1 (844) 589-9732

New York Well Plugging and Surface Restoration Bond

The New York well plugging and surface restoration bond is requirement of the NYS Department of Environmental Conservation. The bond is offered, on approval of your good credit, for 1.5% of the amount required. Please call AmeriPro Surety Bonds at 844-589-9732.

New York Well Plugging and Surface Restoration Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing and Financial Security; Purpose

 

 

 

Contractors who perform well plugging and surface restoration in New York state are offered the option to obtain a surety bond as evidence of financial responsibility.

The amount of the surety bond required of you is determined by the number of wells less than 2500 feet in depth, and the number of wells between 2500 and 5000 feet in depth.

The state provides an online surety bond calculator to determine the amount of surety required. You are further given an Option A and Option B for your financial security requirement.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the New York well plugging and surface restoration bond includes completing a short surety bond application, and, because of the nature of your work, undergoing an underwriter review.

As part of the review by our underwriter, a credit check is required. Approval is for this surety bond is based on good credit, and the rate offered will be 1.5% of the amount of surety required.

Your bond is issued for a one year period.

After approval of your bond by our underwriting department, and payment of the premium, this bond is issued to you immediately.

Your surety bond will be notarized by our agency as Surety; and upon receipt, you’ll have your bond notarized as Principal. Also included with your surety bond will be a Power of Attorney form and a financial statement.

You’ll file all completed documents to:

State of New York – Department of Environmental Conservation

Division of Mineral Resources

625 Broadway, 3rd Floor

Albany, NY 12233-6500

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in New York and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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Office: 1 (844) 589-9732

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