Who needs a contractor license bond in North Ridgeville, Ohio?
All contractors and subcontractors in North Ridgeville must register with the city and post a $25,000 surety bond. Other requirements include the following:
- Provide an affidavit showing two years of experience.
- Pay the registration fee: $250 for contractors, $100 for subcontractors.
- Provide a certificate of liability insurance: minimum of $500,000, $1,000,000 liability and $10,000 property damage.
- Each employee must be registered with RITA (the Regional Income Tax Authority).
You can find a complete list of requirements and the registration, bond, and affidavit forms in the city’s contractor registration package.
Call ZipBonds at (888) 435-4191 to get bonded as quickly as possible. You can also check out our page on contractor license bonds in Ohio for state-specific information.
Get Your North Ridegeville Contractor Bond:
How do contractor bonds work?
A contractor license bond guarantees that clients will receive quality work from their contractors. By signing the bond agreement, contractors agree to work according to the standards and regulations of the obligee (City of North Ridgeville).
Clients may file a claim for compensation if their contractor’s work fails to meet any of the listed standards. The surety will then cover the costs to settle a valid claim upfront, but the contractor is responsible for paying back the claim in full, up to the bond limit.
You’ll pay a premium to acquire your bond, which will be a small percentage of the penal sum. Our premiums start at $100, and we often issue bonds instantly.
Frequently Asked Questions
The North Ridgeville bond expires on December 31 each year. Keep your bond, registration, and insurance updated to continue working legally.
Apply for Your Contractor Bond in North Ridgeville, 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.