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What is an General Contractor Bond?
A general contractor surety bond is a contract that guarantees the contractor will complete their work according to what they promised in writing. A performance and payment guarantee may be necessary for certain contracts, though not all of them.
Need a Elyria, OH – General Contractor Bond?
A general contractor bond is required for any person or entity that performs general contractor works on property within the city limits.
To learn more about this requirement you can also contact us at (913) 214-8344 with questions you may have regarding this requirement.
Click here to purchase your General Contractor Bond today!
Why is the Elyria, OH – General Contractor Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Here's a Willoughby, OH-General Construction Owner Occupied-Limited Premises Bond ($25,000).
How does a Elyria, OH – General Contractor Bond work?
Getting a Elyria, OH – General Contractor Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Read a Washington Township, OH-Fiscal Officer Bond.
How much does a Elyria, OH – General Contractor Bond cost?
Elyria, OH – General Contractor Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Elyria, OH – General Contractor Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Get a Smithfield, OH-Fiscal Officer Bond.
How to get your Elyria, OH – General Contractor Bond?
Would you like to know the first step in getting your Elyria, OH – General Contractor Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Find a Campbell, OH-Excavation and Demolition Contractor Bond.