Who needs a contractor license bond in Mentor-on-the-Lake, Ohio?
All contractors and subcontractors working in the city must obtain a $10,000 surety bond. Additional contractor and subcontractor requirements include:
- Completing the registration application
- Paying the $50 license fee
- Providing proof of insurance: $1,000,000 liability and $1,000,000 property damage
- Providing a copy of your Ohio state license if you are an HVAC, electrical, hydronics, plumbing, or refrigeration contractor
- Providing the CCA municipal income tax form
Complete requirements, the registration application, and the bonding form can be found in the city’s contractor registration packet.
Call ZipBonds at (888) 435-4191 to apply for your bond today! Or check out our page on contractor license bonds in Ohio for more state-specific information.
Get Your Mentor-on-the-Lake Contractor Bond:
How do contractor bonds work?
By posting a license bond, contractors promise to follow the standards and regulations of their obligee (Mentor-on-the-Lake). Clients can file a claim for compensation if a contractor’s work doesn’t meet all criteria of the agreement. The surety may step in to settle the claim upfront, but the contractor will be held responsible for repaying all costs in full.
You will pay a premium to acquire your bond, which is a small percentage of the penal sum. At ZipBonds, contractor bond premiums start at $100.
Frequently Asked Questions
The Mentor-on-the-Lake contractor bond expires on December 31 each year. Keep your bond, contractor registration, and insurance up to date to remain compliant.
If your business works in multiple trades, you may need a separate bond for each trade. Be sure to read your city’s contractor registration requirements carefully. You can also reach out to ZipBonds with any questions along the way!
Apply for Your Contractor Bond in Mentor-on-the-Lake, 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.