Michigan – Bloomfield Township Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Contractors – Bloomfield Township, Michigan
Contractors working in the following profession in Bloomfield Township, Michigan, must be licensed by the township and provide evidence of a current $10,000 surety bond:
- Electrical contractors
- Plumbing contractors
- Sewer contractors
AmeriPro Surety Bonds offers this surety bond for your compliance with township regulations.
Bloomfield Township Contractor Bond: Its Premium and Bond Duration
Regardless of the three professions listed above, the $10,000 Bloomfield township contractor bond will have a premium which is typically about $100 per year.
The final price of the surety bond will depend on a brief surety bond application which can be taken over the phone. A credit check may also be involved as part of the pricing process. Our agency utilizes a “soft inquiry” which means that any credit check will not adversely affect your credit score.
Once issued the bond is active for one calendar year and renews at the end of the year. A contractor bond purchased very late in the calendar year may have a termination date for the following calendar year.
The Purpose of this Surety Bond
Your Bloomfield township contractor bond is not an insurance policy and it does not protect your plumbing, sewer work, or electrician business.
The bond protects the township of Bloomfield and its residents for any failure on your part — or those whom you hire — to perform work according to statutes and regulations of the township.
The bond also protects against acts of fraud, theft, willful negligence, and criminal malfeasance in the course of your professional duties.
As the bond’s principal, you are responsible for any claims paid against your bond. In the present instance, this means that were a claim paid against your surety bond, you would responsible to reimburse the surety, in full, for all costs and fees involved in the settlement of your claim.
Our agency also provides surety bonds nationwide.
Please call AmeriPro Surety Bonds today at:
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