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SURETY BONDS · GEORGIA

Surety bonds for Georgia contractors and businesses.

A surety bond is a three-party agreement where the surety guarantees to a third party that the principal will fulfill an obligation. Unlike insurance, bonds protect the party requiring the bond, not the principal. Georgia contractors, licensed professionals, and businesses often need bonds to operate legally.

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WHAT'S COVERED

Types of surety bonds

Contract and Bid Bonds

Required by Georgia for contractors on certain public and private projects. Guarantees contract completion.

License and Permit Bonds

Required by state and local governments to obtain a contractor's license, real estate license, or other professional license.

Fidelity and Employee Dishonesty Bonds

Covers lost or stolen funds managed by employees handling client money.

IMPORTANT LIMITATIONS

Important surety bond notes

Repayment obligation

A surety bond is not insurance in the traditional sense. If a claim is paid out, the principal typically owes repayment to the surety.

Fraud by the principal

Intentional fraudulent acts by the principal may void the bond.

OUR CARRIER PANEL

Carriers We Use for This Coverage

All carriers are A-rated by AM Best and appointed in the state. We compare them and recommend the right fit.

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Common questions

What does a free coverage review actually involve?

You share your current policy or tell us what you have. We review it and tell you what you are covered for, what you are missing, and what it would cost to fix any gaps.

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Is Olive Cover going to try to sell me something?

We are going to tell you what we find. If your current coverage is right we will tell you that. You decide.

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My renewal went up. Should I shop around?

Usually yes, especially if it went up more than 15 percent. We can run quotes across our carrier network within a business day.

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What is the difference between my insurance carrier and my insurance agent?

Your carrier is the company that actually pays your claim. Your agent is who you buy from.

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GET STARTED

Need a surety bond for your Georgia contractor license or project?

Most Georgia contractors and licensed businesses need surety bonds to operate legally. Tell us your business type and license requirement and we will get you bonded.

$100 to $500 per year for most standard bonds

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