Ohio – Northfield Village Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Contractors working in Northfield Village must be registered and licensed with the city.
You must also furnish the city with evidence of a current surety bond. AmeriPro Surety Bonds provides this bond as both a new and renewal bond.
Northfield Village Contractor Bond: Two Categories of Surety Bonds
There are two categories of surety bonds for Northfield Village.
- Residential contractors must provide the city with evidence of a $10,000 surety bond;
- Commercial contractors must file a $25,000 surety bond with the city.
The Northfield Village contractor bond in either or both amounts is required of both contractors and subcontractors.
Northfiled Village Contractor Bond: The Purpose
The Northfield Village contractor bond is a financial guarantee in favor of the city of Nortfield Village and its residents.
The bond is a guarantee that work performed by licensed contractors will completed according to the laws of the state of Ohio and any relevant local laws of the city.
The bond’s existence holds the city harmless for the failure to complete work according to the Code.
Although a separate insurance policy is also required, the surety bond is not that.
Should a claim ever be filed and paid against your surety bond, it is your legal obligation to reimburse the surety in full for all costs and fees involved in the settlement of your claim.
Northfield Village Contractor Bond: The Premium and Bond Term
AmeriPro Surety Bonds offers several options for the premium for both the $10,000 residential and $25,000 commercial Norfield Village surety bond.
Either bonds may be prepaid up to 3 years, thereby offering a savings over an annual renewal.
The $10,000 residential bond will cost you just $100 annually; the $25,000 commercial bond will cost as little as $125 annually.
Once issued, the bond will expire one year after the date of issuance.
The application process is short and simple, and can be completed with an agent over the phone in a matter of a few minutes.
AmeriPro Surety Bonds is a surety bonds-only agency.
In addition to contractor bonds, we also provide license and permit, court, and fiduciary bonds throughout Ohio and nationwide.
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