Contractors who wish to work in Grove City, Ohio, must be registered by the city, pay the registration fee, meet the insurance requirements, and obtain a $15,000 surety bond.
AmeriPro Surety Bonds helps you meet the surety bond requirement either as a new/first time or renewal surety bond.
The $15,000 Grove city contractor bond requirement is not limited to general contractors, but covers an array of contracting specialties.
These contracting professions include:
The purpose of the $15,000 Grove city contractor bond is a financial guarantee which ensures your compliance with the Grove City Codified Ordinances.
The bond holds the city harmless for any failure on your part --- or the part of any subcontractors and employees whom you hire --- for work which causes physical harm, or is substandard in one or more respects.
The bond, however, is separate from an insurance policy. Although purchased by you as the contractor, its benefit is for Grove City and its residents.
Accordingly, in the event that a claim is filed against your surety bond, deemed credible, and paid, it is your legal obligation to reimburse the surety in full for all costs and fees involved in the settlement of that claim.
The $15,000 Grove City contractor bond is an instant issue surety bond.
This means that there is neither underwriting nor a credit check involved in the bond’s purchase.
The bond’s premium is $150 annually, and is issued to you after completion of an application.
Typically, the bond will be mailed to the address that you designate by the next business day. Only the original bond may be filed with Grove City.
Once issued, the bond has an active date that is good for one year from the date of issuance.
A current bond must be kept on file to remain eligible for contracting work within the city.
AmeriPro Surety Bonds is a surety bonds-only agency which provides contractor bonds throughout all cities, counties, and Ohio municipalities where a surety bond is required.
Our agency also provides license and permit, court, and fiduciary bonds in Ohio and nationwide.
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