Ohio – Willoughby Hills Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Contracting in Willoughby Hills, Ohio
Contractors who want to perform contracting work in Willoughby Hills, Ohio, must:
- Register with the city and pay a $100 registration fee, or provide proof of registration with Lake County;
- Have the application notarized;
- Obtain a $20,000 Willoughby Hills contractor surety bond.
AmeriPro Surety Bonds offers the contractor bond for filing with the city as a new or renewal surety bond.
Willoughby Hills Contractor Bond: Its Purpose
The purpose of the Willoughby Hills contractor surety bond is a financial guarantee, for the city and its residents, that licensed contractors will conduct work in compliance with any city Building Codes and/or Ohio state laws.
The bond essentially holds the city harmless for the failure of a contractor —including any employees or subcontractors — to perform contractor work according to Code and which in turn presents a potential or real physical harm for others.
As principal of the surety bond, you are the bond’s owner. In the case that a claim were paid against your bond, it becomes your legal liability to reimburse the surety in full for all costs and fees to settle any bond claim.
Willoughby Hills Contractor Bond: The Premium and Bond Term
The premium for the Willoughby Hills contractor bond is as little as $100 annually.
The bond’s premium will be determined by an application which can be easily and quickly processed with an agent from AmeriPro Surety Bonds.
Once issued, by local statute, the bond will expire on December 31st of the year in which it is issued.
A contractor bond issued very late in a calendar year may have an expiration date of December 31st of the following year.
Only the original surety bond can be filed with the city. The bond is mailed no later than one business day after payment of the premium.
AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bonds-only agency which provides contractor surety bonds throughout Ohio.
Our agency also provides license and permit, court, and fiduciary bonds in Ohio and all 50 states.
Please call AmeriPro Surety Bonds today at:
Or, you may fill out our form below and an surety representative will contact you…