To conduct business contracting work in the city of Bexley, Ohio, which includes:
You are first required to obtain a $10,000 Bexley contractor bond.
As a new and renewal surety bond, these are both available from AmeriPro Surety Bonds.
The purpose of your Bexley contractor bond is simple enough.
The bond is a financial guarantee that you will perform work according to the city code and ordinance.
The bond protects the city of Bexley, from any failure on your part – or the part of those whom you hire as employees or subcontractors, to complete the work hired ; to provide substandard work which ultimately causes harm; or failure to even start work for which you are hired.
In the highly unlikely event that you fail to do one or all of these things, the bond’s existence allows the city to file a claim against the bond to recoup any financial losses up to the bond’s amount.
But your Bexley contractor bond is not an insurance policy.
And because it is not an insurance policy, any claims paid from your bond ultimately become your financial responsibility to reimburse the surety in full. This is your responsibility as the obligor, (also known as the principal).
Bexley contractor bonds expire on December 31st of whichever year the bond is purchased, unless the bond is purchased very late in the year. In such cases the bond will expire on December 31st of the following year.
The premium for the bond is minimal, at just $100 a year. There is also no credit check or underwriting required.
The application process for this contractor bond is simple and can be completed in a matter of minutes over the phone with one of our surety agents.
Once issued, the bond will be mailed by the following business day to the address of your choosing.
Only an original copy of the bond may be filed with the City of Bexley.
For those who need expedited service, the bond may be mailed overnight for an additional fee.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout Ohio.
We also provide surety bonds nationwide.
We thank you for your consideration and look forward to working with you to obtaining the surety bond that you require.
Please call our agency today at: