Ohio Surety Bonds

Many Ohio Surety Bonds can be purchased instantly below. Simply search the table, enter the information and print your bond instantly. You may also contact us anytime at 913-318-4955 if you have questions or need assistance.

Common Ohio Surety Bonds

Ohio ERISA Bonds

Required to protect retirement plans that fall under ERISA.

Ohio Excavator Bonds

Required for excavating contractors in the state of Ohio.

Fuel Tax Bonds

Ensures payment of certain motor fuel taxes to the state of Ohio.

Overweight Bonds

Ohio requires vehicles over a certain weight to purchase surety bonds.

How Ohio Surety Bonds Work

An Ohio Surety Bond is a three-party agreement between a principal, an obligee and a surety bond company. The principal is the party who is responsible for the bond obligation. This is typically an Ohio individual or company who needs a license, permit, or other guarantee running to the state. The party receiving the benefit of the bond is the Obligee. For many Ohio surety bonds, this is the state of Ohio or one of their departments. The Surety is a third-party bond company that is providing a financial guarantee of the principal's obligation on the bond. Should the principal default on their obligation, a party can make a claim against the bond.

Should a claim be made on an Ohio surety bond, the Surety will investigate the claim. If they are required to pay the claim, they may seek reimbursement from the principal under the indemnity agreement. Ohio surety bonds provide a lot of value by allowing a damaged party to collect from a Surety without having to go through what could be a costly procedure of collecting from the principal. As a principal, Ohio surety bond claims should be avoided, if possible.

Frequently Asked Questions

What is an Ohio Surety Bond?

Ohio Surety Bonds are three party agreement between the applicant (principal), surety bond company (surety) and the obligee (often the state of Ohio). Ohio has many surety bond requirements including for many state issued licenses, court filings, probate proceedings, notaries and public construction projects.

How Much Does an Ohio Surety Bond Cost?

The cost of an Ohio surety bond depends on the type of obligation being guaranteed. Most applicants will pay between 1% - 3% for Ohio Surety Bonds.

Most license and permit bonds will cost 1% or less per year. Ohio contract bonds may cost 0.5% - 3%, depending on the qualifications of the applicant.

Where to Get a Surety Bond in Ohio

There are many licensed surety bond companies and bond brokers in Ohio. A broker needs to have an Ohio property and casualty license to sell surety bonds in the state. While many brokers have such licenses, customer should pick those that specialize in surety bonds.

Axcess Surety works with many of the largest bond companies in the country to get Ohio customers the best terms and conditions. We also have one of the largest selections of online Ohio surety bonds so that applicants can purchase Ohio bonds online.

Do I Need a Surety Bond in Ohio?

It depends. Each state has different requirements for what obligationsn require a surety bond. Many construction licenses, public permits, court and probate filings do require surety bonds in Ohio. Give us a call or check your specific regulation.

How to Obtain an Ohio Surety Bond

Many Ohio surety bonds can be purchased online. Axcess Surety has one of the largest selections of online Ohio surety bonds in the country. Many do not even require a credit check.

Many Ohio license and permit bonds, notary bonds and even probate bonds can be purchased online with a simple application and/or credit check. More complex surety bonds such as Ohio Performance Bonds and Payment Bonds may require an application and/or financial information.

What are the Requirements of an Ohio Surety Bond?

There are many different types of surety bonds required in Ohio. You can search the table above and click on the "Learn More" button to learn about specific Ohio surety bond requirements. The state also generally provides bond requirements with various licensing and contract paperwork.

You may also contact the bond experts at Axcess Surety anytime for assistance.

Can You Obtain an Ohio Surety Bond with Bad Credit?

Many of the Ohio Surety Bonds at Axcess Surety do not require a credit check and can be purchased by anyone. For bonds that do need a credit check, we partner with many of the nation's leading surety bond companies. Our surety experts can find a solution most almost any applicant.

Find common Ohio Bond Forms.