Who needs a contractor license bond in Enid, Oklahoma?
The following contractors must be licensed with the City of Enid and post a surety bond. Bond amounts are as follows:
- Building contractor – $10,000
- Arborist contractor – $50,000
- Demolition contractor – $10,000
- Sign contractor – $10,000
These contractors must also pay a license fee and fulfill other requirements specific to each profession. See Enid’s business license page for complete information.
Reach out to ZipBonds with any questions by calling (888) 435-4191. We’d be happy to walk you through the entire bonding process! You can also check out our Oklahoma contractor bonds page for state-specific information.
Get Your Enid Contractor Bond:
How does a contractor license bond work?
Contractor license bonds ensure that contractors meet all applicable regulations and codes of their obligee (City of Enid). 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.
Contractors don’t need to pay the full bond amount to acquire their bond. 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
Your initial bond registration will likely last for the calendar year you filed it and expire on December 31. You can verify your specific bond renewal deadline on your bond form. Remember to keep your bond and registration up to date to remain in good standing as a contractor.
The bond amount is the maximum dollar value a client can request for compensation from a bonded contractor. However, if damages exceed this amount, clients may seek other compensation. As a contractor, it is best to avoid claims by always working professionally and rectifying client complaints effectively as they arise.
Apply for your Contractor Bond in Enid, OK
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.