getting started? Call ZipBonds at (888) 435-4191, and an agent will be more than happy with your bonding questions. You can also check out our page on contractor license bonds in Mississippi for state-specific information.
Get Your Oxford Contractor License Bond:
How does a contractor license bond work?
A contractor license bond ensures that contractors fulfill all their obligations to clients. The bond agreement holds that contractors will follow the standards and regulations of the obligee (the City of Oxford). If a contractor breaks the bond agreement and costs a client money, that client can submit a claim for reimbursement. The surety will initially pay out the approved claim, but contractors are ultimately responsible for paying them back in full.
You don’t need to pay the full bond amount to obtain your bond. Instead, you’ll pay a premium – a small percentage of the bond amount. ZipBonds often issues contractor bonds instantly for just $100.
Frequently Asked Questions
Not usually. The bond requirement set by a municipality usually includes everything you need to start work in that city or county. In some cases, however, both local and state bonds are necessary. Review municipality requirements carefully to understand your specific needs.
The most typical bond term is one year. The renewal date is usually set for a specific date each year (e.g., August 1). You must renew your bond by the date listed on your bond form and keep your license current to remain in good standing with your municipality.
Apply for Your Contractor Bond in Oxford, MS
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email firstname.lastname@example.org or call 888.435.4191 to speak with an agent directly.
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.