Canton Demolition Contractor Bond
AmeriPro Surety Bonds | 844-589-9732
Contractors who specialize in demolition and who wish to operate in Canton, Ohio, must first register with the city and pay any required licensing fees.
They must also obtain a $10,000 demolition contractor bond.
As both a new and renewal bond, this surety bond is available from AmeriPro Surety Bonds.
Canton Demolition Contractor Bond: Its Purpose
The purpose of the Canton Demolition contractor bond is simple enough: The bond is a financial guarantee that a licensed demolition contractor will perform all work according to the city’s Building Code.
The surety bond also serves as a financial guarantee that any work begun will be completed.
The bond hold’s the city of Canton, Ohio, harmless from any defects in workmanship committed by either the contractor or any employees or subcontractors hired by the same.
Since the bond is a surety, it is therefore also not an insurance policy.
In the unlikely event that a claim were paid on your surety bond, it becomes your legal responsibility to reimburse the surety for all costs and fees involved in the settlement of that claim.
Canton Demolition Contractor Bond: Its Premium and Duration
The price for your demolition contractor bond may be as low as 1%, or $100 annually.
An application for the bond can be completed over the phone with one of our agents and takes only a matter of about 4-6 minutes to complete. Information provided on the application will factor in to determining the bond’s final price.
By statute, the demolition contractor bond expires on December 31st of each year. The city does not permit a continuous surety bond.
For the city of Canton, Ohio, the expiration date of December 31st is regardless of what time in the year the bond is purchased.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and contractor surety bonds throughout Ohio.
Our agency also provides license and permit, court, and fiduciary surety bonds.
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