701.081 Residential contractors; bond; insurance; responsible managing individual
440 words·~2 min read·
/or/ors-chapter-701/construction-contractors-and-contracts/licensing/701-081·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
701.081 Residential contractors; bond; insurance; responsible managing individual.
(1)A residential general contractor shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $25,000;
(b)Obtain general liability insurance under ORS 701.073 in an amount of not less than $500,000; and
(c)Have a responsible managing individual who meets the requirements of ORS 701.091.
(2)A residential specialty contractor shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $20,000;
(b)Obtain general liability insurance under ORS 701.073 in an amount not less than $300,000; and
(c)Have a responsible managing individual who meets the requirements of ORS 701.091.
(3)A residential limited contractor shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $15,000;
(b)Obtain general liability insurance under ORS 701.073 in an amount not less than $100,000; and
(c)Have a responsible managing individual who meets the requirements of ORS 701.091.
(4)A residential developer shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $25,000; and
(b)Obtain general liability insurance under ORS 701.073 in an amount not less than $500,000.
(5)A residential locksmith services contractor shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $15,000;
(b)Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and
(c)Have a responsible managing individual for the business who is certified as a locksmith under ORS 701.485.
(6)A home inspector services contractor shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $15,000;
(b)Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and
(c)Have a responsible managing individual for the business who is certified as a home inspector under ORS 701.445.
(7)A home services contractor shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $15,000; and
(b)Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000.
(8)A home energy performance score contractor shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $15,000;
(b)Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and
(c)Have an owner or employee that is certified by the board as a home energy assessor.
(9)A residential restoration contractor shall:
(a)Obtain a surety bond under ORS 701.068 in the amount of $15,000; and
(b)Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000. [2007 c.836 §3; 2013 c.300 §9; 2013 c.383 §11; 2015 c.498 §6; 2023 c.254 §1]