Georgia Surety Bonds

Georgia Surety Bond Requirements

Surety bonds are required for many businesses and professionals in the state of Georgia. They are a legally binding agreement involving three parties: the surety bond company, the principal (the party required to get bonded), and the obligee (requiring the bond).

Surety bonds in Georgia serve as a financial guarantee that the principal will adhere to state laws, safeguard consumers, or fulfill any contractual commitments.

Surety bonds in Georgia can be categorized into several general types:

• License and Permit Bonds: Required by different state authorities in Georgia for variaous professionals to obtain their license or permit, such as contractors, auto dealers, and money transmitters.
• Contract Bonds: Required for specific construction projects ensuring contractual obligations are met, such as project completion and payment to subcontractors.
• Court Bonds: Required in legal proceedings, including appeal bonds and guardianship bonds, to protect the interests of parties involved in a court case.
• Fidelity Bonds: Not required by the state of Georgia but often employers acquire these bonds to safeguard their businesses against potential misconduct by their employees.

Some municipalities in the state of Georgia, such as Atlanta, Augusta, and Savannah, may impose additional local bonding requirements.

Most Popular Bonds in Georgia

Below are some of the most commonly required surety bonds in Georgia:

• Auto Dealer Bonds: A $35,000 used car dealer bond is required by the Georgia Secretary of State for obtaining or renewing a dealer license.
• Contractor License Bonds: General and residential contractors in Georgia are required to post a $25,000 surety bond to obtain their contractor license.
• Freight Broker Bond (BMC-84): A federal mandate from the FMCSA requires all freight brokers to secure a surety bond of $75,000. It ensures payment to carriers and compliance with federal and state regulations.
• Appraisal Management Company Bonds: Required for companies managing networks of real estate appraisers to ensure compliance with appraisal standards.
• Certificate of Title Bonds: Issued to replace a lost or defective vehicle title. It is required by the Georgia Department of Revenue’s Motor Vehicle Division and ensures the issuance of a new title without harm to prior owners or lienholders.
• Money Transmitter Bonds: Necessary for businesses engaged in money transfer services to ensure compliance with Georgia's financial regulations.
• Mortgage Broker Bonds: Required for mortgage brokers operating in Georgia to obtain or renew their licenses. These bonds protect clients from fraud, misrepresentation, or other unethical practices.
• Private Detective and Security Agency Bonds: Necessary for agencies providing private investigation or security services to ensure adherence to legal and ethical standards.
• Public Adjuster Bonds: Required for public adjusters to secure a license through the Georgia Office of Insurance and Safety Fire Commissioner.
• Business Services Bonds: Obtained by businesses providing services on clients' premises, such as janitorial services. The bond protects against potential theft or misconduct by employees.
• Lottery Retailer Bonds: Required for retailers selling lottery tickets to guarantee the proper handling of funds and compliance with lottery regulations.

Bryant Surety Bonds offers all types of surety bonds in the state of Georgia. You can search for your bond in the table below or simply call our experts at 866.450.3412.

How Much Does a Surety Bond Cost in Georgia?

The cost of a surety bond in Georgia generally falls between 1% and 10% of the total bond amount. For example, a $25,000 contractor license bond may cost as little as $250 annually. The final surety bond cost is influenced by the following key factors:

• Bond Amount: High bond amounts result in high surety bond rates.
• Credit Score: Applicants with strong credit typically pay lower premiums, ranging from 1% to 3%.
• Bond Type: Certain bonds, such as Freight Broker Bonds, may have higher premiums due to greater risk.
• Business Financials and Industry Experience: Solid financial health, significant assets, and extensive experience can help reduce costs.

Can I Get Bonded With Bad Credit in Georgia?

Yes, even with bad credit, you can obtain a surety bond in Georgia. Through Bryant Surety Bonds' bad credit bond program, applicants with financial challenges can access bonds at rates ranging from 3% - 10% of the bond amount.

You can get a ballpark estimate by using the calculator below. If you need a firm quote, you can complete our online bond application form.

+ -

+ =

Surety Bond Cost Calculator

Bond Type Select Your Required Bond Auto Dealer BondCollection Agency BondContractor License BondDebt Collector BondFreight Broker BondMedicare/Medicaid BondMortgage Broker BondRetail & Professional Services BondSchool BondSmall Loan Company BondSports Permit BondTax & Utility BondTelemarketing BondTravel Agent BondAll Other License Bonds

State Requiring the Bond Select Your StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington D.C.West VirginiaWisconsinWyoming

Surety Bond Amount ($)

Select Your Credit Score Please select Above 700 650 - 699 600 - 649 550 - 599 549 and under

Calculate

* This form is for a rough estimate only.

Send the estimate to my email

Tell us where to send you your FREE estimate

Years in Business Please Select New 1 year 2 years 3 years 4 years 5+ years 10+ years

SEND ME MY ESTIMATE!

We'll never share your information with third parties

Thank you for your request!

The ballpark estimate on your premium is: $100 - $167

We've sent a copy of your estimate on your email as well.

Want an exact quote? Simply fill out our online application It's fast and 100% free!

Get a free exact quote Get another estimate

Get Your Georgia Surety Bond in 4 Simple Steps

1. Apply Online by completeing our online form with your information.
2. Get your FREE quote in minutes.
3. Make a secure payment for your premium online.
4. Receive your bond online instantly or have it mailed within 24 hours.

Agency License

Bryant Surety Bonds is fully licensed to issue surety bonds in Georgia.

Agency License Number in Georgia: 206289

For further details, feel free to contact us at 866.450.3412.

About us:

Bryant Surety Bonds

Bryant Surety Bonds, Inc. is a surety bond agency based in Pennsylvania. Licensed in all 50 states and with access to over 20 T-listed, A-Rated bonding companies, we have the contacts, expertise, and top service to provide you with a hassle-free experience, all while offering competitive rates for your surety bond.