If you conduct geophysical work in and over the land, swamps, marshes, beds of river, streams, bayous, bays, sounds and other water bottoms in the State of Louisiana, you are required by the Louisiana Department of Wildlife and Fisheries to file a Louisiana Seismic Insurance Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Louisiana Seismic Insurance Bond holds you accountable for your business decisions.
By possessing a Louisiana Seismic Insurance Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.