Who needs a contractor bond in Wellington, Ohio?
All contractors in Wellington must register with the Department of Finance and post a $5,000 surety bond. They must also provide the following:
- $50 for registration ($25 for renewal)
- A certificate of insurance: $500,000 for personal injury and $300,000 for property damage
- A copy of your state license (if you are an electrical, plumbing, or HVAC contractor)
- Application for a building permit (if a building contractor)
These requirements can be found in Chapter 1307 of the municipal code.
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 Wellington Contractor Bond:
How does a contractor bond work?
A contractor license bond guarantees that a contractor (the principal in the bond contract) completes work in accordance with city, county, or state laws. This may include adhering to building codes, paying taxes, and fulfilling other contractual obligations.
A Wellington contractor protects the village (obligee) and a contractor’s clients from financial losses. If one of these parties identifies a break in the bond 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.
You’ll pay a premium, a small percentage of the penal sum, to obtain your bond. ZipBonds can often process your bond instantly – and premiums start at just $100.
Frequently Asked Questions
Both the Wellington registration and bond must be renewed by January 30 each year. Also ensure your insurance stays up to date to remain in good standing in the village.
Apply for Your Contractor Bond in Wellington, 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.