Georgia-City of East Point Tradesman Contractor Bond

Tradesman Contractor Bond in Georgia is a form of financial guarantee that most contractors are required to obtain in order to conduct business in the City of East Point, Georgia. This bond protects consumers and the government from fraudulent activities, contract breaches, or other issues related to contractor operations in Georgia.

What is the business of the City of East Point Tradesman Contractor?

City of East Point Tradesman Contractor is a licensed contractor providing trade and craftsmanship services such as electrical work, plumbing, HVAC (heating, ventilation, and air conditioning), carpentry, and other construction services in the City of East Point. These contractors perform tasks related to repairing, installing, and maintaining engineering systems and building structures. Licensed contractors must comply with all construction codes and regulations established by local authorities.

Companies and individual contractors in this field must obtain the appropriate license that verifies their qualifications and authorization to perform their work. They collaborate with private clients and commercial organizations, handling projects ranging from minor repairs to large-scale renovations.

Example: Boris and his HVAC business in East Point

Boris is an experienced HVAC specialist providing installation and maintenance services. He holds the City of East Point Tradesman Contractor license, which allows him to operate legally in the city and provide HVAC repair and installation services for residential and commercial properties.

One day, Boris received a request from the owner of an office building to repair the air conditioning system, which had failed and caused discomfort for employees. Boris quickly diagnosed the issue, replaced damaged parts, and provided full maintenance of the equipment. Thanks to his efficient work, the air conditioning system resumed normal operation, ensuring a comfortable environment in the offices.

The building owner was so satisfied with Boris’s work that he signed a contract with him for regular maintenance of all HVAC systems in the building. Boris gained a loyal client and started receiving referrals from other companies seeking a reliable contractor for their maintenance needs.

How much does the contractor bond cost in Georgia?

The contractor bond in Georgia typically amounts to $10,000. The premium for this bond is 1% of the bond amount per year, with a minimum premium of $100.00 annually.

Key points to know about the contractor bond in Georgia:

How agents can issue a contractor bond in Georgia:

Agents can issue Tradesman Contractor Bonds in Georgia through the personal account portal.

Underwriting details:

This bond falls under category 1 — Instant Issue. The quota will be automatically approved and available for purchase. The bond amount is $10,000, with a standard rate of 1% per year and a minimum premium of $100. A multi-year discount of 25% is available. No signed application is required.

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Filing Method
Executed bond must be filed with the obligee by agent/principal.
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