Ohio – Solon Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Contracting in Solon, Ohio
Contractors who conduct contractor work in Solon, Ohio, must first:
- Register with the city
- Pay a minimum registration fee of $75.00, and an additional $10 fee for each contracting specialty, if applicable;
- Show proof of insurance in a pre-established amount;
- Obtain a $25,000 Solon contractor bond before doing any work within the city limits.
AmeriPro Surety Bonds provides contractor surety bond as both a first time and renewal surety bond.
Solon Contractor Bond: The Purpose
The purpose of the Solon contractor bond is a financial guarantee, in favor of the city of Solon, Ohio, and it residents, that contractors performing work in the city will do so according to any city Building Codes, and laws regulating the conduct of contractors in Ohio.
The bond’s existence holds the city harmless for contractors who produce substandard work, or work which causes some physical harm, or is in some manner defective.
The protections offered to the city by means of the bond will also extend to the work by those whom you hire, whether they work for you as an employee or subcontractor.
Solon Contractor Bond: The Premium and Duration
The $25,000 Solon contractor bond may cost you as little as just annually. No applicant should pay more than $250 for this surety bond.
Once issued, by statute, the Solon contractor bond expires on December 31st of the year in which it is issued. The premium may be prorated to coincide with the bond’s expiration date.
Besides the other requirements mentioned above, a currently active surety bond must always remain on file in order to be eligible to perform contracting work within the city.
AmeriPro Surety Bonds provides contractor surety bonds throughout all cities, counties, and villages in Ohio, where local laws so mandate.
We also provide license and permit, court, and fiduciary bonds in Ohio and all 50 states.
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