SuretyBonds.Co

Florida Contractor License Bond

Contractor License Bond
Contractor License Bonds
Price: $100
Florida Contractor License Bond
The process of applying for a Florida Contractor License Bond Surety Bond is a quick and straightforward process, typically taking only about five minutes from start to finish.


To purchase your Florida Contractor License Bond simply click on the "Buy Now" button. You will then be guided through a brief set of questions. After which you'll pay online and sign using DocuSign. Your new surety bond will be signed and sealed as a full-color PDF document for printing.

Securing a Florida Contractor License Bond surety bond is a commitment by principals to adhere to the stipulations of contractual and legal obligations.

Note: If the bond requires underwriting, it may take up to 24 hours.

Contractor License Bond

The State of Florida
Contractor License Bond

Surety Bond Details

State: Florida
Category: Contractor License Bond
Class: Contractor License Bonds
Obligee: Governor of the State...
Amount: $5,000
Duration: Stated on Bond
Expiration: 1-Oct

Cost: $100

The State of Florida
Contractor License Bond
State:
Florida
Category:
Contractor License Bonds
Obligee:
Governor of the State of Florida
Amount:
$5,000
Duration:
Stated on Bond
Expiration:
1-Oct
 
SORPid: A-25

Instant Approval & Download!

Fast Checkout

Buy a bond in 5 minutes.

Instant Download

Many bonds are immediately available for download.

Free Quotes

We never charge for quotes.

Top Bond Carrier

Palmetto Surety is one of the nation’s top surety providers.

Florida Contractor License Bond Details

If you are a contractor in Florida, you may have heard about the Florida contractor license bond. But what exactly is it, and why is it important for your business?

In this article, we will dive into the details of the Florida contractor license bond, including its requirements and benefits, to help you understand its significance for your contracting business.

What is a Contractor License Bond?

A contractor license bond is a type of surety bond required by the state of Florida for contractors to obtain and maintain their license. It is a form of protection for the public and the state against any potential financial harm caused by a contractor's actions.

In simple terms, a contractor license bond is a contract between three parties: the contractor (principal), the state of Florida (obligee), and the surety company (guarantor). The bond ensures that the contractor will comply with all state laws and regulations. If they fail to do so, the surety company will provide financial compensation to the obligee.

Requirements for a Florida Contractor License Bond

Contractor working on a construction siteby Spencer Davis (https://unsplash.com/@spencerdavis)

In Florida, contractors are required to obtain a license bond before they can legally operate their business. The bond amount varies depending on the type of contractor license and the scope of work they are licensed to perform.

The Florida Department of Business and Professional Regulation (DBPR) regulates and licenses contractors in the state. They have set the following bond amounts for different types of contractor licenses:

  • General Contractor: $20,000
  • Building Contractor: $10,000
  • Residential Contractor: $10,000
  • Specialty Contractor: $5,000

In addition to the bond amount, contractors must also meet the following requirements to obtain a Florida contractor license bond:

  • Be at least 18 years old
  • Have a valid Social Security Number
  • Pass a criminal background check
  • Complete a licensing exam
  • Provide proof of insurance
  • Pay the required fees

Once these requirements are met, the contractor can obtain their bond from a surety company authorized to do business in Florida.

Benefits of a Florida Contractor License Bond

The Florida contractor license bond offers several benefits for contractors and their clients. Let's take a closer look at some of these benefits.

Protects the Public and the State

The primary purpose of a contractor license bond is to protect the public and the state from any financial harm caused by a contractor's actions. If a contractor fails to fulfill their obligations, such as completing a project or paying subcontractors, the bond provides a safety net for those affected.

Builds Trust with Clients

Blueprints and tools on a construction siteby Avel Chuklanov (https://unsplash.com/@chuklanov)

Having a contractor license bond can also help build trust with potential clients. It shows that you are a responsible and trustworthy contractor who is willing to take the necessary steps to protect your clients' interests.

Ensures Compliance with State Laws

By requiring contractors to obtain a license bond, the state of Florida ensures that contractors comply with all state laws and regulations. This helps maintain a level playing field for all contractors and protects consumers from unscrupulous contractors.

Provides Financial Security for Contractors

While obtaining a bond may seem like an additional expense for contractors, it can actually provide financial security in the long run. In case of a claim, the surety company will cover the costs up to the bond amount, which can save contractors from having to pay out of pocket.

How to Obtain a Florida Contractor License Bond

To obtain a Florida contractor license bond, contractors must follow these steps:

  1. Determine the bond amount required for your specific license.
  2. Complete the online bond application and provide any necessary documentation.
  3. Pay the required premium online (a percentage of the bond amount)
  4. DocuSign, download your bond, print it in Color, and submit it to the DBPR with your license application.

It is important to note that the bond must be renewed annually to maintain a valid contractor license.

Common Misconceptions about Contractor License Bonds

Several misconceptions about contractor license bonds are important to address.

Misconception #1: A Bond is the Same as Insurance

While both bonds and insurance provide financial protection, they are not the same thing. A bond is a three-party agreement, while insurance is a two-party agreement between the insured and the insurance company.

Misconception #2: A Bond is Only Necessary for Large Projects

Construction site with a large buildingby Christian Wiediger (https://unsplash.com/@christianw)

Some contractors may believe that a bond is only necessary for large projects, but this is not the case. In Florida, all contractors are required to obtain a bond, regardless of the size of the project.

Misconception #3: A Bond is Only Necessary for Commercial Projects

Similar to the previous misconception, some contractors may believe that a bond is only necessary for commercial projects. However, in Florida, even contractors working on residential projects are required to obtain a bond.

Conclusion

The Florida contractor license bond is a crucial requirement for contractors in the state. It provides financial protection for the public and the state, builds trust with clients, ensures compliance with state laws, and provides financial security for contractors.

By understanding the requirements and benefits of a contractor license bond, contractors can take the necessary steps to obtain and maintain their bond and continue to operate their business legally and ethically in Florida.

Related Surety Bonds

Liberty Bail B.
Liberty Bail B.
New year new start . LETS DO THIS!!
Jessy M.
Jessy M.
Yukisha Zellars (.
Yukisha Zellars (.
Made the dropBut the return outstanding PALMETTO
Crystal B.
Crystal B.
Great, friendly people, wonderful services!
Tasha T.
Tasha T.
Amy A.
Amy A.
Elicia D W.
Elicia D W.
They are so efficient!
Paul E.
Paul E.
Charles M.
Charles M.
A wonderful company that puts its agents first!
ALL I WANT IS OUT BAIL BONDS V.
ALL I WANT IS OUT BAIL BONDS V.
Maury W.
Maury W.
Can not wait to bring in the NEW YEAR !!!
Mara H.
Mara H.
Sol H.
Sol H.
Talon Ridge H.
Talon Ridge H.
BEST SURETY COMPANY I HAVE EVER WORKED WITH. ALL STAFF ARE PROFESSIONAL AND KNOWLEDGEABLE.
Tameisha T.
Tameisha T.
A Sabrina's Bail B.
A Sabrina's Bail B.
I haven’t been with Palmetto Surety for very long but they are fast at responding & are always very helpful in any situation. I needed assistance over a weekend & they still answered their phones & made it happen for me. Solid company & a solid team, I’m happy to be part of this Palmetto family💪🏻💛.A Sabrina’s Bail BondsClearwater, FL
Felicia W.
Felicia W.
Drew T.
Drew T.
828 Bail Bonds A.
828 Bail Bonds A.
Palmetto Surety Corporation deserves a solid 5-star review for their outstanding service. They have played a pivotal role in helping countless agents and agencies here in North Carolina start, grow, and sustain their businesses. Scott, Donnie, Shanelle, and the entire team are truly top-notch.What truly distinguishes them is their unwavering professionalism and a track record of supporting local agents and agencies. Palmetto Surety Corporation goes above and beyond to provide a level of service that sets the industry standard.Palmetto Surety Corporation is the go-to choice for anyone seeking a reliable surety in North Carolina. Thank you, Palmetto Surety Corporation, for your invaluable assistance!
Rodney T.
Rodney T.
First time using the website and the staff is awesome in answering questions and walking you through anything
Luke A.
Luke A.
Cherie R.
Cherie R.
The only smart choice..the only choice really. They have never let me down and I am proud to call myself a Palmetto agent.
Wyatt H.
Wyatt H.
love this company period!
Kristain K.
Kristain K.
They went out of their way to help us with an issue when they didn’t have to. They treat my family with respect and provided information that helped us understand what is going to happen moving forward.
Freddie Dixon Bail B.
Freddie Dixon Bail B.
Been with this awesome company 6 years. Super easy to work with, very understanding and work hard to get my transfers done!
jeff B.
jeff B.
922.50Best Surety ever. Helpful people, great business sense!
Chichi B.
Chichi B.
GREAT COMPANY AND EASY TO DEAL WITH.
Jay A.
Jay A.
Joanne M.
Joanne M.
#1-24-7 UNLIMITED BAIL B.
#1-24-7 UNLIMITED BAIL B.
EXCELLENT SERVICE AND AGENT COMMUNICATION..
JED B.
JED B.
Streak P.
Streak P.
Quick and fast
Luis H.
Luis H.
RODNEY R.
RODNEY R.
Lisa M.
Lisa M.
CARL F.
CARL F.
Monica G.
Monica G.
John C.
John C.
Cassandra W.
Cassandra W.
I appreciate the concern .
walteria V.
walteria V.
Alfonza S.
Alfonza S.
Fabian L.
Fabian L.
Ken W.
Ken W.
Jeffrey B.
Jeffrey B.
Junior S.
Junior S.
I appreciate my Business association with Palmetto. A very Innovative and growing company.
Ace B.
Ace B.
Christopher G.
Christopher G.
Big Angel A.
Big Angel A.
×
js_loader