South Carolina Well Driller Bond |
AmeriPro Surety Bonds | 844-589-9732
Well Drillers – South Carolina
The South Carolina Environmental Certification Board is charged with the licensing and registration of well drillers in the state.
Applicants, new and renewal, will select their drilling specialty as”
- Water wells, rock or coastal
- Or, environmental wells of any method.
A condition of licensing is that the appropriate surety bond must be furnished to the Board.
Amount of Surety Bond – Qualifying – Premium
The South Carolina well driller bond is a $25,000 surety bond required as a prerequisite for licensing. While the $25,000 surety bond is the typical, minimum amount, you may be required to purchase as much as a $100,000 surety bond. At that rate, the information below (except premium amounts) remains the same. You may – or may not – be asked to provide additional information; however, your credit score will be the greatest determining factor.
Qualifying is accomplished by the completion of a surety bond application (much of it which can be pre-filled with the assistance of our agent), underwriting review, and a credit inquiry. We will provide the application for your signature.
The estimated annual premium for the well driller surety bond is $750, annually.
Once the surety bond has been approved, paid, and issued, an emailed copy can be sent to you for no additional charge. The original surety bond will follow by the same or the following business day.
Additional Premium Payment Options
If your application is approved, you also have the option to prepay your well driller surety bond for 2 or 3 years.
Prepayment offers you the advantage of less frequent renewals along with a savings over year to year renewal of your surety bond.
The prepayment options for the well driller bond are as follows:
- Prepayment for 2 years at $1350, a $150 savings;
- Prepayment for 3 years at $1950, a $300 savings.
Purpose of Your Surety Bond Requirement
While required of you as a condition of licensing, the South Carolina well driller bond is for the protection of the state of South Carolina and any consumers who suffer harm.
More specifically, this bond protects the effects of harm caused by using defective construction materials in the construction of a well; and, defective workmanship of a Well Driller.
As Principal of this surety bond, you should read the bond wording to understand the extent of your responsibilities as outlined by law.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout South Carolina.
Our agency also provides surety bonds nationwide.
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