Electrical Contractor ($10,000) Bond - Village of Ashville, OH in Ohio

Brief Summary

Your Ohio electrical license gets you in the door in Ashville, but it does not register you. The Village also wants a $10,000 registration bond on its own form before you pull a permit, and starting work first costs a $100 penalty. The bond is quick to write, and it comes back signed, sealed and with the power of attorney the Village form calls for.

The Village of Ashville requires every registered contractor, electricians included, to file a $10,000 registration bond under Ordinance 1321, with the Village of Ashville as obligee. The bond is filed with the Building Department along with the registration application, a $75 per trade fee, a certificate of liability insurance and, for electrical work, a current license from the Ohio Construction Industry Licensing Board. Registrations expire December 31 of each year.

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How to Apply for a Electrical Contractor ($10,000) Bond:

• Complete the Application for Certificate of Contractor/Subcontractor Registration.
• Obtain the $10,000 Registration Bond on the Village of Ashville form, signed and sealed with the surety's power of attorney attached.
• Attach proof of your current Ohio Construction Industry Licensing Board electrical license.
• Provide a certificate of general liability insurance with a 10 day cancellation notice.
• Complete the Village income tax registration if you have not registered before.
• Pay the $75 registration fee for each trade, payable to the Village of Ashville.
• Submit to the Building Department, P.O. Box 195, 200 East Station Street, Ashville, OH 43103.

Detailed Information About the Ohio Electrical Contractor ($10,000) Bond:

One amount for every trade

Ashville does not scale its bond by trade or job size. The Village's contractor registration packet sets the Registration Bond at $10,000 under Ordinance 1321, and that figure applies to electrical contractors the same as it does to general, plumbing or HVAC contractors.

Your state license does not replace it

Electrical contractors must show a current license issued under Ohio Revised Code Chapter 4740 by the Ohio Construction Industry Licensing Board. The same applies to plumbing, HVAC, refrigeration and hydronics. That license is a prerequisite for registering in Ashville, and the Village still requires the $10,000 bond on top of it.

What the bond guarantees

The Village bond form conditions the bond on the contractor faithfully observing all duties and discharging all obligations incurred during the registration period under the Village ordinances governing construction, alteration, repair, addition to, reconstruction or remodeling of any building or structure. Actions on the bond may be brought within two years after the principal's registration expires, so the protection outlasts the registration year.

Fees, insurance and deadlines

The registration fee is $75 per trade, payable to the Village of Ashville. Starting work before registering carries a $100 penalty. You also need a certificate of general liability insurance with a 10 day cancellation notice showing at least $100,000 and $300,000 for bodily injury and $50,000 for property damage. Every registration expires December 31 and must be renewed each year.

How premium is set

The surety bases the premium on the $10,000 amount and the owner's personal credit. Applicants with solid credit are usually quoted quickly. Confirm the current bond form with the Building Department before the bond is issued, since the Village's posted packet is the 2020 edition.

Eligibility and Requirements for a Ohio Electrical Contractor ($10,000) Bond:

• Bond amount of exactly $10,000 under Ordinance 1321.
• Village of Ashville named as obligee.
• Current state license under ORC Chapter 4740 for electrical, plumbing, HVAC, refrigeration and hydronics trades.
• General liability of at least $100,000/$300,000 bodily injury and $50,000 property damage.
• Annual renewal, with every registration expiring December 31.

Ohio Electrical Contractor ($10,000) Bond FAQs:

Official and Additional Resources for the Ohio Electrical Contractor ($10,000) Bond: