Massillon Demolition Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Demolition Contractors in Massillon, Ohio
Contractors working in Massillon, Ohio, who specialize in demolition contracting must be registered with the city.
They must also furnish the city with a $10,000 Massillon demolition contractor bond as a prerequisite for eligibility.
This bond is available through AmeriPro Surety Bonds as both a new and renewal surety bond.
Massillon Demolition Contractor Bond: The Purpose
The purpose of the bond is simple enough.
It is essentially a financial guarantee in favor of the city of Massillon that a demolition contractor will perform all work relating to de-construction in accordance with the Building Code of the City of Massillon.
The protection afforded to the city of Massillon afforded by this surety bond extends also to any employees or subcontractors whom you hire in connection with work performed.
Although this surety bond is required as a condition of being awarded projects or even being able to work as a demolition contractor in the city at all, it is not an insurance policy for your demolition business.
It may seem obvious to say it, but it is a surety.
In the event that a claim is made, judged credible and paid against your bond, it is your legal obligation to reimburse the surety in full for all costs and fees involved in the settlement or payment of any claim.
Massillon Demolition Contractor Bond: The Premium and Bond Term
The $10,000 Massillon demolition contractor surety bond is an instant issue bond.
This means that that there is no underwriting nor a credit check involved in its purchase.
The bond’s premium is just $100 annually.
Once issued the bond will expire either on February 28th of the year in which it is issued, or February 28th of the following year.
A current and active surety bond must always remain on file with the city of Massillon to remain eligible for demolition projects within in the city.
AmeriPro Surety Bonds is a surety bonds-only agency which provides contractor bonds throughout all municipalities, cities, and Ohio counties.
We also provide license and permit, court, and fiduciary surety bonds.
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