Ohio – Broadview Heights Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Broadview Heights Contractors
Contractors who choose to conduct business in Broadview Heights, Ohio, must first obtain licensing with the city.
In addition to licensing, contractors in the city are required to obtain a $25,000 Broadview Heights contractor bond.
The bond is offered by our agency as a new and renewal surety bond.
Broadview Heights Contractor Bond: The Purpose
The purpose of the city’s contractor surety bond is a financial guarantee which ensures your compliance with the city’s Building Code, and any local or state statutes which regulate your profession.
The bond’s guarantee not only ensures compliance with these regulations, but holds Broadview Heights harmless from any acts of negligence or incomplete work committed by licensed contractors.
The bond protects both the city and those residents of the city who make legitimate claims against your bond.
Your bond is not, however, an insurance policy which protects you. The protections afforded are only for the city of Broadview Heights and its residents.
Therefore, in the unlikely event that a claim is made, deemed credible, and paid by the surety, it is your legal obligation to reimburse the surety for all costs and fees involved in the settlement of that claim.
Broadview Heights Contractor Bond: Premium for this Bond and Its Duration
The premium for the Broadview Heights contractor bond is a small fraction of the bond’s $25,000 requirement, likely just north of $100.
By statute, the bond expires annually on December 31st; thus, there is no continuous surety bond allowed by the city.
However, if the bond is purchased very late in the calendar year, the expiration may be allowed for the following year. The premium for the bond will reflect this extended period.
In all cases, however, the bond’s expiration is December 31st.
Applying for this Contractor Bond
Applying for the Broadview Heights contractor bond is easy and will take a few moments of your time.
The best and recommended way to make application is with one of our agents. You may also apply by paper application which can be emailed back to us once completed.
AmeriPro Surety Bonds is a surety bonds-only agency which provides contractor surety bonds throughout Ohio.
We also provide license and permit, court, and fiduciary bonds in Ohio and nationwide.
We thank you for your consideration and look forward to hearing from you!
Please call our agency today at