Pipe laying contractors in Dayton, Ohio, must register with the city, pay the registration fee for either one or two years (two years offering a savings over annual the annual renewal), and obtain a $10,000 Dayton pipe laying contractor bond.
AmeriPro Surety Bonds offers this $10,000 surety bond as a new or renewal surety bond for just $100 annually.
In short, the purpose of this surety bond is a financial guarantee which ensures your compliance with the laws governing pipe-laying in the city of Dayton.
More specifically, the bond guarantees your compliance with Section 50.52 RCGO and Section 95.35 RCGO.
This surety bond furthermore holds the city of Dayton harmless from any failure on your part to comply with the rules and statutes governing pipe laying.
And the bond’s protections for the city of Dayton and its residents extend also to any failure or malfeasance on the part of any employees or subcontractor whom you hire in connection with pipe laying work performed.
Whereas this surety bond is solely for the protection of the city of Dayton (and a requirement for pipe-laying in the city) the bond is not an insurance policy.
Accordingly, in the event that a claim were to be paid on your pipe-laying surety bond by the surety, you in turn are legally obligate to reimburse the surety in full for all costs and fees involved in the settlement of your claim.
As mentioned at the beginning of this article, this pipe laying contractor surety bond is just $100 annually.
Additionally, there is no underwriting involved and there is also no credit check.
The Dayton pipe laying contractor bond is an “instant issue” surety bond.
After completing an application – which can be done directly over the phone with our surety agent – and paying the $100 premium, the bond will be sent to you by the following business day.
By statute, the Dayton pipe laying surety bond has a term which runs from January 1st through December 31st.
The bond must be kept continuously active to remain eligible for pipe-laying work in the city.
AmeriPro Surety Bonds provides contractor bonds of all types throughout Ohio.
Our agency also provides license and permit, court, and fiduciary surety bonds in Ohio and nationwide.
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