Ventura County Road Encroachment Permit Bond
Ventura County requires businesses in the area to file for bonds amounting to $1,000 in order to secure their encroachment permits. These permits will guarantee the quality of the constructions and the public’s compensation should licensed industries damage public areas in the course of the project. The County of Ventura defines an encroachment as any obstruction or implement added in, on, along, over, or even across the county’s road right-of-way.
What is a Road Encroachment Permit?
A road encroachment permit is required when conducting any public work affecting the roads of an area, in this case, the County of Ventura. The permit ensures that the work is compliant with the County’s codes and engineering standards and highlights the regulation of constructions near or along roads. The permit also upholds the ease of traffic in spite of the constructions by arguing in favor of the convenience and safety of the general public while the project is ongoing.
Normally, other works that require an encroachment permit are utility repairs and installations, driveway constructions, drainage enhancements, and even film and photography shoots, and other obstructions covered in the County’s encroachment ordinance.
What is the Ventura County Road Encroachment Permit Bond?
A prerequisite in securing a road encroachment permit in the County of Ventura is the surety bond. The bond guarantees that developers or permittees will adhere to the terms of work, deliver expected outcomes to quality, and follow the County and construction standards. The bond is enforceable for a full year from the date of effectivity.
How does the bond work?
The parties in the bond agreement are the Permittee or Business known as the Principal; the County of Ventura or the Obligee; and the surety bond provider or insurance referred to as the Surety or Bond Company. The bonds for Ventura County Road Encroachment Permit must be covered by a surety provider certified by the County’s Department of Insurance.
The Bond Company will cover damages and other expenses to be reimbursed to the Obligee should the Principal violate any licensing provision or fail to comply by the bond terms and conditions.
Reimbursements available will amount to the total penal sum or $1000. All claims are subject to approval of the Bond Company.
Prior the execution of the bond, the Bond Company and Principal will enter an indemnity agreement to ensure the reimbursement of the surety provider. The reimbursement will cover all premiums, including legal fees should any claims be made.
How much does it cost?
The surety bond amount for the Ventura County Road Encroachment Permit Bond costs $1000. The processing of the bond costs $100 exclusive of the shipping fees.
How can I apply for this bond?
At Surety Bond Authority, we are dedicated to help you get your bond the fast and easy way. Here is a step-by-step guide to help you get started.
To get your encroachment permit ready, you are going to have to secure your bond early. If you are ready to get yours processed today, you can APPLY HERE. Rest assured our expert surety bond agent will guide you from the time of your application until the issuance of your bond.
In the assessment phase, our underwriter will need the following information:
- Nature of your profession or business
- Credit score
- Financial strength
For the speedy processing of your application, ensure you have gathered and provided accurate information upon submission.
Once the assessment is done, we will promptly issue your bond and send it your way. Contact us today and get your bond issued in no time!