Willowick Contractor Bond
Who needs a contractor bond in Willowick, Ohio?
All contractors doing business in Willowick must register with the city, even if they are already registered in the county or with another agency. They must also post a $15,000 surety bond.
Contractors must also provide the following:
- A completed and notarized contractor registration application
- $100 registration fee
- Current liability insurance with the City of Willowick listed as additionally insured
- A completed R.I.T.A tax form
- Either a Bureau of Workers’ Compensation form or a notarized exception form
- A copy of their state license (if applicable)
Complete requirements and printable forms are found in the Willowick contractor registration packet.
Call ZipBonds at (888) 435-4191 to apply for your bond today! You can also check out our page on contractor license bonds in Ohio for state-wide information.
Get Your Willowick Contractor Bond:
How does a contractor bond work?
Contractor license bonds ensure that contractors meet all applicable regulations and codes their obligee (City of Willowick) sets. The bond is a safeguard for clients.
The contractor acts as the principal in the bond contract. The bond guarantees a client compensation if the contractor breaks licensing and permit laws that result in damages. The surety may cover any costs to settle a bond claim upfront, but the contractor is ultimately responsible for paying back the surety over time.
To acquire their bond, contractors don’t need to pay the full amount. They will instead pay a premium, a small percentage of the bond amount. ZipBonds can issue these bonds quickly for just $100.
Frequently Asked Questions
The Willowick bond expires at the end of each calendar year. Your bond, registration, and insurance must remain updated for you to stay in good standing as a contractor.
You may need additional bonds if your work covers more than one trade. Occasionally, municipalities will require a separate bond per trade. You can verify your bonding requirements with the Willowick Building Department.
Apply for Your Contractor Bond in Willowick, 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.