Ohio – Avon Lake Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Avon Lake Contractors
Contractors performing contracting work in Avon Lake, Ohio, must be licensed by the city.
In addition to licensing, the city requires you to purchase a $15,000 Avon Lake contractor bond.
This surety bond requirement is also mandated for city landscapers.
AmeriPro Surety Bonds provides the Avon Lake contractor bond both as a new and renewal surety as required by the city.
Avon Lake Contractor Bond – Its Purpose
The purpose of the Avon Lake contractor bond is solely for the protection and benefit of Avon Lake.
Specifically, the bond is a financial guarantee that you as a licensed contractor will perform all work – including the overseeing of any employees — according to state and local statutes.
This surety bond, moreover, is a financial guarantee that all work awarded will be completed as contracted.
As such, the bond is not an insurance policy for you; it is a financial surety for city of Avon Lake.
In the unlikely event that the city files a claim on your contractor bond, and the claim is paid by the surety, you, as the bond’s principal (which, in surety lingo, means the owner of the bond) are required to reimburse the surety in full for all costs and fees associated related to the settlement of the city’s claim.
Avon Lake Contractor Bond – Its Premium and Duration
The $15,000 Avon Lake contractor bond will cost you nowhere near that amount in terms of the premium that you will be asked to pay.
Most, if not all applicants for this surety bond, will pay just $100 for its issuance.
The application is short, sweet, and simple—and can be completed over the phone with one of our agent.
After issuance. the bond has an expiration date of December 31st/. This is regardless of when the bond is issued.
Maintaining a current, active surety bond at all times is required in order to perform contracting work for the city.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout Ohio.
We also provide surety bonds nationwide.
We look forward to helping you obtain the bond you require.
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