Who needs a contractor bond in South Russell, Ohio?
All contractors and subcontractors working through the structural stages of building in South Russell must be licensed and registered. A $10,000 contractor’s bond is also required.
Additionally, all contractors and subcontractors must provide the following:
- A completed registration application
- A $100 registration fee for each trade you work in
- Your State of Ohio specialty contractor license (if applicable)
- A copy of liability insurance: $300,000/$500,000 bodily injury, premises and product liability, $100,000 completed operations OR $500,000 combined single limit
- A copy of your state workman’s compensation certificate
- A completed “Business Withholding Registration” form from Central Collection Agency, South Russell’s taxing agent
Complete requirements and the registration and bond forms can be found in the South Russell contractor registration packet.
Need to purchase or renew your bond ASAP? Give us a call at (888) 435-4191, and we’ll help you get bonded in a zip! You can also check out our page on contractor license bonds in Ohio for state-specific information.
Get Your South Russell Contractor Bond:
How do contractor license bonds work?
The Village of South Russell (obligee) sets the contractor license bond terms. The bond is a safeguard for clients, ensuring the contractor (principal) adheres to all applicable city and state laws while performing work in the area.
If the contractor breaks any part of the bond agreement, the surety company will initially cover any damages to other parties. These parties may include the city, state, or individual clients. The contractor is ultimately responsible for paying the surety back for any covered claims, up to the full bond amount ($10,000) – plus fees and interest.
To obtain your surety bond, you will pay a premium – a small percentage of the bond value. ZipBonds can issue contractor license bonds quickly at a typical premium rate of $100.
Frequently Asked Questions
Bond terms typically last one year before needing renewal, and the bond renewal deadline often coincides with the registration renewal date. In South Russell, the registration renewal is December 31 each year. Your bond renewal date will be listed on your bond form.
Apply for Your Contractor Bond in South Russell, 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.