Ohio – City of Cleveland Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
The city of Cleveland’s Department of Building and Housing requires contractors who work in the city to be bonded with a $25,000 surety bond.
AmeriPro Surety Bonds provides this surety bond. We offer this bond as both a first time bond and for those who are looking to renew their existing surety bond.
Qualifying and the Premium
You are automatically approved for the $25,000 city of Cleveland contractor bond. The bond has a full year term 12/31-12/31 premium of just $250. The bond’s premium may also be prorated depending on the time of year of purchase. There is no credit check for this bond.
When you call us, we’ll just ask you the basics:
- The name, exactly as it should appear on your bond. We’ll also need your address and phone number.
- We’ll ask for any DBA name, if applicable
- After payment of the annual premium of $250, the bond along with a Power of Attorney form, are issued to you immediately.
The bond is then mailed to you. Upon receipt, you’ll sign your bond as Principal and file it to:
City of Cleveland, Department of Building and Housing
601 Lakeside Avenue, Room 505
Cleveland, OH 44114
***Premium Prepayment Options***
With a full term of $250, your Cleveland contractor bond will renew annually. You also have the option to prepay your bond up to 3 years, which offers you a savings over annual renewals.
The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $450, a $50 savings;
- If prepaid for 3 years, the premium is $650, a $100 savings.
City of Cleveland Contractor Bond – The Purpose of the Bond’s Requirement
The city of Cleveland contractor bond is not a type of insurance policy; it is a surety.
The bond is a financial guarantee for the city of Cleveland and its residence that a licensed contractor will perform contracting work according to the city’s building code.
The bond’s existence holds Cleveland harmless from any harm caused by work, failure to begin or complete work, or substandard work committed by a licensed and bonded contractor.
The protections of the bond extend also to any failure of work performed by any employees and subcontractors of a licensed contractor.
For your purposes, if a claim were paid against your Cleveland contractor bond, you are legally obliged to reimburse the surety in full. This reimbursement would include all costs and fees which result from a claim.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide contractor surety bonds throughout Ohio cities and municipalities.
Our agency also provides license and permit, fiduciary, and court bonds in Ohio and nationwide.
We welcome the opportunity to speak with you and thank you for your consideration.
Please call us today at:
Or, you may fill out the form below and a Surety Agent will contact you: