ORS 701.081 Residential contractors; bond; insurance; responsible managing individual

A residential general contractor shall:

Obtain a surety bond under ORS 701.068 in the amount of $25,000;

Obtain general liability insurance under ORS 701.073 in an amount of not less than $500,000; and

Have a responsible managing individual who meets the requirements of ORS 701.091.

A residential specialty contractor shall:

Obtain a surety bond under ORS 701.068 in the amount of $20,000;

Obtain general liability insurance under ORS 701.073 in an amount not less than $300,000; and

Have a responsible managing individual who meets the requirements of ORS 701.091.

A residential limited contractor shall:

Obtain a surety bond under ORS 701.068 in the amount of $15,000;

Obtain general liability insurance under ORS 701.073 in an amount not less than $100,000; and

Have a responsible managing individual who meets the requirements of ORS 701.091.

A residential developer shall:

Obtain a surety bond under ORS 701.068 in the amount of $25,000; and

Obtain general liability insurance under ORS 701.073 in an amount not less than $500,000.

A residential locksmith services contractor shall:

Obtain a surety bond under ORS 701.068 in the amount of $15,000;

Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and

Have a responsible managing individual for the business who is certified as a locksmith under ORS 701.485.

A home inspector services contractor shall:

Obtain a surety bond under ORS 701.068 in the amount of $15,000;

Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and

Have a responsible managing individual for the business who is certified as a home inspector under ORS 701.445.

A home services contractor shall:

Obtain a surety bond under ORS 701.068 in the amount of $15,000; and

Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000.

A home energy performance score contractor shall:

Obtain a surety bond under ORS 701.068 in the amount of $15,000;

Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and

Have an owner or employee that is certified by the board as a home energy assessor.

A residential restoration contractor shall:

Obtain a surety bond under ORS 701.068 in the amount of $15,000; and

Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000.