Stow, Ohio Contractor Bond
Who needs a contractor bond in Stow, Ohio?
Right-of-way contractors working in Stow may need to purchase a bond (if deemed necessary by the Building Department) and pay a permit fee. The Building Department will determine the bond amount required on a case-by-case basis.
Additionally, the following contractors must register with the city:
- Building contractors ($100 initial registration, $75 annual renewal)
- Electrical contractors ($100 initial registration, $75 annual renewal)
- Excavation contractors ($100 initial registration, $75 annual renewal)
- HVAC contractors ($150 initial registration, $100 annual renewal)
- Plumbing contractors ($150 initial registration, $100 annual renewal)
Those registering with the City of Stow must also provide the following:
- A state license (electrical, heating, and plumbing contractors)
- A permit application (building, electrical, and plumbing contractors)
There may be other requirements for contractors to operate legally within city limits. Reach out to the Stow Building Department with questions.
Call ZipBonds at (888) 435-4191 if you have any questions about your bonding needs or need help with the application process. You can also visit our page on contractor license bonds in Ohio for state-specific information.
Get Your Stow Contractor Bond:
How do contractor license bonds work?
The City of Stow (obligee) sets the contractor license bond terms. The bond is a safeguard for clients, ensuring the contractor (principal) adheres to the applicable city and state laws while performing work in the city.
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 total bond amount.
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
When do I need to renew my bond?
Bonds often expire at the end of the calendar year. Your specific bond renewal date will be listed on the bond form. Keep your bond, registration, and insurance up to date to maintain good standing.
Will I need multiple contractor license bonds?
You won’t likely need multiple bonds in Stow. If you’re unsure about your bonding requirements, contact us at ZipBonds, and we’ll be glad to help!
Apply for Your Contractor Bond in Stow, 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.