Oregon Residential Restoration Contractor Bond

Get An Instant Quote on Oregon Residential Restoration Contractor Bonds Now

Oregon Residential Restoration Contractor ($10,000) Bond
Oregon Residential Restoration Contractor ($15,000) Bond

Introduction

An Oregon Residential Restoration Contractor is a licensed professional authorized by the Oregon Construction Contractors Board (CCB) to perform restoration services on residential properties. These services typically involve repairing and restoring homes that have suffered damage due to fire, water, wind, smoke, mold, or other disasters. Restoration contractors often work closely with homeowners, insurance companies, and remediation specialists to return properties to a livable condition.

To legally operate in Oregon, a residential restoration contractor must hold a valid CCB license, maintain appropriate liability insurance, and obtain a surety bond as required under ORS Chapter 701. This guarantees compliance with state construction laws and provides protection to consumers against substandard or unlawful work.

The Oregon Residential Restoration Contractor Bond

The Oregon Residential Restoration Contractor Bond is a surety bond required by the Oregon Construction Contractors Board (CCB) for contractors who perform restoration services in residential properties. These services include repairing damage caused by events such as fire, water, wind, smoke, or mold.

This bond ensures that the contractor operates in compliance with Oregon Revised Statutes (ORS) Chapter 701, which governs construction practices in the state. It also provides financial protection to homeowners if the contractor fails to fulfill their obligations or violates state regulations.

Purpose Of The Bond

The Residential Restoration Contractor Bond serves three main purposes:

1. Consumer Protection: It compensates clients who suffer losses due to negligent, fraudulent, or unlawful actions by the contractor.
2. Legal Compliance: It enforces the contractor’s adherence to Oregon’s laws and licensing requirements.
3. Accountability: It ensures restoration contractors are financially responsible and trustworthy in their professional dealings.

Who Needs This Bond?

Any individual or business licensed with the Oregon CCB as a Residential Restoration Contractor is required to obtain this bond. This applies to contractors offering services such as:

• Water or fire damage restoration

• Mold remediation

• Storm or smoke damage repairs

• Insurance-related home repairs

Bond Amount

The amount of the bond depends on the contractor’s license classification. For example:

• A Residential Specialty Contractor typically requires a $10,000 or $15,000 bond

• A Residential General Contractor, if performing restoration, may require a $20,000 bond

Parties To The Bond

• Principal: The restoration contractor who must obtain the bond

• Obligee: The Oregon Construction Contractors Board (CCB)

• Surety: The surety company issuing the bond and guaranteeing the contractor’s compliance

When Is a Claim Filed?

A claim can be filed against the bond if:

• The contractor fails to complete the restoration work

• The work is performed in a negligent or unlawful manner

• The contractor violates contractual terms or CCB regulations

If the claim is valid, the surety will compensate the claimant (up to the bond amount), and the contractor is responsible for reimbursing the surety.

To Obtain The Bond Through Swiftbonds

If you’re applying for or renewing your license as a Residential Restoration Contractor in Oregon, you are required to obtain a surety bond in compliance with the rules established by the Oregon Construction Contractors Board (CCB). One efficient way to meet this requirement is through Swiftbonds, a reputable national surety bond provider that specializes in contractor bonds.

Step-by-Step Guide to Obtaining the Bond through Swiftbonds

1. Determine Your Bond Amount

Your required bond amount depends on your license classification with the Oregon CCB. Restoration contractors typically fall under:

• Residential General Contractor – $20,000 bond

• Residential Specialty Contractor – $15,000 bond

2. Apply Online with Swiftbonds

Visit www.swiftbonds.com and search for “Oregon Residential Restoration Contractor Bond.” Fill out a short application form including:

• Business or individual applicant details

• CCB license classification

• Basic financial and credit information

Receive a Free Quote

Swiftbonds will review your application and provide a quote based on your credit profile and business details.

• Typical rates range from 1% to 5% of the bond amount annually

• For example, a $15,000 bond may cost as little as $150–$300 per year for well-qualified applicants

4. Purchase and Receive the Bond

After accepting the quote:

• You can securely pay the bond premium online

• Swiftbonds will issue and mail the original surety bond to you

• You’ll submit the signed bond to the Oregon Construction Contractors Board with your license application or renewal

5. Keep Your Bond Active

Bonds must be renewed annually or as required by the bond term. Swiftbonds offers reminders and support to help you stay compliant with Oregon law.

Why Choose Swiftbonds?

• Fast online processing

• Competitive premium rates

• Nationwide expertise in surety bonds

• Dedicated support for Oregon CCB license holders

Conclusion

The Oregon Residential Restoration Contractor Bond is a vital requirement for contractors engaged in restoring residential properties after damage from events such as fire, water, mold, or natural disasters. Mandated by the Oregon Construction Contractors Board (CCB), this surety bond helps ensure that restoration contractors operate lawfully, ethically, and in compliance with ORS Chapter 701.

By securing this bond, contractors not only meet state licensing requirements but also demonstrate financial responsibility and build trust with homeowners, insurers, and regulatory authorities. The bond provides essential protection to consumers, offering recourse in cases of negligence, contract violations, or unprofessional conduct.

Frequently Asked Questions (FAQs)

Is a CCB license required to offer restoration services?

Yes. To legally perform residential restoration work in Oregon, you must be licensed by the CCB and meet all requirements, including obtaining a surety bond and providing proof of insurance.

What license classification applies to restoration work?

Most restoration contractors are licensed as:

• Residential General Contractors (broader scope of work) or

• Residential Specialty Contractors (specific services)

Can a Residential Restoration Contractor work on commercial properties?

No. A Residential Restoration Contractor license issued by the Oregon CCB limits you to working on residential structures. If you plan to work on commercial properties, you must apply for a commercial contractor license.

Do I need special training to become a Residential Restoration Contractor?

Yes. Before applying for a license, you must:

• Complete a 16-hour pre-license training course approved by the CCB

• Pass the Oregon CCB licensing exam

What if my bond is canceled or expires?

If your bond is canceled or not renewed, your license may be suspended or revoked by the CCB. It’s critical to keep your bond active and renew it before expiration.

How long is the bond valid?

Most bonds are valid for one year and must be renewed to maintain your active CCB license.