Georgia Augusta-Richmond Contractor Bond |
AmeriPro Surety Bonds | 844-589-9732
Augusta-Richmond County, Georgia – Contractors
Contractors who wish to perform work in Augusta-Richmond County Georgia must determine the category under which their contractor duties fall and then purchase the appropriate surety bond amount for filing with the county.
AmeriPro Surety Bonds offers the Augusta-Richmond County contractor bond in the amount required as both a new and renewal surety bond.
Contractor Categories: Surety Bond Amounts Required
- Specialty contractors are required to purchase a $5000 surety bond;
- Residential contractors are required to purchase a $15,000 surety bond;
- For commercial contractors, a $20,000 surety bond is required.
For all 3 surety bonds the Augusta Richmond County License and Inspection department is the bond’s obligee.
Augusta-Richmond Contractor Bond : The Premium
The category of contractor bond purchased and information provided on your application will factor in to the bond’s price.
As a broad general rule, both the $5000 and $20,000 contractor surety bonds will have an annual premium of $100; and the $15,000 contractor surety bond may have an annual premium of $150.
It is possible that the premium for the residential contractor bond may be higher because it perhaps presents more risk.
That having been said, the amount that you will be required to pay may vary somewhat from broadly general pricing provided here. Again, much of it will be determined by information you provide on your surety bond application.
Augusta-Richmond County Contractor Bond: The Purpose
The bond is a financial pledge that the county of Augusta-Richmond will be compensated for all negligence in contracting work and any defects in workmanship by a bonded contractor.
This extends specifically to HVAC, general contracting, plumbing, and electrical work, as mentioned on the surety bond.
As principal of the surety bond, you shoulder the responsibility to reimburse the surety for any claims which are paid against your bond — were that ever to occur.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide license and permit, court, and fiduciary bonds throughout Georgia, in addition to bonds required of various contracting specialties.
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