Contractors engaging in home improvement work within the Canton, Ohio city limits must first be licensed by the city to do so.
In addition to meeting any other fees and requirements, a $10,000 Canton home improvement contractor bond is also required.
The bond is available from AmeriPro Surety Bonds as a new and renewal bond.
There is also no underwriting for this bond; it is an “instant issue bond” which makes its purchase much easier.
The purpose of the city’s required home improvement contractor bond is a financial guarantee that work performed by you – or any employees or subcontractors whom you hire --- will be completed according to the Canton Building Code.
The surety bond protects the city of Canton, Ohio, and any homeowners from failure to abide by the Code; failure to complete or begin work; or providing work that causes harm or detriment to other persons.
The bond as such is only for the protection of others; it is not an insurance policy which protects your contractor company or employees.
As such, in the unlikely event that a claim were to be filed and paid on your surety bond, you in turn would be required to reimburse the surety in full for all costs and fees involved in the settlement of that claim.
As mentioned above, the bond is an instant issue surety bond. This means after the application has been complete, you pay the premium ($100) and the bond is sent out to you by the next business day.
By statute, the bond has an expiration date of December 31st .
This means that the bond must be renewed each year in order to remain eligible to perform home improvement work in Canton for the following calendar year.
AmeriPro Surety Bonds is a surety bonds-only agency which provides contractor surety bonds in every Ohio city where this is required.
Our agency also provides license and permit, court, and fiduciary bonds throughout Ohio.
We also provide surety bonds nationwide.
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