Dayton HVAC Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Dayton HVAC Contractors
HVAC contractors operating in the city of Dayton, Ohio, must be registered with the city, pay (as of this writing) a $250 registration for one year or a $400 registration fee for 2 years, and obtain a $10,000 Dayton HVAC contractor bond.
Our agency offers this bond as an instant issue surety bond for one low price of just $100.
Premium and Prepayment Options
There is no underwriting for your HVAC contractor bond.
You will merely complete an application – which can be done over the phone and which takes about 5 minutes — answer a few questions, pay the $100 registration fee, and the bond will be sent to you by the next business day.
At $100, the premium will renew on the anniversary of your surety bond’s issuance.
Our agency also gives you the ability to prepay this bond for up to 3 years. Prepayment of the premium allows you to save versus renewing each year; and, it of course lengthens the time between renewals.
The premium prepayment options for this bond are as follows:
- If prepaid for 2 years, the premium is $180, a $20 savings;
- If prepaid for 3 years, the premium is $260, a $40 savings.
The Purpose of the Surety Bond
The purpose of the Dayton HVAC contractor bond is a financial guarantee which ensures your compliance with all laws regulating HVAC contractors in Dayton, particularly Sections 113.01 and Sections 113.99 RCGO of Dayton, Ohio.
The bond’s existence holds the city of Dayton harmless for any failure on the part of an HVAC contractors to perform work according to Code; to begin work that one has been hired to do; and to complete contracted work that one has begun.
The protections afforded the city of Dayton and its residence by means of the bond extend also to any employees or subcontractors whom you hire in relation to your professional duties.
One thing, however, that the Dayton HVAC contractor bond is not is an insurance policy (you are also required to maintain a separate liability policy).
In the event that a claim is filed against your surety bond, judged credible and paid by the surety, you are legally responsible for reimbursing the surety for all costs and fees involved in the settlement of your claim.
Duration of the Bond:
By statute, this surety bond renews annually and is active from January 1st through December 31st.
An currently active surety bond must be on file at all times with the city of Dayton in order to remain eligible to perform HVAC contracting work.
AmeriPro Surety Bonds is a surety bonds-only agency providing license and permit, court, and fiduciary bonds throughout Ohio.
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