Contractors who work in the city of Lancaster, Ohio, must register with the city, pay a $150 registration fee, and furnish a $15,000 surety bond.
AmeriPro Surety Bonds provides the Lancaster contractor bond as a new and renewal surety bond for just $150 annually.
It is not just general contractors who are required to register with the city of Lancaster and meet the bonding requirements. The following specialties must also be insured and bonded:
The purpose of the Lancaster contractor bond is to serve as a financial guarantee that you will be in compliance with all city regulations, particularly Rule 72-04 of the city’s ordinances.
The bond’s protections afforded to the city of Lancaster include any employees and subcontractors whom you hire.
The bond holds the city harmless for any harm or damage committed in the course of your contracting duties, of whatever nature these may be. This includes lack of skill, negligence, malfeasance, and any other acts of commission or omission which may result in harm.
Ultimately, if a surety were to pay a claim on your bond, you would be legally obligated to reimburse the surety in full for all costs and fees involved in the settlement of your claim.
The Lancaster contractor bond is an “instant issue” contractor bond.
What this means is that after the application is complete (it takes about 5-7 minutes to complete with an agent); the premium is paid---just $150 annually, the bond will be sent to you by the next business day.
There is no underwriting nor a credit score involved with this bond’s purchase.
Once issued, the bond must be renewed on an annual basis to remain eligible to continue contracting work in the city.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide contractor bonds throughout all of Ohio.
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