Florida Surety Bonds

When Do I Need a Surety Bond In Florida?

Surety bonds are financial guarantee agreements that ensure compliance with state regulations or contractual obligations. In the state of Florida, you may be required to get a surety bond if you want to start a business, get licensed or work on a construction job. See our ‘What is a surety bond’ guide for a detailed explanation of how bonds work.

Three main types of surety bonds are available in Florida:

• If you want to obtain a permit or business license in Florida, you may have to post a license and permit bond. This type of bonds, also known as commercial bonds, are often part of the licensing process with a local or state authority.

• If you need to get bonded to bid or work on construction projects, you will need to obtain bid bond, performance bond or payment bond. These are some of the main types of contract bonds that are required of contractors and they serve to provide security for the project owner.

• court bonds are requested by a court in certain situations. To appeal a judgment, for example, you may be asked to obtain a court bond. Alternatively, when being appointed someone’s guardian or fiduciary, you may also be required to obtain such a bond.

Fidelity bonds are also a popular type of surety bond that is often obtained by company owners to protect their businesses from employee misconduct, theft, fraud and other dishonest actions.

Popular Surety Bonds in Florida

How Much Does a Surety Bond in Florida Cost?

The surety bond amount depends on the specific bond type and on the field in which you operate. For license bonds, the bonding amounts are usually fixed by the state, while for contract bonds they will be specified in the construction project requirements. In some cases, the bond amounts are the same across the country.

Your surety bond cost is a fraction of the total bond amount. It depends on a few individual factors, such as your credit score, your industry experience and personal and business financials. Applicants with high credit score usually are offered a low rate on their bond, also known as a standard market rate. If you qualify for such a rate, your premium will be between 1%-4% of the total bond amount.

If you want more details about how your surety bond cost is determined, please consult our Surety Bond Cost page.

To get an initial ballpark estimate, you can use our surety bond calculator below.

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Surety Bond Cost Calculator

Bond Type Select Your Required Bond Auto Dealer BondCollection Agency BondContractor License BondDebt Collector BondFreight Broker BondMedicare/Medicaid BondMortgage Broker BondRetail & Professional Services BondSchool BondSmall Loan Company BondSports Permit BondTax & Utility BondTelemarketing BondTravel Agent BondAll Other License Bonds

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You can also request a free and exact quote by completing our bond application form.

What If I Have Bad Credit?

If you have low credit, tax liens, bankruptcies or civil judgments you can still get bonded, though at somewhat higher rates. Applicants with lower credit scores usually are offered a rate between 5%-15%, in order to compensate for the higher risk involved.

To learn more about getting a bond under these conditions, see our Bad Credit Surety Bond Program page.

How Do I Get Bonded?

If you need a license or construction bond, you can complete our simple 2-min online application form. We will then contact you with your free, tailor-made quote. Afterwards you’ll need to complete your full application, along with the state required bond form.

For a fidelity bond application, select one of the bond forms here, based on the specific bond you need and send it to us.

If you need to obtain a court bond, visit our court bond application page to start your application process.

Our surety bonds experts are here to help you. If you need assistance or have questions, call us at 866.450.3412.

Surety Bond Requirements by City

About us:

Bryant Surety Bonds

Bryant Surety Bonds, Inc. is a surety bond agency based in Pennsylvania. Licensed in all 50 states and with access to over 20 T-listed, A-Rated bonding companies, we have the contacts, expertise, and top service to provide you with a hassle-free experience, all while offering competitive rates for your surety bond.