If you are seeking a business license in Columbus, Ohio, it is very possible that you need to file a surety bond to receive said license or permit. Most commonly a $25,000 Columbus Contractor License Bond is required as a licensing requirement. Itinerant vendors, truck waste dischargers, and professional fundraisers may also need a surety bond filed with the City of Columbus.
Jet offers the $25,000 Contractor Bond for $125 for one year, guaranteed. Multi-year term bonds can be purchased at a discount. To start the savings, click the button above and purchase your bond in a couple of minutes.
Bond Term | Cost |
---|---|
1 Year | $125 |
2 Years | $219 |
3 Years | $313 |
For the $1,000 Itinerant Vendor or $5,000 Fundraiser or Truck Waste Discharge Permit bond the price for the bond is just $100. Purchase can be made by click the button above and selecting your license type.
Bond Term | Cost |
---|---|
1 Year | $100 |
2 Years | $175 |
3 Years | $250 |
Original bonds must be submitted after you have signed them. After purchase, Jet will mail your bond to you; once signed, you must submit it along with any other license paperwork you may need to file with the City of Columbus. Unless otherwise instructed, most bonds need to be submitted to:
City of Columbus
111 North Front St
Columbus, OH 43215
The Professional Fundraiser Bond and Itinerant Vendor Bond should be sent to the following address:
Department of Public Safety, License Section
4252 Groves Rd
Columbus, OH 43232
In general, bonds are issued to prevent the public or regulatory agencies from being injured by actions committed by the license or permit holder. Any person that suffers monetary loss or damages can file a claim against the licensee/permittee to be refunded should the license holder refuse to make restitution.
$25,000 Contractor License Bonds
Contractors are an especially over-regulated group. In Ohio, most cities (Columbus included) use a surety bond as a protection from negligent or fraudulent acts committed by contractors. A third party surety (Jet) guarantees a payout to damage parties when contractors do not uphold their warranties or fail to complete work. The following classifications of contractors are required to file the $25,000 Contractor Bond with Columbus:
Contractors must follow the provisions of Title 33 and Title 41 of the Columbus City Codes as it applies to them. This means completing projects to avoid leaving unsafe sites behind or defrauding customers.
$5,000 Professional Fundraiser Bond
Professional fundraisers must comply with the Columbus City Code Chapter 525 and keep accurate copies of contracts for three years. This bond allows the City to investigate fundraising records and prevent fundraisers from engaging in theft or fraud. This bond will always expire on March 31st.
$1,000 Itinerant Vendor Bond
Itinerant vendors, temporary merchants, or traveling salesmen need to get a license and Itinerant Merchant Bond to work within the Columbus city limit. The bond provides a way for people to get their money back if the vendor defrauds them; for example, falsely advertising a product and skipping town instead of giving out refunds or other violations of Chapter 517 of the Columbus City Codes.
$5,000 Trucked Waste Discharge Permit Bond
This bond is a permit requirement for trucked waste dischargers who must follow Chapter 1145 and Chapter 1147 of the Columbus City Code. The bond makes sure that all fees and charges are paid for the use of the sewer system or damages made to the sewer system.