What are the Columbus, Ohio Contractor License Bonds?
Know the how-to of this bond today!
In pursuance of Chapter 33 and Chapter 41 of the Columbus City Codes, the City of Columbus requires contractors to submit a bond to the Department of Building and Zoning Services.
There are several contractors that needs a surety bond before they are issued a specialty contractor registration in the City of Columbus. These are the following:
General Contractor – contractors that builds new structures, creates structural additions, and performs alterations or repairs to existing multi-family homes or commercial buildings.
Ohio Construction Industry Licensing Board (OCILB) Contractors – are composed of electrical, warm air heating, refrigeration, hydronics, and plumbing contractors.
Home Improvement Contractor – improves or remodels a private home for not more than 3 families.
Journey Person Plumber – is a plumber who has a minimum of 5 years of experience in installing plumbing system and has successfully passed the examination.
Sign Erector Contractor – responsible for the building, maintenance, and removal of any permanent, illuminated exterior signage, lighting, illuminated awning, more than ten feet of non-illuminated exterior sign, and more than 16 feet of temporary exterior sign.
Sewer Water Contractor – responsible for installing sewer lines, water systems, or combined sewer and water lines or systems.
Demolition Contractor – performs the demolition of buildings.
Fire Contractor – installs fire alarm and detection equipment and performs fire protection work.
What are the bond amounts?
|TYPE OF CONTRACTOR|| |
|Home Improvement Contractor||$25,000|
|Journey Person Plumber||$25,000|
|Sign Erector Contractor||$25,000|
|Sewer Water Contractor||$25,000|
Those who have excellent credit scores will be eligible to pay for a very low bond premium or just 1% of the bond amount!
If you want to find out what you need to pay, get your FREE quote here today!
What are the bond conditions?
- The bond should be issued by a surety bond company who is licensed to conduct business in the State of Ohio such as Surety Bond Authority
- The bond should be made payable to the City of Columbus
- The Contractor/Principal will abide by Chapter 33 and Chapter 41 of the Columbus City Codes, the rules and regulations of the Department of Building and Zoning Services, state laws, and other rules that govern contractors in Ohio
- If the Contractor/Principal commits a valid violation or causes a loss or damage to the property that he or she is responsible for, the aggrieved party may be eligible to file a claim on the bond
- The bond should run concurrently with the Contractor’s license
- In case of cancellation, a 30-day notice is required
How can I obtain these bonds?
You can get this bond by following these simple steps:
STEP 1: Apply for the bond
You need to submit a bond application to us. If you’re ready to apply now, you may do so here!
STEP 2: Underwriting
We will ask you a couple of important information needed for the bond. This will include your financial history, business performance history, and your credit score. An underwriter will carefully evaluate all those.
STEP 3: Bond execution
Once the underwriter is done with the prequalification process, we will immediately issue the bond and send it to you!
Ready to start? Call now!