Contractors who wish to perform demolition work in Cleveland, Ohio, must be licensed by the city and to do so and obtain a $25,000 Cleveland demolition contractor surety bond.
Our agency, AmeriPro Surety Bonds, offers the demolition contractor bond for you as both a new and renewal surety bond.
Being licensed as a demolition contractor, as you well know, allows you to raze buildings, demolish them, and remove building structures.
The city of Cleveland demolition contractor bond is a financial guarantee for the city that you will perform such activity in congruence with the Codified Ordinances of the City of Cleveland.
The bond’s financial guarantees not only that work will be completed according to the Code, but work hired for will also be begun and completed; that any employees or subcontractors of yours will also work according to the Code; and that the city of Cleveland shall be held harmless for any resultant damage that a contractor may cause in the course of their duties.
While the bond is a surety, it is not an insurance policy.
Consequently, were a claim paid by the surety against your demolition contractor bond, it is your legal liability to reimburse the surety in full for all costs and fees involved in the settlement of your claim.
For applicants with good credit, the premium for the demolition contractor bond may be around 1% of the bond’s amount.
Once issued, the bond will have an expiration date of December 31st of the same year.
The Cleveland demolition contractor bond which is purchased very late in the year may have an expiration date of December 31st of the following year; however the bond will always need to be renewed annually.
Our agents can take the application from you directly over the phone. The process takes a matter of a few short minutes.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide contractor surety bonds for cities and municipalities throughout Ohio.
Our agency also provides license and permit, court, and fiduciary bonds in Ohio and nationwide.
Please call our agency today at:
OR, you may fill out our form below and one of our agents will contact you: