Who needs a street opening bond in Bayonne, New Jersey?
All street opening contractors in Bayonne must apply for a permit and post a $1,500 surety bond. The bond term is for two years.
These contractors must also provide the following:
- A permit application fee, determined by the type of work performed
- A ground restoration fee, determined by the City Engineer
- Access to the site(s) for an after-hours street opening inspection
- Liability insurance in the following amounts: $100,000/$300,000 for bodily injury or death; $50,000 for property damages
Complete contractor requirements are listed in Chapter 25 of the Bayonne municipal code.
You can also reach out to ZipBonds with any questions by calling (888) 435-4191. We’d be happy to walk you through the entire bonding process! Also feel free to check out our page on New Jersey contractor license bonds for state-specific information.
Get Your Bayonne Street Opening Bond:
Frequently Asked Questions
The initial bond term will often last for the remainder of the calendar year in which you post the bond. You must then renew your bond annually for it to remain active (for the duration of your project).
The bond amount, also called the penal sum, is the maximum dollar value a client can seek from a bonded contractor. If damages exceed this amount, clients may seek alternative means of compensation.
Apply for Your Contractor Bond in Bayonne, NJ
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.