High Point Erosion Control Bond

In the City of High Point, North Carolina, the Development Ordinance requires land developers to obtain an Erosion Control Bond (also known as a Performance Guarantee Surety Bond) in order to receive their grading permit if their project disturbs greater than one acre of land. Jet Insurance Company provides this bond to High Point as a means of financial guarantee that they will be reimbursed in the event that the City is required to complete the erosion control plan on behalf of a developer who has abandoned their project. 

PURCHASE HIGH POINT EROSION CONTROL BOND

Jet cuts out the middlemen agents and brokers who slow down the process and can cost you more in the form of broker fees and time spent shuffling paperwork to various surety companies

How Is the Cost Determined for the Erosion Control Bond?

The cost of the bond will be based on the total bonding amount, which is calculated as $2,000 per disturbed acre requested in the permit. 

Once the bond limit is determined, the bond cost is a small percentage of that bonding limit. The personal credit and potentially the financial strength of the developer will factor into the eligibility and price of the bond.

Can Jet File the Bond With the City of High Point for Me?

Yes, Jet can! Once you purchase your bond, Jet will ship the original to the City of High Point for you. An electronic copy of the bond along with the receipt will immediately be emailed to you for your records as well.

If you would like the original bond mailed directly to your location should you want to forward along with paperwork, then you can select that option at checkout. Please note the bond must be filed with the city at the following address:

City of High Point
211 Hamilton Street
High Point, NC 27261

Can I Cancel My Erosion Control Bond?

That’s a no for City, dog. The Erosion Control Bond is considered continuous until released after final inspection of erosion control measures, so the bond cannot be cancelled at any time by the developer or by Jet. Once committed to the project, it will take serious measures to cancel the bond prior to the completion of the plan.

How Does a Developer Avoid Bond Claims?

In order to avoid a claim against the surety bond, developers must comply with the Development Ordinance and complete all of the soil erosion and sedimentation control measures outlined in their approved plan with the City of High Point.

Bond Claims may arise when a developer abandons the project, departs from the approved plan in their actual construction, or does not meet soil erosion standards in the Development Ordinance. If in final inspection there are violations found or work left incomplete, the Engineering Services Director may draw from the bond to complete the protective measures on behalf of the developer.

What Happens If I Get a Bond Claim?

If the City of High Point Erosion Control Division finds a violation or the work is abandoned, and the developer does not rectify it, the city may process a claim directly with Jet. To assess the validity of the claim, Jet will investigate the circumstances, and provide a defense against any fraudulent or unlawful claims.

If the claim is deemed valid, Jet must fulfill its duty as a surety company and pay the claim up to the total amount of the bond. It is important to note that the surety acts as a line of credit in this respect, and the developer (the “principal”) is responsible for their actions (or failed actions) and must reimburse Jet for the amount paid.

Why Does High Point Require the Erosion Control Bond?

The Erosion Control Bond exists to provide a performance guarantee to the City of High Point that when developers disturb land, they will install the erosion protection measures detailed in their approved plan. The bond ensures that funding is available for a third party surety company, like Jet, should the city need to finish those protective measures on behalf of the developer, should they default.

What Happens If I Get a Permit Bond Claim?

The County of Durham will notify Jet to make the claim payout. At this time, Jet looks into all of the violation details from the County and may request any additional documentation from the developer. If Jet deems the claim legitimate, we will make payment in the amount of the violation, up to the full bond limit. The developer must then pay Jet back, as the bond acts as an extension of credit, unlike insurance, and the developer is ultimately liable for their actions. Receiving a bond claim will result in future difficulties obtaining surety bonds and permits.

How Does the Application Process Work With Jet?

Jet streamlines the application process, so you can apply for your bond hassle-free by providing some basic information about your business online. Once you provide this information, we will evaluate your application and one of our underwriters will get back to you. Depending on the project we may require financial statements, plan details and proof of funding prior to offering the bond and determining the rate.

The bond purchase can happen online through Jet’s secured online payment page that we send to you via email (or mail/fax if need be). Following purchase, you will receive a copy of the bond and receipt.

PURCHASE HIGH POINT EROSION CONTROL BOND

When Does the Erosion Control Bond Obligation End?

The Erosion Control Bond is continuous until liability is released by the City of High Point when all elements of the erosion control plan are complete following a successful final inspection.

Bonds are available from Jet in one-, two-, and even three-year increments. The bond will need to be renewed if the project extends past the original purchase term.

Are There Other Bonds That a Principal Needs?

A developer in High Point may also be required to secure the Land Improvement Bond. Some contractors on the job, such as landscape, irrigation, and electrical contractors, are required to hold a bond for their license. Check out other North Carolina construction bonds by clicking here.

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: