The Ohio sewage treatment systems hauler or provider bond are two separate surety bonds:
One is required of STS haulers; the other is required of STS providers.
By regulation, both bonds will have an expiration date of December 31st of whatever year the bond is purchased.
Both bonds are $25,000 surety bonds as of this writing.
And both surety bonds are available from AmeriPro Surety Bonds.
As a licensed businessperson dealing with sewage, the state of Ohio – specifically the Ohio Department of Health requires the license as a financial guarantee which holds harmless any wrongful acts that STS business may commit in the course of their professional duties.
The bond as such, is therefore not an insurance policy; it is a surety.
By purchasing the bond you are offering the state --- and the people of Ohio --- a guarantee that you will assume responsibility for any harm caused by your STS business up to the bond’s face amount.
But should a claim be paid on you STS surety bond, it is your legal responsibility to reimburse the surety in full for all costs and fees involved in the settlement of that claim.
The premium required for your surety bond will be a very small percentage of the bond’s face amount.
Applicants with good credit may pay less than 1% for this bond; however, a credit check may be required before the bond’s issuance and the required amounts may vary.
However, we mention again, that whenever the STS bond is purchased, no matter at what time of the year, the expiration remains December 31st of the same year.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court and fiduciary bonds throughout Ohio.
We also provide surety bonds nationwide.
We thank you for your consideration and look forward to hearing from you: