A Florida surety bond guarantees principal owners and the public that services will be performed with excellence and security. Florida legally requires a variety of contractors and organizations to secure bonds to conduct business across the public service industry. Absolute Surety is a leading Florida bonding company. Apply easily online and take advantage of lowest rates. Browse the most common types of FL surety bonds, or contact us for a full list.
How much can I expect to pay for my Florida financially responsible (FRO) officer bond?
These bonds do require underwriting and are based on personal credit of all the owners. You can expect to pay as little as $750 per year if you maintain good credit. For individuals with lower credit ratings, we can still offer the most competitive premiums with financing sometimes being an option as well.
Bond Penalty Amount: $100,000
Bond Term: 1 year
Why do I need this bond:
This bond is required for any person other than the qualifying agent that will assume all personal responsibility for all financial aspects of the business. The “FRO” has the final authority on all contracts, payments, checks and other matters on behalf of the business.
We also offer many other types of bonds for the construction industry. If your credit has fallen below 600 and the state is asking you for a surety bond, please contact us at 855-689-5106 to inquire further.