Ohio – Macedonia Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Contractors in Macedonia, Ohio
Contractors who perform work in Macedonia, Ohio, must register with the city and obtain a surety bond in one of two amounts.
- Contractors must obtain a $25,000 surety bond;
- Subcontractors must obtain a $10,000 surety bond.
AmeriPro Surety Bonds offers contractor bonds in both categories, as either a new or renewal surety bond.
Purpose of the Macedonia Contractor Bond
The purpose of both the contractor and subcontractor surety bond is a financial guarantee, in favor of Macedonia, Ohio, which ensures your compliance with all rules and regulations which govern your contracting specialty.
The bond’s financial guaranty protects the city of Macedonia from the failure to complete or begin work, or the produce work which is substandard or not in congruence with the city’s Building Code.
Additionally, the bond’s guarantee extends also to work performed by any employees of a bonded contractor or subcontractor in connection with work performed in the city.
With a surety bond, if a claim is filed, deemed credible, and paid, it is your legal responsibility as the bond’s owner to reimburse the surety in full for all costs and fees involved in the settlement of the claim.
Macedonia Contractor Bond: Covered Contracting Specialties
Besides general contracting, those contractors and subcontractors who will require a Macedonia contractor bond include:
- Floor coverings;
- Garage doors;
- Gutter installation;
- Lot clearing;
- Plumbing and painting;
- Snow removal;
Macedonia Contractor Bond: Premium and Term
Typically the premium for both the contractor and subcontractor bond will be around 1% of the bond’s face amount.
Once issued, the bond will renew on an annual basis.
A surety bond of either category must be remain current at all time to lawfully perform contracting work in Macedonia.
AmeriPro Surety Bonds is a surety bonds-only agency which provides contractor bonds throughout Ohio.
Our agency also provides license and permit, court, and fiduciary bonds in Ohio and nationwide.
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