Who needs a contractor bond in Lyndhurst, Ohio?
All residential and commercial contractors in Lyndhurst must register with the city and post a $20,000 surety bond on the city bond form.
Additional requirements include:
- Completing the registration application (included in the city’s registration packet)
- Paying a $100 registration fee
- Providing a copy of general liability insurance: $1,000,000/$2,000,000 bodily injury and $50,000 property damage OR $1,000,000 for each occurrence and $2,000,000 general aggregate
You’ll find a complete list of contractor requirements in the Lyndhurst registration packet.
Need help? Give us a call at (888) 435-4191. You can also check out our page on contractor license bonds in Ohio for state-specific information.
Get Your Lyndhurst Contractor Bond:
How do contractor license bonds work?
By signing the bond agreement, contractors promise to follow the standards and regulations of their obligee (e.g., the City of Lyndhurst). Clients can file a claim for compensation if the contractor fails to follow the agreement in any way that costs clients money. The surety will then pay to settle the claim upfront. However, contractors are responsible for paying back approved claims in full.
To get your bond, you’ll pay a small premium (a percentage of the penal sum). ZipBonds offers contractor bond premiums starting at just $100.
Frequently Asked Questions
The bond and registration terms in Lyndhurst renew each calendar year. You must renew both on time (before expiration) to remain in good standing.
Apply for Your Contractor Bond in Lyndhurst, 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.