Ohio Surety Bonds

Surety bonds are utilized by various regulators before a company or individual can become licensed or pursue a task. With Jet, you can purchase your bond in minutes. Start saving on your surety need now.

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Ohio Surety Bonds

Bond Categories

Contractors are mandated to obtain bonding with most cities, towns, or villages for various needs. The state and counties may also have their own bond requirements. And, if that is not enough, unions may require a bond too.

Auto dealers, boat registration agents, remanufactured vehicle dealers, commercial drivers, and more need surety bonds to operate in various transportation industries.

Guardians and conservators, administrators and executors, plaintiffs, and defendants are among those who may need a court or probate bond.

Finance-related businesses that need a bond in Ohio include mortgage brokers and loan originators, title agents, pawn shops, and surplus lines agents, among others.

Employee Dishonesty, Business Service, Janitorial Service, and ERISA Bonds provide protection to the business when losses are sustained as a result of an employee's fraudulent acts.

The Ohio Department of Taxation requires bonds for the dealer in motor vehicle fuel bond, the cigarette stamp tax credit bond, and the vendor sales tax bond.

School bonds required in Ohio include the cosmetology and barber school bond, school bus contract bond, autism scholarship program bond, and a career school registration bond.

To receive a coal mining and reclamation permit or an EPA permit in Ohio, principals must first obtain a surety bond.

Some bonds don't fit with other categories and play by their own rules. These include bonds for medical marijuana dispensaries, auctioneers, and boxing and MMA promoters, among others.

Not finding what you need? Try our full list of Ohio Surety Bonds.

State Bond Information

Ohio has hundreds of surety bond requirements for individuals and businesses operating in the state. Regulatory agencies on the city, county, and state levels mandate bonds as a requirement for the safety and well-being of Ohio's public and environment.

Jet is the third-party guarantor in these three-party agreements allowing those required to procure a bond the ease of working directly with the surety bond company. If a principal (regulated individual/business) doesn't comply with the legalities of their contract, license, permit, etc., anyone financially harmed as a result can file a claim on the principal's surety bond.

For instance, a contractor licensed through the City of Cleveland is performing electrical work and leaves the job incomplete. The contractor is also refusing to fix the work, so the customer feels obligated to file a claim on the electrical contractor's bond to be compensated to have the project finished. As the surety provider, Jet would provide the claim payout and then the electrician is liable to pay Jet back. Read more details about claims in our Surety Bond Claims Guide.

With Jet's streamlined application, most bond types can be applied and paid for in under five minutes. Some bonds with larger bond limits (over $100,000) and riskier bond types (probate bonds) require an underwriter to review the application, but our process is still simple and quick. By going direct with Jet, you eliminate agents and brokers (middlemen) and gain access to a convenient monthly payment option as well as low annual and multi-year rates.

Jet is approved to issue surety bonds in Ohio (NAIC #16379).

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