Contractor license bond cost
The City of Columbus requires those wishing to become contractors to post a $25,000 surety bond. With good credit, the premiums for these bonds could be as low as $125. Columbus has specific regulations that differ from the rest of Ohio, so it is important to make sure you purchase the correct bond.
These bonds are subject to underwriting, which means that a review of the applicant’s credit report will determine exactly how much the bond will cost. Since the required amount and price of this bond fluctuate so much, we suggest calling in to receive a free, personalized bond quote. Give us a call today at 888.610.4474 or submit a bond request
Why this bond
Contractor bonds in Columbus, Ohio are put in place to ensure that principals (contractors) complete construction work in accordance with the laws of the city and state. This includes adhering to all building codes, paying all taxes due and more. Typically, these bonds protect the city and/or any individual who is harmed as a result of the principal’s non-compliance from financial loss up to the full amount of the bond.
The surety will pay for the full cost of the claim up to the total bond amount, but the principal must reimburse the surety for all damages paid out.Our experts know all about this specific bond type and can answer all of your questions. Submit a bond request to get the Nevada contractor bond you need!
Contractor license bond details
Contractor license bonds run continuously and must renewed annually unless they are claimed against or cancelled. However, the surety must give the obligee 30-days written notice before the cancellation takes effect.
Become a contractor
Applicants wishing to become a contractor in Columbus must submit the following:
- $25,000 surety bond
- General contractor application
- $350 annual registration fee
Applications can be found on the City of Columbus website. For more information on general rules, regulations and guidelines refer to the important links section below.
Apply for your surety bond
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