Ohio Surety Bonds Explained
Ohio surety bonds may be needed in a variety of situations by both businesses and individuals. Some of the more common cases when you may need to post a bond include getting a professional licensing and participating in the bidding on construction projects. A bond may also be required of you by a court.
The bonding functions as a contractual agreement between three parties. The principal is the one who needs to get bonded. The obligee is the relevant authority that imposes the bonding requirement. The surety is the bond provider.
In the sections below, you can find detailed information about Ohio surety bonds, as well as their costs.
Find Your Ohio Surety Bond
|Market Agencies/Dealers Bond||Auction Firm Bond||Argicultural Department||Apply Now|
|Contractor License (No P&P Language) Bond||City of Reynoldsburg Contractors Registration Bond||The City of Reynoldsburg Building Division||Apply Now|
|Contractor License Performance & Payment (Local) Bond||Contractor License/Registration Bond Form||City of Columbus||Apply Now|
|Contractor License Performance & Payment (Local) Bond||City of Cleveland Contractor's Bond||City of Cleveland Dept of Building||Apply Now|
|Contractor License Performance & Payment (Local) Bond||Contractor's Bond, City of University Heights||City of University Heights Building Department||Apply Now|
|Contractor License Performance & Payment (Local) Bond||Electrical Contractor's Bond||Trumbal County Electrical Department||Apply Now|
|Contractor License Performance & Payment (Local) Bond||Dayton & Montgomery County Plumbing Bond||Dayton & Montgomery County Public Health||Apply Now|
|Contractor License Performance & Payment (Local) Bond||Contractor License Bond (City of North Canton, OH)||City of North Canton||Apply Now|
|Contractor License Performance & Payment (State) Bond||Installer of Manufactured Homes||Dept of Development, Building services Division||Apply Now|
|Contractor License Performance & Payment (State) Bond||Concrete Contractor Bond (Village of Covington, OH||Ohio - Village Of Covington||Apply Now|
|Contractor License Performance & Payment (State) Bond||Sewage Treatment Systems Service Provider Bond||ODH||Apply Now|
|Contractor License Performance & Payment (State) Bond||Contractor License Performance & Payment (State) B||Ohio Department of Health||Apply Now|
|Debt Consolidators Bond||Credit Service Organization Bond||Ohio Dept of Commerce Div of Fin Inst||Apply Now|
|Professional Fund Raisers Bond||Bond for Professional Colicitor and Fund Raising C||Ohio Attorney General - Charitable Law Section||Apply Now|
|Insurance Adjusters Bond||Public Insurance Adjuster||Ohio Superintendent of Insurance||Apply Now|
|Insurance Adjusters Bond||Electronic Individual Public Insurance Adjuster||Department of Insurance, Licensing Division||Apply Now|
|Insurance Agents/Brokers Bond||Insurance Broker||Dept of Insurance||Apply Now|
|Insurance Surplus Lines Brokers Bond||Ohio Specific Surplus Lines Broker Bond||Ohio Department of Insurance||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Mortgage Broker Act||Superintendent of Financial Institutions||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||OHIO MORTGAGE BROKER ACT||Superintendent of Financial Institutions||Apply Now|
|Title Insurance Agents & Escrow Officers Bond||Title Agent Bond||Department of Insurance||Apply Now|
|Defective Title Bond||Motor Vehicle Title Defect||Consumer Protection Section||Apply Now|
|Motor Vehicle (Non-Dealer, Not Listed) Bond||Deputy Registrar||Department of Public Safety - Bureau of Motor Vehi||Apply Now|
|Sport Permits Bond||Athletic Commission||OH Athletic Commission||Apply Now|
|Sport Permits Bond||Boxing, Mixed Martial Arts and Tough Person Promot||Ohio Athletic Commission||Apply Now|
|Sport Permits Bond||Athlete Agent Bond||OH Athletic Commission||Apply Now|
|Nursing Homes Bond||Nursing Homes Bond||Director of the Ohio Department of Human Services||Apply Now|
|Professional Licenses (All Other) Bond||Precious Metals Dealers||State of Ohio Department of Commerce||Apply Now|
|Professional Licenses (All Other) Bond||Brine Transporation System $15K||Ohio Dept of Natural Resources||Apply Now|
|Professional Licenses (All Other) Bond||Commercial Dog Breeder Bond||Dept. of Agriculture Div. of Animal Health||Apply Now|
|Professional Licenses (All Other) Bond||Solid Waste Facility or Scrap Tire Transporter Bon||Ohio Environmental Protection Agency||Apply Now|
|Schools (All) Bond||Board of Cosmetology||Ohio State Board of Cosmetology||Apply Now|
|Schools (All) Bond||Surety Bond of Driving School||State of Ohio Driving School Bond||Apply Now|
|Schools (All) Bond||Department of Public Safety Driving School||OH Dept of Public Safety||Apply Now|
|Schools (All) Bond||Private Driving Training School Bond||Ohio Department of Public Safety||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||Dealer in Motor Vehicle Fuel||Department of Taxation||Apply Now|
|Grain & Commodity (State License & Warehouse) Bond||Agricultural Commodity Handler Bond||Ohio Department of Agriculture||Apply Now|
|Turnpike/Bridge Toll Bond||Turnpike Use Bond (OTIC)||Ohio Turnpike and Infrastructure Commision||Apply Now|
|Utility Deposit Bond||AEP In Lieu of Cash Deposit Bond||American Electric Power||Apply Now|
|Concessionaires Bond||Performance Bond||ODNR Div of Parks and Recreation||Apply Now|
|Wages & Fringe Benefits Bond||Wages & Fringe Benefits||Local Union #32 IBEW Lima OH||Apply Now|
|Wages & Fringe Benefits Bond||Fringe Bond||International Union of Operating Engineers, Local||Apply Now|
|Wages & Fringe Benefits Bond||Secure Payment of Wages and Fringe Benefits Bond||Local Union No. 24 Sheet Metal||Apply Now|
|Wages & Fringe Benefits Bond||Contractor Wage and Fringe Benefit Bond||Northern Ohio PMC, INC.||Apply Now|
|Wages & Fringe Benefits Bond||Wage & Fringe Benefit Bond (Plumbers & Steamfitter||Plumbers & Steamfitters Local 42||Apply Now|
|Lottery Bond||Lottery Sales Retailer||Ohio Lottery Commission||Apply Now|
|Telemarketing/Phone Solicitor Bond||Bond for Professional Solicitor||Charitable Law||Apply Now|
|Telemarketing/Phone Solicitor Bond||Telephone Solicitor||Ohio Attorney General||Apply Now|
Questions about Surety Bonds in Ohio
How much does the bonding cost?
Your surety bond cost depends on the type of bond you need to obtain and the bond amount that is required of you. The amount of a surety bond represents the backing which can be extended to obligees in case of proven claims.
When you apply with a surety, it has to examine your financial standing and records. When determining your bond premium, the most important factors are your personal credit score, as well as personal and business financials. Applicants with solid credit score usually receive a rate between 1%-4% of the total amount of the bond.
Can I get bonded with bad credit?
Applicants who have a low credit score, bankruptcies, or other financial issues may find it hard to get bonded. We have designed our Bad Credit Surety Bonds program to provide a bonding option in such cases. In order to accommodate the higher risk involved, rates under this program are somewhat higher, between 5%-15%.
What are the steps to getting bonded?
You can start your bonding online with ease. If you need license or contractor bonds, you can use this online application form. In case you have to obtain a court bond, you have to use the court bond application form.
Once we receive your query, we will send you a free, no-obligation quote for your Ohio surety bond. If you are satisfied with the price, you can purchase the bond online. Afterwards, we will send you a digital and a hard copy of the bond.
If you would like to learn more about the intricacies of the bonding process, you can consult the in-depth How to Get Bonded page.
If you’re not sure what kind of bond you need, have trouble with your application, or have other queries, you can call us at (877) 514-5146.
Who Needs to Obtain an Ohio Surety Bond
You may need to post a surety bond in Ohio in a variety of situations. You can review the most common ones in this section.
License bonds are usually requested as part of the licensing requirements for professionals. Many Ohio businesses and individuals, such as auto dealers, mortgage brokers, and contractors meet to get bonded as a part of their licensing. License bonds protect the public and the state of Ohio and guarantee that bonded and licensed professionals will adhere to state regulations.
You may need to obtain contract bonds if you wish to participate in a construction project’s bid or will be working on a project that requires such bonding. Ohio contractors working on state and federal projects, as well as on a growing number of private projects, have to post contract bonds. Their function is to guarantee to the project owners that contractors will perform according to their contractual obligations.
Court bonds are usually requested by Ohio courts from individuals who participate in a variety of different legal proceedings. If you appeal a judgment, the court may require you to obtain an appeal bond. In case you have to assume the role of a fiduciary, you may have to get a fiduciary bond.
Most Popular Surety Bonds in Ohio
If you wish to open a car dealership in Ohio, you will need a $25,000 bond.
In order to become a licensed contractor in Ohio, you may have to provide a surety bond to your city or local authorities.
Mortgage brokers in Ohio need to obtain a mortgage broker bond between $50,000 and $150,000.
As in other states, Ohio brewers have to obtain a bond to meet the requirements of the Alcohol and Tobacco Tax and Trade Bureau (TTB).