New York – Yorktown Erosion Control Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of Contractors; Surety Bond Purpose
Contractors in the Town of Yorktown, New York, who engage in storm water management, sediment control, and erosion management, may be required by the city of Yorktown to obtain a surety bond.
There is no preset surety amount; the amount required of you will be determined by the Town Attorney.
The purpose of the surety bond requirement is to serve as a financial guarantee for the Town of Yorktown that you will be responsible for all costs and fees involved in the improvement of landscaping should you fail to honor your contractual commitments to the city.
Qualifying and the Premium
Our agency offers the Yorktown erosion control bond in any amount required.
For any amount up to and inclusive of a $50,000 surety bond requirement, you are automatically approved without an underwriter review or a credit check.
The premium amount will be 1% with a minimum of $100 premium annually.
Surety bond amounts greater than $50,000, if applicable, will require a signed application, an underwriter review, and a credit check. Approval is granted based on good credit; the rate is the 1% of the surety bond amount required.
For applications which will be taken over the phone, it consists of providing us with the name of your business and the contact information for your business.
After payment of the premium, our agency issues you the following:
- Your surety bond. The bond will be notarized by our agency as Surety; upon receipt you’ll notarize your bond as Principal;
- A Power of Attorney form;
- A statement of financial viability from our Surety.
You’ll file all completed documents received to the city of Yorktown.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and fiduciary surety bonds in New York and all 50 states.
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Or, you may fill out the form below and a Surety Agent will contact you…