Georgia
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Georgia surety bonds are legally binding agreements between three parties, consisting of a principal who needs the bond, an obligee who requires the principal to have the bond, and a surety company that sells the bond to the principal.
Georgia surety bonds serve the purpose of providing a guarantee to the obligee that the principal will complete some kind of action and will adhere to specific laws or regulations in the performance of a specified task. It acts as protection for the obligee that a job will be done correctly and in the manner prescribed by that party. Quite often, government organizations are the obligees that require contractors to purchase bonds as a guarantee of following laws and fulfilling other performance terms of the agreement.
There are a number of different kinds of sureties, including contract bonds, commercial bonds, license and permit bonds, and fidelity bonds. Each of these bonds serves a slightly different purpose, but in general, requires certain actions to be fulfilled and regulations to be adhered to.
Common Georgia Surety Bonds
Georgia surety bonds are legally binding agreements between three parties, consisting of a principal who needs the bond, an obligee who requires the principal to have the bond, and a surety company that sells the bond to the principal.
Georgia surety bonds serve the purpose of providing a guarantee to the obligee that the principal will complete some kind of action and will adhere to specific laws or regulations in the performance of a specified task. It acts as protection for the obligee that a job will be done correctly and in the manner prescribed by that party. Quite often, government organizations are the obligees that require contractors to purchase bonds as a guarantee of following laws and fulfilling other performance terms of the agreement.
There are a number of different kinds of sureties, including contract bonds, commercial bonds, license and permit bonds, and fidelity bonds. Each of these bonds serves a slightly different purpose, but in general, requires certain actions to be fulfilled and regulations to be adhered to.
Common Georgia Surety Bonds
Auto Dealer Bond
Contractors Bond
Freight Broker (BMC-84) Bond
Certificate of Title Bond
Mortgage Bond
Private Investigator Bond
How do I purchase a Georgia surety bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in Georgia. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.
Our short online application makes it easy. Click below to start the application process today.
Georgia Surety Bond FAQs
If you're getting licensed or doing regulated work in Georgia, chances are you’ll need a surety bond. For example:
- If you’re a residential or general contractor, the state requires a $25,000 bond.
- If you’re opening a car dealership, you’ll need a $35,000 auto dealer bond.
- If you're working as a freight broker, federal rules require a $75,000 bond.
- Even public adjusters and mortgage professionals have bond requirements.
And keep in mind, some cities and counties in Georgia, like Atlanta or DeKalb County, may have their own separate bonding rules.
The price depends on two things: The required bond amount and your credit score. You're not paying the full bond amount, just a small percentage of it as a premium.
For example, a $25,000 contractor bond costs around $250 to $750 per year. If your credit score is higher, the rate could be as high as 10 to 15%.
Yes, most bonds in Georgia are only valid for one year, so you’ll need to renew them annually. Bond companies usually send you a reminder 30-45 days before your renewal date, so you’ll have time to pay the new premium and keep everything current.
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