Opelika, Alabama Electrical & Plumber Contractor License Bond

Opelika Alabama Electrical and Plumber Contractor License Bond

A $5,000 Electrician or Plumber Contractor License Bond is required in Opelika, Alabama for all electrical and plumbing contractors with a business license. Jet Insurance Company offers the required bond as a guarantee to the City of Opelika and its residents hiring these contractors that compensation will be available should inflicted damages go uncorrected or uncompensated.

VIEW YOUR BOND PRICE

Before the City of Opelika will approve a person for a license, they want to make sure there is a financial guarantee to protect itself and the public from damages caused by an electrician or plumber. Unfortunately, they cannot just take the contractor’s word. As a third party, Jet provides that promise allowing the contractor to obtain their license and start working.

What Is the Lowest Price for the Electrician and Plumber Bond in Opelika

The bond is always $100 annually or $10 monthly with Jet. Click the button above to purchase the bond in a couple of minutes.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Electrician and Contractor Bond Pricing in Opelika

With Jet, you are dealing with the surety company - there are no agents or brokers slowing down the process and instituted unnecessary fees. Don’t be fooled by some baseless “direct” claims, while that company wastes time shopping for “better” results.

The Contractor License Bond Process With Jet

The application and purchase take a couple of minutes online. We need some basic business information and payment. Once done, you will receive a copy of the bond and receipt of payment.

Jet can file the bond directly to the City of Opelika for you. Should you need to file the bond (for example with a license application), just let us know at checkout and we will ship the bond to you for filing. The City is at the following location:

City of Opelika
P.O. Box 390
Opelika, AL 36803

Once the bond is on file with our monthly payment option, and so long as the automatic payments come through from the card you provide, there will be nothing on your end to do for renewal.

For those on annual bond terms, Jet will send you a notice before the bond’s expiration date to renew your bond. We only need payment to keep the bond active. The City of Opelika does require Jet to send notice each year confirming your bond is active. As long as payment is made on time, Jet will notify Opelika as scheduled.

If you need to cancel the bond, just send us an email to [email protected]. We will request cancellation from the City immediately. The City does require the bond stay active for another 30 days, which is quite common for contractor bond requirements across the country. Jet will refund any unused premium due for our annual paying customers. 

How Does an Electrician or Plumber Avoid License Bond Claims?

Real no brainer stuff to avoid complaints against your license here:

Should a homeowner claim the work is faulty, your warranty obligates you to fix the issue (your pride should too). Did an inspector give you a failing grade? Then make the appropriate updates to pass.

Problems that involve bond claims come from a failure to correct issues that arise. We all know that complications will occur and difficult customers exist. Contractors typically rise above and either can point to the terms of their contract (change order time!) or fix their mistakes. Rarely, a compromise cannot be made or heaven forbid an unscrupulous contractor ignores their obligation. Without a resolution, we now enter the land of lawsuits and disciplinary actions which may result in a claim against your bond.

Jet will defend against frivolous claims should you find yourself on the wrong side of a bond claim. You will need to provide any evidence you have available in a timely manner. 

If the claim is valid, Jet will make payment to the damaged party. That is the reason the surety company (Jet) is here to begin with. The surety bond is not like insurance where you would just pay a higher premium after an accident. The electrician’s or plumber's actions and resulting failure to correct them remain their responsibility and thus must pay Jet back for any amount paid out to the damaged party.

Opelika Alabama Electrical and Plumber Contractor License 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: