Village of Oakwood, Ohio Contractor License Bond
Who Requires a Village of Oakwood Contractor Bond?
Contractors who operate in Village of Oakwood are required to obtain a contractor license bond as part of the licensing process. All contractor license/registration bond amounts are set at $10,000.
What is a Village of Oakwood Contractor Bond?
A Village of Oakwood contractor bond provides a guarantee to the Village of Oakwood public that the contractor will fulfill their obligations and will comply with applicable laws and regulations. If a contractor fails to complete a project or violates any laws in the Village of Oakwood Code of Ordinances, a customer can file a claim against the bond to seek compensation for any financial losses. To put it simply, the bond acts as a financial protection for customers and the public.
Additionally, the Ohio Revised Code mandates that contractors obtain a contractor license bond as a condition for obtaining and maintaining a contractor’s license.
To learn more about contract bonds, you can refer to our “What is a bonded contractor” article for more information.
How to Get a Village of Oakwood Contractor Bond?
SuretyNow offers a Village of Oakwood contractor license bond for $90 for a 1 year term. Discounts are available if you are looking to purchase for a longer term. See our pricing table below for multi-year pricing.
The Village of Oakwood contractor license bond can be issued instantly without credit/background checks. After purchase, we will mail a copy of the bond to you and you will need to submit the copy of the bond along with your license application to the Village of Oakwood.
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When Will my Village of Oakwood Bond Expire?
The bond expires depending on how long the individual purchases it for. The bond expiry date is determined by the bond start date plus the bond term.
How to Get a Contractor License in the Village of Oakwood, Ohio
To become a licensed contractor in the Village of Oakwood, the following is required to secure a contractor registration:
- Registration fee of $75
- Provide information such as the name, address, and telephone number of the person, firm, partnership, corporation, association, or other legal entity applying for the license, whether the applicant is a member of a firm, partnership, corporation, association or other legal entity or any combination, and evidence showing that such applicant is duly authorized to act for such firm, partnership, corporation, association or other legal entity, or any combination
- Certification of Liability insurance (minimum of $250,000/$500,000 bodily injury and $100,000 property damage), Village of Oakwood as certificate holder and be named as additionally insured
- Attach a copy of the State of Ohio Contractor’s License associated with your operation
Applications and materials must be given to the Board of Secretary by the deadline date for placement on the meeting agenda. Meetings are scheduled for the first Monday of the month. Contact Deborah Stoffl, Board Secretary (440-232-9980), to obtain proper paperwork and discuss your project. See schedule of meetings
The address of the Village of Oakwood Building department is:
Oakwood Village Building Department
23035 Broadway Ave,
Oakwood, OH 44146