The city of Bowling Green, Ohio, contractor bond referred to here are those which deal with:
The city of Bowling Green requires contractors to maintain a $5,000 surety bond.
As both a new and renewal bond (the bond will renew every year) this bond is available from AmeriPro Surety Bonds.
The purpose of the $5000 Bowling Green asphalt/excavation bond is a financial guarantee which ensures that you are in compliance with the all the rules of asphalt and concrete excavation, particularly Chapter 98 of the Code of Ordinances in Bowling Green.
The bond protects the city of Bowling Green from failure to follow these rules and ensures that the city will be held harmless up to the bond’s $5000 amount for damages done.
Because the bond is not an insurance policy, you as the licensed excavator are ultimately responsible for claims paid on your bond.
This means that in the unlikely even that a surety should pay a claim to the city of Bowling Green, you, as the bond’s principal, must reimburse the surety in full for all costs involved in the settlement of that claim.
The premium for this surety bond is just $100 a year.
An important thing to note about this bond, however, is that this surety bond will expire on December 31st of each year in which the bond is active, regardless of which point and time in the year that that may be.
Qualifying for the asphalt/excavation bond is easy and involves a simple application which takes a few minutes to complete (roughly between 8 to 10 minutes).
We will accept your application over the phone (this helps to ensure completeness) and once issued, the bond is mailed out the next business day.
AmeriPro Surety Bonds is a surety bonds-only agency which in addition to contractor-related bonds, provides license and permit, court, and fiduciary bonds throughout the great state of Ohio.
We also provide surety bonds nationwide.
We thank you for your consideration and look forward to working with you.
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