What is a City Ordinance Compliance Bond?
A City Ordinance Compliance Bond is a type of surety bond used to show that a business is complying with the various rules and requirements of a city’s ordinances. An insurance company often provides these bonds, ensuring contractor compliance with contractual obligations. In New York City, these are pretty common, while in the Midwest are fairly rare.
These bonds often involve insurance companies as guarantors, providing security for contractual obligations. Failure to secure a compliance bond can lead to significant legal consequences for businesses.
A license bond is another type of surety bond mandated by government agencies before businesses can operate in certain industries, ensuring they adhere to legal and regulatory frameworks.
To get a City Ordinance Bond, just click on the Apply Online image below. Choose your state and then the type of bond you need.
The total bond amount varies across industries and is influenced by factors such as liability and the business owner's credit score, impacting the bonding costs for contractors and business owners.
Types of Bonds Required for Compliance
See our License and Permit Bond page for more. Click here for more on bonds.
Where I have St. Charles Compliance Bond
