Ohio – City of Independence Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Contractors in Independence, OH
Contractors who wish to perform contracting work in Independence, Ohio, must register with the city, paying a registration fee, meet insurance liability requirements, show proof of Workers’ Compensation Insurance, and obtain a $25,000 contractor bond.
AmeriPro Surety Bonds offers the contractor bond as either a new or renewal surety bond.
City of Independence Contractor Bond: Its Premium and Term of the Bond
The City of Independence contractor bond is a surety bond which is issued as in “instant issue” bond. What this means is that there is no underwriting or credit check involved in this bond’s purchase.
After completing the application, which we’ll take from you over the phone, and paying the $250 premium, this bond is issued immediately for your filing with the city. The premium may be prorated depending on when during the year your bond is purchased; however, the expiration date will always be December 31st.
Since only an original copy of the bond is acceptable, after its purchase, the bond will be mailed to you the following business day.
A bond purchased very late in the calendar year may expire on the December 31st of the following year, but in all cases, December 31st is the expiration date regardless of when the bond is purchased.
Upon receipt of your bond and Power of Attorney in the mail, you’ll file it to the following address:
City of Independence
6335 Selig Drive
Independence, OH 44131
City of Independence Contractor Bond – The Purpose of this Surety Bond Requirement
The $25,000 City of Independence contractor bond requirement is a financial guarantee that you will comply with all city and statutory regulations as it concerns your contracting business within the city.
The bond’s provisions extend also to those whom you hire as employees and subcontractors for work performed (although subcontractors, too, are required to be bonded; however, check with the city for clarification).
By means of the surety bond, the City of Independence, Ohio, is held harmless for any failure on your part — or those whom you hire — to abide by regulations in your contracting duties; or, the failure to perform work that is up to the city’s Building Code.
Since a surety bond is not an insurance requirement, it’s important to bear in mind that although you are required to purchase this bond, its benefit is solely for the City of Independence, Ohio, and its residents.
If a claim were filed against your surety bond and paid, it is your legal obligation to reimburse the surety in full for all costs and fees involved in the settlement of your claim.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout Ohio.
Our agency provides contractor surety bonds for all counties and cities in Ohio.
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