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What is an Oregon – Labor Contractor Wage Payment Bond?
The State of Oregon, by virtue of ORS 658 and its labor contractor licensing requirements in place to ensure the safety for workers' compensation claims when they are injured on-the job. The bond guarantees that these contractors have enough financial stability so you can rely on them to punctually meet wages or other aligned benefits as promised!
Do you need a Labor Contractor Wage Payment Bond?
If you're looking for Oregon – Labor Contractor Wage Payment Bond, Swiftbonds is the company to call. We offer competitive rates and have been in business for years.
Our goal is to provide excellent service with low rates and fast turnaround times. We also work hard to make sure our customers are satisfied with their experience every time they do business with us.
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Why is the Oregon – Labor Contractor Wage Payment 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 Oregon – Manufactured Structures Dealer Bond ($40,000).
How does an Oregon – Labor Contractor Wage Payment Bond work?
Getting a Oregon – Labor Contractor Wage Payment 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 Oregon – Livestock Auction Market Bond.
How much does a Oregon – Labor Contractor Wage Payment Bond cost?
Oregon – Labor Contractor Wage Payment 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 an Oregon – Labor Contractor Wage Payment 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 Oregon – Liquor Control – Wine Self Distribution Bond.
How to get your Oregon – Labor Contractor Wage Payment Bond?
Would you like to know the first step in getting your Oregon – Labor Contractor Wage Payment 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 Oregon – Landscape Contractor Bond ($20,000).
