Who needs a contractor registration bond in Youngstown, Ohio?
Specialty contractors include those working in the following areas:
- Air conditioning
Each registered contractor must also provide the following:
- Payment for the $100 registration fee ($50 for renewal)
- A certificate of liability insurance: $300,000 for bodily injury and $100,000 for property damage
- A copy of their State of Ohio worker’s compensation certificate
- A copy of their current state license
- If a specialty contractor, proof of qualified examination to work in the trade
Reach out to ZipBonds with any questions by calling (888) 435-4191. We’d be happy to walk you through the bonding process. You can also check out our page on contractor license bonds in Ohio for state-specific information.
Get Your Youngstown Contractor Bond:
How does a contractor bond work?
The City of Youngstown (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. However, 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’ll pay a premium – a small percentage of the bond’s value. ZipBonds can issue contractor license bonds quickly at a typical premium rate of $100.
Frequently Asked Questions
Both the bond and registration in Youngstown expire on December 31 annually. You must keep these and your insurance updated to remain in good standing.
According to the Youngstown specialty contractor application, a single bond and insurance certificate are permissible even if you work in multiple trades. However, you will need a separate registration for each trade.
Apply for Your Contractor Bond in Youngstown, 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.