Ohio – Parma Contractor License Bond |
AmeriPro Surety Bonds | 844-589-9732
Parma Contractor Licensees
Contractors who conduct contracting work in Parma, Ohio, must be licensed and registered, pay a registration fee, and furnish a $25,000 Parma contractor license bond.
This surety bond is offered to you through AmeriPro Surety Bonds as both a new and renewal surety bond.
Parma Contractor License Bond: The Purpose of this Surety Bond
The purpose of the Parma contractor surety bond is to serve as a financial guarantee for the city of Parma – -and its residents – that a licensed and bonded contractor will comply with all contracting rules for the state of Ohio and the city of Parma.
The bond holds the city harmless for the failure to comply with any rules, particularly when such non-compliance results in some physical or structural harm or damage.
The protection offered to the city of Parma by means of this surety bond also extends to work done by any employees or subcontractors who work under your supervision.
While the city also requires contractors to maintain a liability insurance policy, this surety bond is not it.
In the event that a claim were filed by the city and paid on your surety bond, it is your legal liability to reimburse the surety in full for all costs and fees involved in the satisfaction of any claim.
Parma Contractor License Bond: Premium Amount and Duration
The Parma contractor license bond has an annual premium which is as little as $120 a year.
Once issued, the Parma contractor surety bond has an expiration date of December 31st of the year in which the bond is issued.
A Parma surety bond purchased very late in a calendar year may or may not have an expiration date of December 31st of the following year.
An active, current surety bond must always be kept on file in order to remain eligible to lawfully conduct contracting work in the city.
AmeriPro Surety Bonds is a surety bonds-only agency which provides contractor surety bonds throughout all of Ohio.
Our agency also offer license and permit, court and fiduciary bonds in Ohio and nationwide.
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