Who needs a contractor bond in Olmsted, Ohio?
All contractors in Olmsted Township must post a $10,000 surety bond as part of the registration process. Contractors must also:
- Complete the registration application annually
- Pay the $125 registration fee annually
- Provide a certificate of liability insurance: $300,000 per occurrence, $600,000 general aggregate, $600,000 for products completed operations general aggregate
- Provide a copy of an Ohio state license if you are an HVAC, electrical, or fire protection contractor
Complete contractor requirements, the registration form, and the bond form can all be found in the Olmsted contractor registration packet.
If you have questions, contact ZipBonds by calling (888) 435-4191. We’d be happy to walk you through the entire bonding process! You can also visit our page on contractor license bonds in Ohio for state-specific information.
Get Your Olmsted Contractor Bond:
How do contractor bonds work?
When obtaining this bond, the principal (contractor) enters into an agreement with the obligee (Olmsted Township) and the surety company. A contractor license bond guarantees that the bonded contractor complies with applicable license 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 Olmsted contractor bond expires on December 31 each year. Keep your bond, registration, and insurance up to date to remain in standing and continue working legally.
You may need as many as one bond per trade if your work spans multiple trades. Feel free to contact ZipBonds if you have questions about your bonding needs.
Apply for Your Contractor Bond in Olmsted, 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.