Various license and permit holders are required to file a License and Permit Bond with the City of Maple Heights in order to do business. These bonds are needed to ensure the contractor’s compliance with their license or permit requirements and to protect the City and its people against monetary harm from the violation of such requirements.
With Jet, you can get bonded for as low as $100. Of course, the cost of your bond may vary with different limits and can be based on a soft credit check. The chart below shows rates that an applicant with preferred credit would be approved for.
Bond Term
Cost
$10,000
$100
$25,000
$125
$50,000
$250
Maple Heights, Ohio Contractor Bond Rates
Once you have purchased your bond, Jet will prepare it and send it over to you. Unless otherwise instructed, the bond must be turned in to the City at:
City of Maple Heights 5353 Lee Rd Maple Heights, OH 44137
Typically, bonds are used by the city to protect its citizens from the unlawful actions of a license or permit holder. The Maple Heights Code of Ordinances indicates bonding requirements for various types of licenses or permits that can be held with the City. Some of these include:
Soil-disturbing permits: Section 1225.13 with a limit of $1,500 for a single-family residential lot or $1,500 per acre for subdivision projects
Topsoil removal permits: Section 884.03 with a limit of $5,000
Private investigator/security guards: Section 866.07 with a limit of $10,000
Going-out-of-business sales permit: Section 830.04 with a limit of $5,000
Although this is not an exhaustive list, it shows how different the trades can be. As such, the ordinances may indicate a specific code of conduct per license/permit, but in general, bond claims can be avoided by doing business honorably and making sure to complete your obligations.
If a claim is filed, Jet will make payment on your behalf; don’t forget that your actions caused the claim and you will be held responsible for paying Jet back.