San Diego County Well Contractor Bond - $2,500
The County of San Diego requires businesses in the area to apply for a $2,500 bond in order to secure a water well permit and activate their business licenses. This is necessary to ensure the compensation of the public should accredited applicants cause any licensing infractions, like damages to public grounds, in the course of the project.
What is a Water Well Permit?
A water well permit is a validation document and legal requirement that allows the local government to regulate activities involving water wells – its design, construction, alteration or repair, and demolition – and protect the county’s ground reserves. Applicants must secure their water well permit with the county’s Department of Environmental Health Land and Water Quality Division.
The application will normally require general information about the project, including information about the applicant or well contractor and project details. The application fee will depend on the nature of the project; to know more, see the county’s scheduled fees. No work shall ensue without securing the proper permits prior the project.
For more information, please visit the Office of San Diego County or read further on their Water Well Program.
What is the San Diego Well Contractor Bond?
Prior the conduct of any public work that may affect public property – including natural resources – and safety, such as the installation, repair, or destruction of wells, businesses involved must secure their well permit bond amounting to $2,500 with the County of San Diego. The bond guarantees that contractors or permittees will adhere to the County’s codes, deliver expected outcomes to quality, and strictly follow engineering standards.
How does it work?
San Diego County Well Contractor Bond must be issued by a surety bond provider accredited by the California Department of Insurance. The parties in the agreement are the Principal (well contractor or applicant), Obligee (County of San Diego), and Surety/Bond Company or Obligor (surety bond provider or insurance).
The Surety Company will guarantee the compensation (performance bond) of the Obligee should the Principal fail to deliver agreed upon services or violate any licensing provisions. The Surety Company will receive and assess the validity of all public claims where claims may only amount to the total penal sum arranged in the bond form. The Principal shall reimburse all expenses covered by the Surety Company.
The Bond Company is secured through an indemnity agreement as the permit applicant or licensed business will ensure the full reimbursement of the claims, including legal fees and premiums. This agreement shall be made before the execution of the bond.
How much does it cost?
Typically, the bond for San Diego County Well Contractor will cost around $100.
How can I apply for this bond?
At Surety Bond Authority, we are dedicated to help you get your bond the fast and easy way. Here is a step-by-step guide to help you get started.
To secure your well permit, be sure to transact with a reputable surety company early. If you are ready to get yours processed today, you can APPLY HERE. Rest assured our expert surety bond agent will guide you from the time of your application until the issuance of your bond.
In the assessment phase, our underwriter will need the following information:
- Nature of your profession or business
- Credit score
- Financial strength
For the speedy processing of your application, ensure you have gathered and provided accurate information upon submission.
Once the assessment is done, we will promptly issue your bond and send it your way. Contact us today and get your bond issued in no time!