City of Oconomowoc, WI – Contractor Bonds
Who needs contractor bonds in Oconomowoc, Wisconsin?
Contractors working in the city right-of-way must obtain a permit and post a surety bond. Bond amounts are as follows, based on the type of work:
- Opening and excavating within the right-of-way: $1,500 per opening
- Placing materials within the right-of-way (dumpster, building materials, etc.): $1,000-$3,000 bond
For those placing materials in the right-of-way, the City of Oconomowoc will determine the exact bond amounts based on the project size and location. Contractors must complete application(s) linked to the type of work above and follow specific guidelines for each.
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 Wisconsin contractor license bonds if you’re looking for state-specific information.
Get Your Oconomowoc Contractor Bond:
Frequently Asked Questions
What if a claim exceeds the bond amount?
The bond amount, also called the penal sum, is the maximum dollar value a client can seek from a bonded contractor. If damages exceed this amount, clients may seek alternative means of compensation.
How long will my bond cover my work?
The initial bond term will often last for the remainder of the calendar year in which you post the bond. You must then renew your bond annually for it to remain active (for the duration of your project). The bond renewal date will be listed on your bond form.
Apply for Your Contractor Bond in Oconomowoc, WI
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.