Iowa – Cedar Rapids Public Street Bond
AmeriPro Surety Bonds | 844-589-9732
Cedar Rapids, Iowa – Right of Way Work
Contractors in Cedar Rapids who wish to perform work that involves grading or opening of a public street, must be approved by the city with a right-of-way work permit.
You must also file a $10,000 surety bond. Meeting the surety bond requirement will be the quickest part of the licensing process as it takes just a matter of minutes.
Qualifying and the Premium
The $10,000 Cedar Rapids public street bond is issued immediately after completion of an application — which we’ll take from you over the phone — and the payment of the $100 premium. The application consists largely of how the bond should read before filing.
There is no credit check inquiry nor underwriter review for this surety bond.
Moreover, once issued, our agency can email you a copy of the bond at your request. The original surety bond, which you will file as Principal, and which will also bear our signature, will be sent to you by the following business day.
Additional Premium Payment Options
At $100, your Cedar Rapids contractor surety bond is active for one year from the date of issuance. Thereafter, it expires and must be renewed.
Our agency also offers you the ability to prepay the bond for up to 3 years, thereby lengthening the time between renewals and saving you money at the same time.
The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
Purpose of the Surety Requirement
The bond holds the city of Cedar Rapids harmless for the failure of a licensed contractor or employees who causes harm or damages due to work performed. This loss encompasses any judgments, costs, and liabilities which Cedar Rapids may incur as a result of substandard or incomplete work.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Iowa.
Our agency also provides surety bonds nationwide.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you…