Who needs a contractor license bond in Delaware, Ohio?
Demolition and excavation contractors in Delaware, Ohio, must post a $5,000 surety bond. The risk manager may set a higher bond amount when these contractors register with the city. Other requirements include paying a $75 registration fee and holding liability insurance: $300,000 combined single limit, $300,000 bodily injury, and $300,000 property damage.
Contractors that must register with the City of Delaware but don’t require a bond are:
- General contractors
- Remodeling/home maintenance contractors
- Mechanical contractors
- HVAC contractors
- Sign contractors
- Gas contractors
Electrical, HVAC, refrigeration, plumbing, and hydronic contractors must show proof of a State of Ohio license.
Have questions? Give us a call at (888) 435-4191, and a ZipBonds agent will gladly walk you through the bonding process. You can also see our page on contractor license bonds in Ohio for state-specific information.
Get Your Delaware Contractor Bond:
How does a contractor license bond work?
A contractor license bond provides clients with a guarantee that their contractors will abide by the standards and regulations of the obligee (City of Delaware). Clients can file a claim for compensation if a contractor doesn’t follow any component of the bond agreement. The surety will initially pay out an approved claim, but contractors must ultimately pay back claims in full, up to the total bond amount.
To obtain your bond, you’ll pay a premium (a percentage of the penal sum). ZipBonds offers premiums that start at $100 and can often get contractors bonded instantly.
Frequently Asked Questions
Bonds typically run on one-year terms. The Delaware contractor registration expires on December 31 yearly and must be renewed to remain active. The renewal date for your bond will be listed on your bond form.
Working in either excavation or demolition alone will require just one bond through the City of Delaware. If you work in both trades, you will need two separate bonds.
Apply for Your Contractor Bond in Delaware, 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.