The $10,000 Bedford Heights contractor bond is required as a prerequisite for licensing to engage in contracting within the city limits.
Our agency offers your this surety bond for about $100 annually.
The Bedford Heights contractor bond is not an insurance policy; it is a surety bond.
This surety bond is a financial guarantee for city of Bedford Heights that contracting work performed within the city will be:
The protections offered to the city by virtue of this surety bond encompass construction work, repairs, alterations, additions, subtractions, reconstruction of buildings and other work done in the city.
The bond allows the city of Bedford Heights to file against the bond for failure to meet contractual obligations.
But since the bond is not an insurance policy, in the unlikely event that a claim is paid from your surety, it is your legal responsibility to reimburse the surety in full for all costs and fees paid in the settlement of that claim.
The premium for the Bedford Heights contractor bond is a small, most likely about $100 annually.
Unless purchased very late within a calendar year, the bond’s expiration will be December 31st of that same year; however, in any event, the bond will expire on December 31st of either the same or the following year.
A current, active surety bond must always be kept active in order to perform contractor work within the city.
AmeriPro Surety Bonds is a surety bonds-only agency. Our focus is your contractor bond.
We also provide license and permit, fiduciary, and court surety bonds throughout the great state of Ohio.
We THANK YOU for your consideration of our agency and look forward to working with you.
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