Who needs a contractor bond in Oakwood, Ohio?
All contractors in Oakwood must post a surety bond as part of the registration process. The estimated cost of work determines the bond amount. We’ve listed the work amount limits below, accompanied by the bond requirement for each:
Project Cost: Bond Requirement
- Up to $250,000: $2,500 bond
- $250,000 to $500,000: $5,000 bond
- $500,000 to $1,000,000: $10,000 bond
- Above $1,000,000: $25,000 bond
Contractors must also:
- Complete the registration application annually
- Pay the $75 registration fee
- Provide a copy of liability insurance: $250,000/$500,000 bodily injury, $100,000 property damage
- Provide a copy of a workers’ compensation certificate (if the business has more than one employee)
- Provide a copy of an Ohio state license (HVAC, electrical, hydronics, and plumbing contractors only)
Complete contractor requirements are listed in Part Thirteen of the Oakwood Village building code.
Need help? Call (888) 435-4191 to speak with one of our agents directly. You can also check out our page on contractor license bonds in Ohio for state-specific information.
Get Your Oakwood Contractor Bond:
How do contractor bonds work?
When obtaining this bond, the principal (contractor) enters into an agreement with the obligee (Mahoning County) and the surety company. A contractor license bond guarantees that the bonded contractor complies with applicable licensing and permit laws. If they don’t, any parties that suffer as a result can file a claim against the bond for compensation. The surety company may initially cover any damages incurred, but the principal must later repay them in full.
These bonds are quickly issued and typically cost only $100. Get bonded today by filling out the form below.
Frequently Asked Questions
The Oakwood bond expires on December 31 annually. Your bond, registration, and insurance must stay updated for you to remain in good standing.
Apply for Your Contractor Bond in Oakwood, 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.