Florida Surety Bonds

Your surety bond cost varies depending on what type of bond you are applying for. Some bonds, like the freight broker bond, are the same amount across the country. Others, such as contract bonds, have a different amount for every individual case.

When you apply with a surety, it determines your bond price on the basis of the bond amount which you need to provide to meet the respective requirements, and on the strength of your finances.

The actual bond cost that you have to pay is only a few percents of the bond amount, which is called the bond premium. Your bond provider has to assess your personal and business financials in order to formulate it. The most important factors that it needs to consider include your credit score, company documents, and any assets and liquidity that you showcase. Your professional experience may count in as well in some cases.

If your overall finances are in good shape, the usual bonding rates are in the range of 1%-5%. The bond premium is likely to be smaller if the perceived bonding risk is low.

To gather further information about the process of bond price formulation, make sure to consult our extensive Surety Bond Cost page.

Even if your credit score is low, or you're struggling with other financial issues, you can still apply for most types of Florida surety bonds. Through our Bad Credit Surety Bonds program, applicants with less than perfect credit can obtain the bonding they need.

The bad credit options are available at slightly increased prices due to the greater risk involved. Rates for high-risk applicants are between 5%-15% of the total amount. Yet, we can ensure you get a top bond cost due to our exclusive partnerships with a number of A-rated, T-listed sureties.

Once you submit your full application and necessary paperwork, our bonding experts team will review your application and send you a free bond quote.

In case you would like to learn more about the way bonding works, our How to Get Bonded page is a one-stop-shop for all your queries.

We are here to help with your application or further questions. Just call us at (877) 514-5146.

You may need a surety bond in a wide variety of situations. However, the main bond types include license, contract, and court bonds.

License bonds are needed by individuals and businesses who wish to obtain a license as auto dealers, freight or mortgage brokers, telemarketers, and many more professions. These bonds guarantee that you will comply with applicable state regulations for your particular industry and license.

Contract bonds are often required of contractors who participate in public or private projects. Depending on the exact bond type, they guarantee that construction professionals will adhere to all relevant regulations, will complete the contracted work in time and in high quality, and will make due payments to suppliers and subcontractors.

In some cases, courts in Florida may demand court bonds. You may need such a bond if you are appointed as a fiduciary by a probate court, or if you are appealing a judgment to a higher instance.