Ohio Sewage Treatment Systems Installer Bond |
AmeriPro Surety Bonds | 844-589-9732
Ohio Sewage Treatment Systems
Ohio businesses which provide residential sewage treatment are regulated by the Ohio Department of Health, Residential Sewage Program .
The Department requires one of two bonds of businesses who engage in sewage treatment, and AmeriPro Surety Bonds offers both of these bonds as a new or renewal surety bond.
Ohio Sewage Treatment Systems Installer Bond: The Amount Required
The amount of surety bond you are required to purchase will depend on the nature of your business activities.
- If you are an installer of only one STS within a year, you are required to purchase a $25,000 surety bond.
- If you are an installer of more than one STS within a year, you are required to purchase a $40,000 surety bond.
Ohio Sewage Treatment Systems Installer Bond: Duration
Regardless of which surety bond you are required to purchase, the surety bond will always have an expiration date of December 31st of that year.
By statute, this bond has an expiration date which is at the end of the calendar year.
Purpose of this Surety Bond
Though in different amounts, both sewage treatment installer surety bonds serve the same purpose.
These bonds are a financial guarantee that you will be in compliance with all rules and regulations governing the sewage treatment profession, particularly 3701-29-03 of the Ohio Administrative Code and 3718.02 of the Ohio Revised Code.
The bonds’ existence protects the people and the state of Ohio from any failure on your part to comply with all legal provisions and which result in some type of harm.
But the bond is not an insurance policy; it is really a surety.
And because it is a surety, should a claim be paid from the surety company on your bond, you are legally obligated to reimburse the surety in full for all costs and fees in the settlement of that claim.
Ohio Sewage Treatment Systems Installer Bond: The Premium
The premium for the STS installer bond will be a very small fraction of the bond’s overall face amount.
The amount that you will be asked to pay will be determined by an application and a standard credit check.
Our agency will work to find you the best surety bond pricing, if this is applicable due to poorer credit.
The premium is a onetime payment for the year of the bond’s issuance.
AmeriPro Surety Bonds is a surety bonds-only agency which can provide contractor-related surety bonds throughout Ohio.
We also provide license and permit, court, and fiduciary bonds in Ohio and all 50 states.
We thank you for your consideration and look forward to working with you.
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