Ohio Contractor License Bonds

February 20, 2021

Ohio Contractor License Bonds

Contractor license bonds protect the public from financial harm resulting from violations of licensing law committed by the contractor and their employees.

The State of Ohio requires contractors to obtain specific surety bonds correlating with their license type. We have compiled comprehensive guides on these bonds to assist insurance agents in obtaining Ohio contractor license bonds for their customers. Below are all of the contractor licensing bonds required by the State of Ohio:

  • Sewage Treatment System Installer 

    • Average Cost: Between $125 – $2,000 per year, based on the installer’s credit score
    • Bond Amount: 
      • $25,000 for contractors who install one sewage treatment system per year
      • $40,000 for contractors who install more than one sewage treatment system per year
    • Who Needs It: All individuals and businesses seeking to obtain a Sewage Treatment System Installer Registration in the State of Ohio
  • Sewage Treatment System Service Provider

    • Average Cost:
      • $25,000 bond limit: $100 per year
      • $15,000 bond limit: $125 per year
    • Bond Amount:
      • $25,000 for service providers
      • $15,000 for contractors with a dual registration as both a service provider and installer
    • Who Needs It: All individuals and businesses seeking to obtain a Sewage Treatment System Service Provider Registration in the State of Ohio
  • Sewage Treatment System Septage Hauler

    • Average Cost: $100 per year
    • Bond Amount: $25,000
    • Who Needs It: All individuals and businesses seeking to obtain a Sewage Treatment System Septage Hauler Registration in the State of Ohio
  • Private Water System Contractor

    • Average Cost: Between $100 to $1,000 per year, based on the contractor’s credit score
    • Bond Amount: 
      • $20,000 for contractors who have been registered for three years or less
      • $10,000 for contractors who have been registered for over three years
    • Who Needs It: All individuals and businesses seeking to obtain a Private Water System Contractor Registration in the State of Ohio

How Can an Insurance Agent Obtain a Surety Bond for Their Customer?

BondExchange makes obtaining a surety bond easy. Simply login to your account and use our keyword search to find the “contractor” bond in our database. Don’t have a login? Enroll now and let us help you satisfy your customers’ needs. Our friendly underwriting staff is available by phone (800) 438-1162, email or chat from 7:30 AM to 7:00 PM EST to assist you.

At BondExchange, our 40 years of experience, leading technology, and access to markets ensures that we have the knowledge and resources to provide your clients with fast and friendly service whether obtaining quotes or issuing bonds.

What Other Insurance Products Can Agents Offer Contractors in Ohio?

Ohio requires contractors to purchase liability insurance. Bonds are our only business at BondExchange, so we do not issue any form of insurance, but our agents often utilize brokers for this specific line of business. A list of brokers in this space can be found here.

2021-02-19T20:33:19+00:00

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