Blasting Contractor's Surety Bond
Blasting operations are among the highest risk contracting activities in the sector. Licensing and explosive user certificates are required as well as surety bonds. Many surety companies have no appetite for this class of bond, assuming that the risk is so great that losses will overrun premium so it's imperative to work with one that has an expertise in blasting operations and a willingness to underwrite the obligations. A blasting operator bond generally guarantees the following:
- Blasting operations that result in damage to property or persons will be insured.
- The blasting contractor will comply with the all laws and local codes that regulate the activity.
- The blasting operatory will maintain a secure explosives magazine.
Most explosive experts must also register with the Bureau of Alcohol, Tobacco and Firearms (BATF) and possess the appropriate warehousing and user certificates. Per the BATF, the Federal Explosives Licensing Center must receive a candidate's fingerprints and application, then will accomplish a background check on all “responsible persons” identified on the application. A field office supervisor will assign an Industry Operations Investigator (IOI) to conduct a face-to-face qualification inspection, before issuance. A blasting operator must then fulfill local licensing and inspection requirements, generally in the following:
The federal government does not require surety bonds however local permitting authorities often do. A blasting contractor bond will ensure the indemnification of damages but also compliance with safe storage laws. Mobile, lock box and warehouse type explosive magazines are inspected by licensing agents. General storage requirements are somewhat uniform and often follow the BATF's standard.
National surety bond leader, Surety One, Inc. is a specialist in providing for the bonding needs of specialty and blasting contractors. We offer this class of surety bond and performance bonds to all applicants in EVERY state where blasting operators must be bonded. Although personal credit is a factor in surety bond underwriting, we have programs to fit every credit condition. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat regarding a blasting operator's surety bond application or to discuss your particular needs.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.
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