South Bloomfield Contractor License Bond
Who needs a contractor license bond in South Bloomfield, Ohio?
All contractors working in South Bloomfield must register with the city and post a $10,000 surety bond. Contractors must also provide the following:
- An annual payment of $100 for registration
- Evidence of liability insurance of at least $300,000
- A State of Ohio specialty contractor license (if applicable)
Complete contractor requirements are listed by the city’s Building Department.
Need help? Call (888) 435-4191 to speak with one of our agents. You can also check out our page on contractor license bonds in Ohio if you need state-specific information.
Get Your South Bloomfield Contractor Bond:
How do contractor license bonds work?
A contractor license bond guarantees that a contractor (the principal in the bond contract) completes work in accordance with state or local laws. This may include adhering to building codes, paying taxes, and fulfilling other contractual obligations. These bonds protect South Bloomfield (the obligee) and a contractor’s clients from potential financial losses. If a client identifies a break in the agreement and files a claim, the surety company will cover the damages to the client. The principal must then reimburse the surety for the amount paid out.
To acquire your surety bond, you do not need to pay the entire bond amount. Instead, you’ll pay a premium, a small percentage of the bond limit. ZipBonds issues contractor license bonds quickly for as little as $100. Apply online today!
Frequently Asked Questions
When do I need to renew my bond?
Bonds often expire annually. In South Bloomfield, the registration renewal deadline is December 31, and bond renewals usually follow the registration renewal. Check your bond form to know for sure.
Will I need multiple contractor license bonds?
You may need more than one contractor bond if your work covers multiple trades. You can verify your bonding needs by calling ZipBonds.
Apply for Your Contractor Bond in South Bloomfield, OH
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
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.