How much does a contractor license bond cost in Columbus, Ohio?
The City of Columbus requires those wishing to become contractors to post a $25,000 surety bond to receive a license.
SuretyBonds.com issues these bonds instantly for just $125. Simply click Buy Now to purchase your bond online via our secure bond checkout. In just a few minutes you can be on your way to getting bonded as a contractor in Columbus, Ohio.
|Bond Type||Bond Amount||Cost|
|$25,000 Contractor License Bond||$25,000||$125|
Why do I need 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.
What’s the fine print?
Contractor license bonds run continuously and must renewed annually unless they are claimed against or canceled. However, the surety must give the obligee 30 days’ written notice before the cancellation takes effect.
How to become a contractor in Columbus, Ohio
Applicants wishing to become a contractor in Columbus must submit the following prior to receiving a license:
- $25,000 surety bond
- General contractor application
- $350 annual registration fee
Applications can be found on the City of Columbus website.
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