Chardon, Ohio Contractor License Bond
Who needs a contractor license bond in Chardon, Ohio?
The following contractors must obtain a license bond in Chardon, Ohio:
- Construction contractors: The bond amount is 100% of the construction cost
- Demolition contractors: $5,000 bond amount
- Right-of-way contractors: $5,000 bond amount
These contractors must also obtain a certificate of insurance liability ($100,000/$300,000 bodily injury, $50,000 property damage). Complete requirements for each contractor type are linked above.
If you need help with any part of the bonding process, please call us at (888) 435-4191 to speak with an agent. We’d be happy to answer any of your questions. You can also check out our page on contractor license bonds in Ohio for state-specific information.
Get Your Chardon Contractor License Bond:
How does a contractor license bond work?
A contractor license bond ensures that contractors fulfill all their obligations to clients. By signing the bond agreement, contractors state that they will follow the standards and regulations of the obligee (City of Chardon).
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’ll pay a premium, a small percentage of the penal sum. ZipBonds can issue many contractor license bonds instantly, with premiums starting at $100.
Frequently Asked Questions
License bonds typically last for one year before needing renewal. Your bond’s renewal date will be listed on the bond form. Ensure that your bond and license stay up to date to remain in good legal standing.
You may need a bond for each trade if you work in multiple trades. To ensure your compliance, carefully read your municipality’s requirements for contractors.
Apply for Your Contractor Bond in Chardon, OH
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.