The Georgia Performance Bond for Drillers is required by the State of Georgia, Department of Natural Resources in order to be registered as a Bonded Driller in Georgia.
The Georgia Code defines “Well Driller” or “Drilling Contractor” for the purpose of licensing as a water well contractor, means any person engaging in the construction of water wells and installing, removing or servicing pumps and pumping equipment. “Well Driller” or “Drilling Contractor” shall not include a person who only installs, removes or services pumps and pumping equipment on or in water wells.
According to Georgia Code 12-5-125, no person in the state of Georgia can drill any kind of well, borehole, or corehole, unless such person is acting under the direction of a professional geologist or a professional engineer. This professional geologist or professional engineer should be bonded with a Georgia Performance Bond for Drillers.
What are the requirements in order to be a Bonded Driller in Georgia?
In order to operate as a Bonded Driller in Georgia, the following application requirements must be submitted:
- A short registration form
- A Georgia Performance Bond for Drillers in the amount of $15,000
More information regarding these requirements and processes can be found on the GA Environmental Protection Division website.
What is the purpose of a Georgia Performance Bond for Drillers?
This bond is required to ensure the registered driller operates in accordance with the Georgia Water Well Standards Act. If one of these licensed contractors performs illegally or unethically, a claim can be made on their Georgia Performance Bond for Drillers. If settled, the surety company (the company that issued the bond) will pay out the claim, however the bond principal (the pump contractor in this case) must repay the surety for any losses incurred from the claim.
Where can I get a Georgia Performance Bond for Drillers?
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your completed surety bond to you via USPS Priority Mail (with overnight shipping options also available).
What happens at renewal?
As you can see on the bond form, this bond has a set expiration date of June 30th of odd numbered years. This means that we will originally issue your bond from the day you apply (or near your application date) until June 30th of the next odd numbered year. Approximately two months before this expiration date, we will send you an invoice to renew your bond for another term (ending on June 30th of the next odd numbered year). Once your renewal payment is processed, we will send you a Renewal Bond or Continuation Certificate which is an official document that you will need to submit to the state to show that you have an active bond in accordance with your license.
Why choose Surety1?
At Surety1, our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.