Iowa Cedar Rapids Sidewalk Contractors Bond
AmeriPro Surety Bonds | 844-589-9732
Sidewalk Contacting – Cedar Rapids, Iowa
Contractors in Cedar Rapids who wish to perform sidewalk contracting (construction or repairs) must first be licensed and bonded with the city.
With our agency, this $10,000 contractor surety bond will take just a few moments of your time to purchase.
Qualifying and the Premium
The $10,000 Cedar Rapids sidewalk contractor bond is issued to you immediately upon completion of a short surety bond application – which we’ll take from you over the phone – and payment of the $100 premium.
There is no credit check inquiry nor underwriter review for this bond. The application largely consists of how the bond should be titled.
Once issued, you will file the original bond – which you will also sign as Principal – with the city.
Additional Premium Payment Options
At $100, your Cedar Rapids contractor bond is issued for one year. The bond will renew on the anniversary of its issuance and must remain in force as a condition of licensing (as a sidewalk contractor) with the city.
Our agency also offers you the opportunity to prepay this bond for up to 3 years. Prepayment of your premium allows you to lengthen the time between renewals; you also have a savings vis-a-vis renewing your surety bond each year.
The prepayment options and savings for this bond 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 Your Surety Bond
The Cedar Rapids contractor bond protects against harm caused by work that either you personally or any employees whom you hire cause and holds the city harmless for damages. The bond is also a financial guarantee that you will remain in compliance with all rules involved in sidewalk contracting.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit bonds throughout Iowa.
Our agency also provides surety bonds nationwide.
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