Who needs a contractor bond in Newburgh, New York?
Blasting/demolition contractors working in Newburgh must post a surety bond. The city will determine the bond amount required based on the risk of work performed.
These contractors must also provide the following:
- Permit application
- Permit application fee (varies, depending on the type of demolition)
- Workman’s compensation insurance certificate
- Liability insurance
The city provides complete bonding information and permit requirements. Call ZipBonds at (888) 435-4191 to apply for your bond today! You can also check out our page on New York contractor bonds for state-specific information.
Get Your Newburgh Contractor Bond:
How do contractor bonds work?
Contractor license bonds ensure that contractors meet all applicable regulations and codes of their obligee (City of Newburgh). The bond is a safeguard for clients.
The contractor acts as the principal in the bond contract. The bond guarantees a client compensation if the contractor breaks licensing and permit laws that result in damages. The surety may cover any costs to settle a bond claim upfront, but the contractor is ultimately responsible for paying back the surety over time.
Contractors don’t need to pay the full bond amount to acquire their bond. They will instead pay a premium, a small percentage of the bond amount. ZipBonds can issue these bonds quickly for just $100.
Frequently Asked Questions
You will find your bond expiration date on your bond form. You must keep your bond up to date for as long as you’re working on projects requiring bonding in Newburgh.
The bond amount represents the maximum dollar value a client can request from a bonded contractor. However, if damages exceed this amount, clients may seek other forms of compensation. As a contractor, it is best to avoid claims by working professionally and efficiently and responding immediately to any client complaints.
Apply for your Contractor Bond in Newburgh, NY
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email email@example.com 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.