Who needs a contractor license bond in Canton, Ohio?
The following contractors working in Canton, Ohio, must register with the city and furnish a $10,000 surety bond:
- Residential home improvement contractors
- Electrical contractors
- Plumbing contractors
- HVAC contractors
- Demolition contractors
General construction contractors must also be licensed and furnish a $50,000 bond.
Other requirements for contractor registration include:
- A certificate of compliance from the City of Canton Income Tax Department
- Proof of worker’s compensation (even if a sole proprietorship)
- Liability insurance of $500,000 ($1,000,000 for general construction contractors)
- $75 application fee
You can find complete registration and bonding requirements on the Canton website: Contractor Registration Requirement Checklist.
Need help with your bond? Give ZipBonds a call at (888) 435-4191 and one of our agents will be happy to assist you through the bonding process! You can also check out our page on contractor license bonds in Ohio for state-specific information.
Get Your Canton Contractor License Bond:
How does a contractor license bond work?
A contractor license bond guarantees that contractors fulfill all obligations to clients. By signing the bond agreement, contractors hold that they will follow all standards and regulations of the obligee (City of Canton).
Clients can file a claim for damages if a contractor breaks any part of the bond agreement. The surety first pays out approved claims, but contractors are ultimately responsible for paying back claims up to the full bond amount.
To acquire your bond, you will pay a premium – a small percentage of the penal sum. ZipBonds offers premiums starting at $100 and often issues contractor bonds instantly.
Frequently Asked Questions
Bond terms are typically one year. The Canton bond expires on December 31 each year. There’s a $75 late fee for bonds that aren’t renewed on time.
A single license bond is often enough for contractors. However, multiple bonds are occasionally required. Read your municipality and state requirements carefully to ensure you’re operating legally.
Apply for Your Contractor Bond in Canton, OH
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.