Who needs a water works contractor bond in Greater Cincinnati?
Water works contractors in Greater Cincinnati must post a $10,000 surety bond. Other requirements include the following:
- Applying for a contractor license through the DOTE Permit & License Center
- Paying the registration fee of $120 ($85 for renewal)
- Providing a certificate of contractor’s liability insurance: $100,000 single person and $300,000 per occurrence
- Providing a copy of an Ohio Workers Compensation Certificate
Get Your Greater Cincinnati Water Works Contractor Bond:
How does a water works contractor bond work?
A contractor license bond ensures that contractors fulfill all obligations to their clients. By signing the bond, the contractor agrees to follow all the standards and regulations of the obligee (Greater Cincinnati). Clients can file a claim for damages if a contractor’s work doesn’t carefully follow the bond agreement. The surety will initially pay out an approved claim, but a contractor is responsible for paying back the surety in a timely manner. To obtain your bond, you’ll pay a premium – a small percentage of the penal sum. ZipBonds can issue these bonds immediately, with premiums starting at just $100.
Frequently Asked Questions
When do I need to renew my bond?
Often, bonds expire on the same date annually. The renewal date for your bond will be listed on your bond form.
Will I need multiple contractor license bonds?
You will likely need one bond per trade if you work in multiple trades. Read your municipality’s requirements carefully to ensure local compliance.
Apply for Your Contractor Bond in Greater Cincinnati, OH
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.