Helena, Alabama Performance and Repair Bond

Helena, Alabama Performance and Repair Bond

Any person planning to perform digging or excavation in or under streets, sidewalks, or within any public right-of-way in the City of Helena, Alabama must obtain a permit and surety bond. Jet provides the Performance and Repair Bond as a guarantee to the City of Helena that compensation is available should the contractor default on their contract and fail to abide by the ordinances and regulations they are bound to.

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The City Office requires this bond as it is responsible for regulating certain licenses and permits to ensure the safety and well-being of Helena’s people and lands.

What Is the Cost of the Helena Performance and Repair Bond?

With Jet, the bond can cost as low as $100 for one year. In fact, if your bond limit is under $25,000, you will be automatically approved for that rate! However, bond limits of $25,000 and over do require a soft credit check review by one of our underwriters. Review the chart below for our lowest rates at different bond amounts.

Bond LimitCost
$10,000$100
$25,000$188
$50,000$375
Helena Performance and Repair Bond Rates

The City Clerk at the Building, Planning & Development Department will determine the bond amount so that it is sufficient to repair or replace any right-of-way to the pre-work conditions. The minimum bond limit is $1,000, but increases depending on the scope of work being performed. 

The Helena, Alabama Performance and Repair Bond Process With Jet

Applying for the Performance and Repair Bond is quick with Jet! The application asks for basic information such as the required bond limit and your social security number (for bond limits over $25,000). If your bond limit is under $25,000, you will be able to pay $100 for the bond at the end of the application! If a credit check needs to be completed, a Jet underwriter will do a quick review of the details and send you an approved rate via email. After payment, a copy of the bond and your receipt are sent to your email.

Jet can file the bond for you! Although if you prefer to file the bond with your permit paperwork, you can choose to have the bond sent to you when making payment. All paper should be sent to the address below:

City of Helena
PO Box 613
Helena, AL 35080

The bond cannot be cancelled, as it is needed for the duration you are performing digging or excavation work. However, if you have questions or there are any necessary changes needed on the bond, you can email us as [email protected]. 

If the bond needs to be effective past the expiration date to line up with an extended permit, let Jet know and we can take payment to ensure the bond stays active with the City. The excavation site is not to be closed until the line, cable, pipe, or other object laid or repaired has been inspected by the City Engineer. Upon completion and a good final inspection, you and the Surety (Jet) will be released of liability under the bond.

How Does a Contractor in the City of Helena, Alabama Avoid Bond Claims?

Ordinance Number 671-05 lists the rules and regulations for contractors performing right-of-way excavating work in the City of Helena, Alabama. As long as the Ordinance is followed, claims can be easily avoided. For example, a typical claim occurs when a contractor fails or refuses to complete a job and then doesn’t comply with the City’s request to make payment to complete the work.

Most often, other penalties are assessed prior to the bond being used to complete a job. Any person in violation of the Ordinance is guilty of a misdemeanor and risks losing their business license and permit. It is in the best interest of the contractor to resolve any issues immediately as to avoid disciplinary action, including a bond claim.

Should a claim occur, Jet will review all details prior to making the claim payment. During this time, Jet may ask for additional information and documentation to support the investigation. However, any valid claims will be paid out to the claimant up to the full limit of the bond. Under the Ordinance,contractors are liable for their actions, and therefore must restore the claim amount by reimbursing Jet. 

Helena, Alabama Performance and Repair Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: