Cobb EMC deposit bonds.
From $100.
Cobb Electric Membership Corporation (Cobb EMC) will accept a surety bond in place of the cash deposit it would otherwise require to start or continue electric service. The bond names Cobb EMC as obligee in the amount it sets for your account. Premiums cost 2% of the bond amount, $100 minimum.
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How much does a Cobb EMC deposit bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
The Cobb EMC deposit bond has no long underwriting queue for the standard amount — enter your figure, apply, and send the executed bond to Cobb EMC. Here is the whole thing:
Apply online
Your account details, the bond amount Cobb EMC set, and the effective date — that is the application. No credit check up to $15,000.
Priced and issued
The premium is 2% of the bond amount, $100 minimum, and the executed bond is generated as soon as you pay. Larger amounts may get a brief review.
File with Cobb EMC
Send the executed Agreement of Surety to Cobb EMC (P.O. Box 369, Marietta, GA) so your cash-deposit requirement is released. Wet-ink originals mailed on request.
What it is and who needs it.
What the Cobb EMC deposit bond actually does
Cobb Electric Membership Corporation is a member-owned, nonprofit electric cooperative. Rather than compel a member to leave a cash security deposit on file before starting or continuing electric service, Cobb EMC will accept a surety bond — on its own Agreement of Surety form — in the same amount instead.
Cobb EMC serves parts of Cobb, Cherokee, Bartow, Paulding, and Fulton counties.
It is a three-party arrangement: you (the principal), the surety carrier, and Cobb Electric Membership Corporation (the obligee). The bond covers "any and all indebtedness" for electric service, up to the amount stated on the bond, wherever Cobb EMC provides that service. If the account goes unpaid, Cobb EMC can claim against the bond; if the surety pays, you repay the surety — it is not insurance for you.
The obligation is continuing: under Cobb EMC's own form it stays in force until the surety gives Cobb EMC 90 days' written notice, terminating coverage only for indebtedness incurred after that notice takes effect. Enter the bond amount Cobb EMC set for your account; we price the bond at 2% of that amount, $100 minimum, and no credit check up to $15,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Cobb EMC. Send the executed Agreement of Surety to Cobb EMC (P.O. Box 369, Marietta, GA) so your cash-deposit requirement is released. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $15,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
Priced at the application.
Submit the application with the bond amount Cobb EMC set for your account — the premium is 2% of that amount, $100 minimum, and the executed bond is ready to send to Cobb EMC the same day.
Start the application →Common questions.
Other Georgia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Skip the Cobb EMC cash deposit with one bond.
2% of the bond amount, $100 minimum. Enter the amount Cobb EMC set and see your exact price.