Ashton Agency has a 100% approval rate and offers the bonds required for Oregon contractors at some of the most competitive rates available. Let us save you money!
Who needs a contractor bond?
In the State of Oregon, contractors are required to obtain a surety bond to be in compliance with Chapter 701 of the Oregon Revised Statutes.
What is the contractor bond?
The contractor bond protects the party requesting the surety bond, the Obligee, against any financial losses as a result of poor financial choices, damages, unethical decisions, or a failure to adhere to state and local laws on the part of you, the Principal. By obtaining your contractor bond, you are telling the Obligee that you can be trusted and that you stand by your business decisions. The bond is filed for the benefit of consumers who may suffer damages as a result of defective construction or other license law violations, and for the benefit of employees who have not been paid wages that are due to them.
Depending on the kind of contracting work you do, your bond amount and insurance requirements will vary:
| License Type | Bond Amount | Liability Insurance Required Per Occurrence |
| Residential General Contractors | $20,000 | $500,000 |
| Residential Specialty Contractors | $15,000 | $300,000 |
| Residential Limited Contractor | $10,000 | $10,000 |
The Oregon contractor bond is also known as: Oregon residential contractor bond; residential general contractor bond, residential specialty contractor bond, residential limited contractor bond, residential developer bond.
What else do I need besides the bond?
The State of Oregon requires that all licensed contractors hold liability insurance and, in some cases, workers' compensation insurance:
Workers compensation may be required depending upon the structure of your business. Consult the Board's application packet to determine what your insurance requirements will be.
I have everything I need. What now?
Contractors will submit the original signed bond form to the Oregon Construction Contractors Board at the following address:
Construction Contractors Board
PO Box 14140
Salem, OR 97309-5052
The Construction Contractors Board may be reached by phone at (503) 378-4621
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Only Ashton Agency can provide you with:
Everyone needs a dealer bond, but by contacting the Ashton Agency, you can be sure you'll be getting the best price available, not to mention our stellar customer service and insider knowledge of the auto industry. We've been helping auto dealers get bonded for more than 45 years. Let us put that experience to work for you today!
Call us now at (800) 452-2663 for a free quote and we will contact you within 24 hours. We can assist you over the phone to ensure you receive your bond quickly and easily!
Don't have time to speak on the phone? Please fill out our easy online application and fax to (503) 253-1353. We can get you started right away!