What is the City of North Ridgeville Contractor’s License Bond?
The City of North Ridgeville Contractor’s License Bond is a surety bond required by the City of North Ridgeville Building Department as part of the contractor’s license application. This bond guarantees that the licensed contractors will meet their license requirements and adhere to North Ridgeville coding ordinances.
A licensed contractor that fails to adhere to the regulations of their license or commits a fraudulent/illegal act can cause injury to a consumer. If this happens, the injured party can file a claim against the contractor’s bond. If the surety company determines the claim is valid, the surety will compensate the injured party for their loss up to the bond amount of $25,000.
The principal on the bond (the contractor) is financially responsible for reimbursing the surety for claims paid out, including additional fees and expenses incurred. The principal’s financial obligation to the surety ensures they follow the laws and regulations of their trade.
Who has to get this bond?
In many cities and municipalities in the state of Ohio, contractors are required to have a license to perform different types of construction and home improvement work. North Ridgeville has three primary contractor classifications: General Contractor A, Subcontractor B, and Subcontractor C. Each contractor must apply for a Certificate of Registration with the city. And one requirement of the North Ridgeville Contractor Registration is to obtain the $25,000 City of North Ridgeville Contractor’s License Bond. Without the bond, you cannot become a registered contractor in North Ridgeville.
How much does a City of North Ridgeville CLB Cost?
The City of North Ridgeville CLB has a required bond amount of $25,000, and expires every December 31st of the current year it is issued. That bond amount, however, is not the amount you must pay for your bond.
Fortunately, at EZ Surety Bonds, you can purchase this bond online instantly for a premium of only $125 for a one-year term, with no credit check required.
The entity that requires you to have a bond is called the obligee. In this case, the obligee for the North Ridgeville CLB is the City of North Ridgeville Building Department. Their contact information is as follows:
City of North Ridgeville
7307 Avon Belden Rd
North Ridgeville, OH 44039
Phone: (440) 353-0822
Fax: (440) 353-0823
How to get a City of North Ridgeville Contractor’s License Bond?
At EZ Surety Bonds, you can purchase your North Ridgeville Contractor License Bond instantly online. All you need to do is fill out the short application on our site and pay for your bond. Make sure to file your bond with the obligee after receiving it.
You can rely on our surety experts to answer any questions you may have along the way. Please contact us at email@example.com or 1-866-546-4605 for help.
Frequently asked questions
To become a licensed contractor in North Ridgeville, Ohio:
1. Fill out the City of North Ridgeville Contractor Registration form.
2. Assemble the following requirements:
◦ Completed registration form
◦ $25,000 contractor license bond
◦ Certificate of insurance for the current year
◦ Self-addressed stamped envelope (so the city can send the registration to you)
◦ Fee (initial fee of $250 for general contractors and $100 for subcontractors, as of 2022)
3. Submit your application (with all required documents) to the city. Please note that the same person must sign all forms.
Following receipt of the completed application, the Certificate of Registration takes two days to process.
The City of North Ridgeville has a bond requirement of $25,000 for General Contractors A, Subcontractors B, and Subcontractors C. Fortunately, you can purchase your North Ridgeville CLB instantly online for a premium for as low as $125. No credit check is required. Purchase your bond today by completing the short application form on our website.
We will mail you the original bond after your purchase. Once you receive the original bond in the mail, you can file it with the obligee. Filing requirements vary by state and city, so you should always verify your obligee’s filing requirements before signing, shipping, or doing anything with your bond.