South Carolina Well Driller Bond
South Carolina Well Driller Bond Information
Licensed South Carolina Well Drillers must furnish a surety bond in the amount of at least twenty-five thousand dollars as required by the South Carolina Environmental Certification Board and pursuant to Section 40-23-320 of the Code of Laws of South Carolina. The surety bond serves as security for losses due to defective construction of performance by the well driller in the course and scope of operations. Any loss of costs for the remediation or abatement of deficiencies resulting from defective construction of a well or performance as a Well Driller will be indemnified by the surety bond up to the statutory bond amount and the obligee will be held harmless for all such costs and losses.
How Much Does a Well Driller Bond Cost in South Carolina?
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