Who needs a contractor bond in Seven Hills, Ohio?
The following contractors in Seven Hills must post a $10,000 surety bond:
- General contractors (including landscaping, concrete or cement, roofing/siding, and waterproofing contractors)
- Plumbing contractors
- HVAC contractors
- Electrical contractors
- Low voltage contractors
- Fire suppression/sprinkler contractors
- A completed registration application
- A $100 registration fee, paid annually ($50 for the current year, November 1-December 31)
- State of Ohio specialty contractor license (if applicable)
- A copy of liability insurance: $100,000/$300,000 for bodily injury, $50,000 for property damage
Get Your Seven Hills Contractor Bond:
How do contractor license bonds work?
Contractor license bonds ensure that contractors meet all applicable regulations and codes their obligee (City of Seven Hills) sets. The bond is a safeguard for clients. The contractor acts as the principal in the bond contract. The bond guarantees a client compensation if the contractor breaks licensing and permit laws that result in damages. The surety may cover any costs to settle a bond claim upfront, but the contractor is ultimately responsible for paying back the surety over time. To acquire their bond, contractors don’t need to pay the full amount. They will instead pay a premium, a small percentage of the penal sum. ZipBonds often issues these bonds instantly for just $100.
Frequently Asked Questions
When do I need to renew my bond?
Both the contractor bond and registration expire on December 31 each year. These – and your liability insurance – must remain up to date for you to continue working legally in Seven Hills.
Will I need multiple contractor license bonds?
You will likely only need multiple bonds if your work covers various trades. You can verify your bonding requirements with the Seven Hills Building Department or by contacting ZipBonds.
Apply for Your Contractor Bond in Seven Hills, 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.