Georgia Scrap Tire Carrier Bond
AmeriPro Surety Bonds | 844-589-9732
Georgia Scrap Tire Carriers
The Georgia scrap tire carrier bond is required by the state’s Department of Natural Resources.
Licensing for scrap tire carriers is also handled by the Department .
AmeriPro Surety Bonds offers this surety bond as both a new and renewable surety bond.
Georgia Scrap Tire Carrier Bond: Amount Required
The amount of surety bond that a scrap tire carrier will be required to purchase will be determined by the Department as part of the review process of your application.
In any case, the parameters for this surety bond are as follows:
The minimum amount of surety bond required is $10,000;
The maximum amount of surety bond required is $20,000.
Georgia Scrap Tire Carrier Bond: The Purpose
The purpose of this surety bond is to serve as a financial guarantee which ensures your compliance with the Georgia Comprehensive Solid Waste Management Act.
The bond’s existence protects the state – and the people of the state of Georgia — from any acts of fraud, misfeasance or malfeasance of a licensed scrap tire carrier in the performance of duties which may in turn result in some harm.
As such, while the surety bond is required as a condition of licensing, its sole benefit are for others.
And, as principal of the scrap tire carrier bond, you ultimately shoulder the responsibility to the surety for any claims paid against your bond.
Georgia Scrap Tire Carrier Bond: Premium and Bond Duration
Depending on the bond amount required and information provided on an application, this surety bond may have a premium between $200 to $400. We stress, however, that the amount may be more depending on the application; a credit check is also involved.
Once issued the bond is active for one year from the date of issuance. Thereafter, the bond must be renewed.
After purchase of the bond, it is mailed to you by the next business day. Only an original of the bond may be used for filing with the state.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide surety bonds of all types throughout Georgia and nationwide.
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