In addition to passing a two-part state administered exam and payment of the related application fees, Georgia residential and general contractors must furnish the Secretary of State – (Professional Licensing Boards Division) with evidence of having obtained a $25,000 surety bond.
AmeriPro Surety Bonds offers you the Georgia Board of Residential & General Contractors bond for your compliance.
While the $25,000 surety bond might seem like a lot, as an applicant you will pay nowhere that amount.
The amount that you will be required to pay will be determined by information provided in a surety bond application and your credit score.
Typically, an applicant might be asked to pay under 2% annually for this bond amount; however, the amount that you will be asked to pay will be determined largely by your credit score and so may vary greatly or not at all.
AmeriPro Surety Bonds will work to find you the best overall surety bond pricing.
The purpose of this $25,000 contractor bond is a financial guarantee that you will comply with all state rules governing your profession.
More specifically, this refers to Title 43, Chapter 41 of the Residential and General contractors legislation.
The bond protects the people of the state of Georgia from any failure to comply with established contractor rules, which in turn, results in some harm or loss.
The bond is therefore not an insurance policy---liability or otherwise
As owner, or principal of this surety bond, by purchasing the bond, you assume liability for all claims paid against your surety bond. What this means is that you are legally liable to reimburse the surety in full for all costs involved in the settlement of any claim on your bond.
Once issued, your bond term is one year from the date of its issuance. The bond term must remain active as a prerequisite for maintaining an active surety bond license.
AmeriPro Surety Bonds is a surety bonds-only agency.
We provide contractor, license and permit, court, and fiduciary surety bonds throughout Georgia.
Our agency also provides surety bonds nationwide.
Please call us today at:
Alternatively, you may fill out our form below and an agent will contact you.