Ohio Certificate of Registration Bond

An Ohio Certificate of Registration Bond is a type of surety bond required by the Ohio State Board of Career Colleges and Schools (SBCCS) for any institution operating as a career college or school within the state. It acts as a financial guarantee to protect students and the state in case the school fails to meet its obligations.  The amount of the bond is determined by the SBCCS based on factors like the school’s enrollment size, program offerings, and

financial stability. Typically, the bond amount ranges from $25,000 to $100,000. The cost of the surety bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get an Ohio Certificate of Registration Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day. ²
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Ohio Certificate of Registration Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required}

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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Who Needs This Surety Bond?

The following entities must obtain an Ohio Certificate of Registration Bond:

• Career colleges and schools: This includes institutions offering programs in fields like healthcare, business, technology, cosmetology, and more.
• Schools based outside Ohio that solicit students from within the state: Even if the school itself is not physically located in Ohio, if it actively recruits students from the state, it must comply with Ohio’s regulations and obtain the bond.

What is the Purpose of the Bond?

The Ohio Certificate of Registration Bond serves several purposes:

• Protects students: If the school closes abruptly or fails to deliver promised services, the bond can be used to compensate students for tuition paid or other financial losses.
• Protects the state: The bond ensures that the school pays all required taxes and fees to the state.
• Promotes compliance: The financial stake represented by the bond incentivizes schools to adhere to SBCCS regulations and operate ethically.