Georgia Performance Bond for Drillers

The Georgia Performance Bond for Drillers is a type of surety bond required by the State of Georgia, Department of Natural Resources in order to be registered as a Bonded Driller in Georgia. The amount of the bond is $15,000 and the cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to get a Georgia Performance Bond for Drillers

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Georgia Performance Bond for Drillers will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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What are the requirements in order to be 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.

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
  • Note: the cost to obtain this bond will only be a small percentage of this bond amount! Apply with Surety1 for a free, no-obligation quote!

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.