Augusta-Richmond County Contractor License Bond
Who needs a contractor license bond in Augusta-Richmond County?
According to the Augusta, Georgia, Construction Trade Regulation, the licensing process for contractors includes bonding requirements:
- Commercial contractors: $20,000 bond
- Residential contractors: $15,000 bond
- Specialty contractors: $5,000 bond
The obligee for the specialty contractor license bond is Augusta Richmond County. Other requirements for contractors in the City of Augusta include paying occupation tax and obtaining liability insurance, as outlined in the Construction Trade Regulation.
The bonds listed above may meet the bonding requirement for all general and residential contractors in Georgia to obtain a valid license.
Get Your Augusta-Richmond County Contractor License Bond:
How does a contractor license bond work?
An August-Richmond County contractor license bond guarantees that contractors comply with licensing and permit laws. If they don’t, injured parties may be reimbursed for damages. When obtaining an Augusta-Richmond County contractor license bond, the contractor is the principal in the agreement with the obligee and the surety company.
If someone files a claim against your bond, your surety may initially compensate the damaged party up to the full bond amount. However, you will be held liable for paying the surety back. Claims can usually be avoided by maintaining professionalism and responding to client complaints quickly.
Contractors will pay a premium to obtain their bond. The cost is usually $100, and underwriting is very simple. Georgia contractor license bonds are generally good for a year and must be renewed to maintain compliance on multi-year projects.
Frequently Asked Questions
How do I know if my Augusta-Richmond County bond covers the state bonding requirement in Georgia?
To ensure you meet all statewide and local requirements, you can dial 3-1-1 in Richmond County for information on licensing and bonding. The service covers both local and state guidelines. You can also contact ZipBonds directly with technical questions about the bonding process.
What if someone files a claim on my bond?
You should avoid claims on your bond if possible, as these can be costly in both time and money. Typically, a claim will begin as a client complaint, which should be handled quickly and professionally and can often be resolved before developing into a claim. If someone does file a valid claim against you, your surety may cover the costs upfront, but you must repay them in full over time.
Apply for Your Contractor Bond in Augusta-Richmond County
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.