Warehouse license bond cost
The State Warehouse Division of the Georgia Department of Agriculture requires managers of warehouses to post surety bonds prior to conducting business. Applicants must know the type of product that will be stored in the warehouse and should verify their required bond amount with the state prior to bonding.
Surety Bonds issues these bonds instantly for just 100. There’s no credit check required, so everyone pays the same low, flat rate.
Why this bond
Georgia warehouse license bonds are put in place to ensure that principals (warehouse operators) conduct ethical and lawful business, including fully accounting for all transactions, accurately tracking product moved through the warehouse and more. If the principal fails to comply with these terms, the bond protects harmed parties from financial loss up to the full bond amount. The principal must reimburse the surety for any damages paid out.
Warehouse license bond details
Warehouse licenses in Georgia expire on June 30, but can be renewed from fiscal year to fiscal year unless surrendered, abandoned, revoked or canceled or unless the Commissioner of Agriculture requires a new application for renewal.
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