An Oregon flagging contractor surety bond is one of two types of insurance required by the Construction Contractors Board in order to obtain a license. Pursuant to 2017 ORS 701.470, a "construction flagging contractor" means any individual or firm that employs, contracts with or obtains through an employee leasing organzation, one or more individuals to act as construction flagger(s). There are application requirements however certain residential and commercial contractors are exempt from this requirement.
The Oregon flagging contractor bond must be run to the State of Oregon, be issued in the amount of $20,000 and executed by a surety company licensed to do business in Oregon. On its face, the surety bond appears to be a simple compliance obligation however the underlying statute gives it the same treatment as residential and commercial contractor bonds. The board by rule may establish conditions for applicants or persons licensed under this chapter under which the applicant or licensee must file a bond of an amount up to five times as much as the amount required ordinarily of an applicant or licensee.", if the licensee should incur a violation. The following must be submitted to the Board to obtain the license.
Questions about this surety bond or submission of a license application may be directed to (503) 378-4621. email@example.com, fax (503) 373-2007 or mail to 201 High St. SE, Suite 600, Salem, OR 97309-5052.
Oregon surety bond leader, Surety One, Inc. is a specialist in providing for the bonding needs of commercial contracting industry. We offer this class of surety bond to all applicants in every state where general and specialty contractors must be bonded. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat about your Oregon flagging contractor surety bond application or information about any surety need.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.