Ohio – Vermilion Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Vermilion Contractor Bond
Contractors who work in city of Vermilion, Ohio, must be licensed and registered with the city and the state’s Income Tax Department.
Contractors specializing in HVAC, electrical, plumbing, and refrigeration and hydronics must also furnish the city a copy of the contracting license.
Contractors of whatever specialty must also provide proof of an original $25,000 Vermilion contractor surety bond.
This surety bond is available from AmeriPro Surety Bonds as both a new and renewal bond.
Qualifying and the Premium
You are automatically approved for the Vermilion $25,000 contractor bond. There is neither a credit check nor underwriter review for this bond. Instead, when you call us, we’ll just ask you the basics: The name, exactly as it should appear on your surety bond; and, of course, your contact information, including your email address and phone number.
We’ll also ask you the specific contracting specialty in which you’ll be engaged in doing in the city.
Once the premium of $125 is paid, our agency issues this bond to you immediately. We mail it to you thereafter along with a Power of Attorney (POA) form. Upon receipt, you’ll sign your bond as Principal, filing it with the POA form to:
City of Vermilion, Ohio
5511 Liberty Avenue
Vermilion, OH 44089
Premium Prepayment Options
At $125 premium, the Vermilion contractor bond is active for one year. Thereafter, your bond renews. At your discretion, your bond may be prepaid up to 3 years, thereby saving you over annual renewals.
The premium prepayment options and savings are as follows:
- If prepaid for 2 years, the premium is $225, a $25 savings;
- If prepaid for 3 years, the premium is $325, a $50 savings.
Vermilion Contractor Bond: The Purpose
The purpose of the Vermilion contractor bond is a financial guarantee for the residents of the city.
The surety bond guarantees that bonded contractors will perform contracting work, of whatever category, according to the Building Code and any relevant Ohio state laws.
The bond holds the residents of Vermilion – and the city – harmless for work performed by a contractor, subcontractor or any employees which is substandard, and which can or does result in some physical harm.
While the insurance requirement protects your contracting operations, the surety bond is solely for the protection of the city and its residents.
Should a claim be filed against your surety bond, judged credible, and paid, it is you legal obligation to reimburse the surety in full for all costs and fees in the settlement of any claim.
AmeriPro Surety Bonds is a surety bonds only agency which provides contractor surety bonds throughout Ohio.
Our agency also provides license and permit, court, and fiduciary surety bonds in Ohio and nationwide.
Please call our agency today at:
Or, you may fill out our form below and an agent will call you: