Who needs a contractor’s license bond in Parma, Ohio?
The following contractors must register with the city of Parma and post a $25,000 surety bond:
- General
- Electric
- Heating
- Plumbing
- Low voltage
- Fire alarm
- Fire suppression or fire sprinkler
- Complete the registration form
- Pay the registration fee ($90-$125 depending on the time of year at registration)
- Provide a certificate of liability insurance: $300,000 per occurrence, $300,000 general aggregate
- Provide a copy of the tax department document
Get Your Parma Contractor Bond:
How do contractor bonds work?
A Parma contractor license bond ensures that a contractor complies with applicable licensing and permit laws. When obtaining the $10,000 code compliance bond, the contractor acts as the principal, entering into an agreement with the obligee (the City of Parma) and the surety company. If the contractor breaks the bond agreement, someone may file a claim against their bond. The surety may cover the claim costs upfront, but the contractor must repay them. To acquire your bond, you’ll pay a premium, a small percentage of the penal sum. ZipBonds offers premiums starting at $100 – and we can often process contractor license bonds instantly!
Frequently Asked Questions
When do I need to renew my bond?
The Parma bond and registration both expire on December 31 annually. Keep these and your insurance certificate updated to remain in good standing with the city.
Will I need multiple contractor license bonds?
You may need multiple bonds if your work covers multiple trades (electric and heating, for example). If your work is only in a single trade, you will likely only need a single bond. Verify this with the Parma Building Department or contact ZipBonds with further questions.
Apply for Your Contractor’s License Bond in Parma, 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.