Who needs a contractor license bond in Oklahoma City?
The following contractors working in Oklahoma City must be licensed and bonded with the city:
- Boiler contractor: $2,000 bond
- Fence contractor: $1,000 bond
- House moving contractor: $3,000 bond
- Insulation contractor: $5,000 bond
- Sidewalk contractor: $2,000 bond
- Sign contractor: $5,000 bond
- Building contractor (residential only)
- Electrical contractor
- Mechanical contractor
- Plumbing contractor
- A current state license (if applicable)
- The contractor’s information sheet
- A photo ID
- The immigration affidavit
- Payment for a yearly registration fee (varies by contractor type)
Get Your Oklahoma City Contractor Bond:
How does an Oklahoma City contractor bond work?
A contractor license bond assures clients that they’ll receive satisfactory work from contractors. By signing the bond agreement, contractors agree to work by the standards and regulations of the obligee (Oklahoma City). Clients can file a claim if a contractor doesn’t fully meet the stipulations of the signed agreement. The surety will pay out the approved claim upfront, but contractors are responsible for reimbursing them over time. You’ll pay a premium, a small percentage of the bond amount, to obtain your bond. ZipBonds can often get you bonded instantly, with premiums starting as low as $100.
Frequently Asked Questions
How long will my bond cover my work?
The renewal deadline will be listed on your bond form. You must keep your bond and registration updated to remain in good standing with the city.
What if a claim exceeds my bond amount?
The bond amount is the maximum dollar value a client can request for damages from a bonded contractor. However, if damages exceed this amount, clients may seek other means of compensation. As a contractor, it is best to avoid claims by continually operating your business professionally and answering client complaints as quickly as possible.
Apply for your Contractor Bond in Oklahoma City, OK
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.