Homewood, Alabama Contractor Bond

Homewood, Alabama Contractor Bond

In the City of Homewood, Alabama, regulations are put in place for some businesses and individuals, such as contractors. Various contractor trades, including electricians, plumbers and gas fitters, and paving/excavating contractors, need to obtain a $10,000 surety bond prior to doing work in Homewood. Contractor Bonds, provided by Jet Insurance Company, protect the City of Homewood and its people from financial loss caused by a contractor’s actions.

PURCHASE CONTRACTOR BOND

With Jet, the application process is simplified. You can apply for and purchase the bond within minutes! 

What Is the Cost of the Homewood Contractor Bond?

With Jet, the bond is always $100 for one year - no credit check needed. You are able to get your bond online as soon as you fill out the application! Check out the different payment options below.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Prices of a Homewood Contractor Bond

Jet is the only surety company to offer a monthly payment plan for the Homewood Contractor Bond.

Homewood, Alabama Contractor Bond Process With Jet

Applying for the bond is quick; provide us with some basic information, make payment, and you will receive a copy of your bond and receipt within minutes.

Jet can take care of filing the bond to the City of Homewood for you, but if you prefer to file the original bond yourself, you can select that option when providing payment. The bond is to be filed at the following address:

City of Homewood
City Clerk
2850 19th St South
Homewood, AL 35209

The bond must be in place for the duration of the license. If you paid in full up front, Jet will send a notice via email and mail upon renewal. As long as payment is made prior to the bond’s expiration, your bond will remain active. If you are paying monthly, there is no renewal process! The bond will stay active with each payment Jet receives from your preferred account until cancellation is requested.

If you need to cancel, just email us at [email protected]! We must provide the City with a 30-day written notice. During those 30 days, the bond remains active and you are responsible for payment. If you pay monthly, the payments will end after the 30-day period is up. If you paid annually or for multiple years, Jet will calculate any time left on the bond, with the additional 30 days in mind, to see if there is a partial refund available to you.

How Does a Contractor Avoid Bond Claims?

Electricians, plumbers, gasfitters, and paving/excavation contractors should follow contractual obligations and the Homewood, Alabama Code of Ordinances to avoid bond claims. Claims come from a contractor’s failure to uphold their duties, such as abandoning a site prior to a job’s completion. Paving and excavation contractors should follow Section 18-52 and electricians and plumbers/gasfitters should follow Chapter 6 of the Code of Ordinances.

The City, or any affected person, may bring suit against the contractor for violation of the Code. Penalties will often be imposed prior to a bond payout, so it is best to work with the City to resolve any issues before your license is revoked or you get a claim on your bond.

When a claim reaches Jet, we review all details prior to paying the claimant. However, if a claim is valid, we must remit payment in the amount of the claim up to the full bond limit. Because you are liable for your actions, you must pay Jet back to avoid any future complications getting a license and bond.

Homewood, Alabama Contractor 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: