Florida Surety Bonds

Most Popular Surety Bonds in Florida

Do you need more information about the Florida surety bond requirements? Call our bond experts at (877)-514-5146 to learn more.

How Much Does a Florida Surety Bond Cost?

The cost of your surety bond in Florida depends on the type you require. For example, a Collection Agency Bond typically requires a surety bond of $50,000. However, you're not required to pay the entire bond amount upfront. Instead, you only need to pay the bond premium, which is a percentage of the total amount. Generally, premiums in the standard bonding market range between 1% and 3% for applicants with strong financial backgrounds. Therefore, you can expect to pay between $500 and $1,500.

How does the surety agency determine your bond premium? We carefully assess your overall financial health, paying close attention to your individual credit rating, assets, liquidity, and professional history. The stronger your financial and business standing, the more likely you are to qualify for a lower premium.

How to Get a Surety Bond in Florida

1. Determine the Surety Bond You Need

You can obtain this information from the entity requiring the surety bond, which could be a federal agency like the FMCSA, a state administration such as the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) or a municipal authority like the city of Cape Coral. 

It's common for many first-time clients to have questions about this stage. If you're unsure or have any doubts, don't hesitate to contact us. Our dedicated and friendly customer service is here to assist you with any inquiries you may have.

2. Apply For Your Bond

To start the bonding process, simply fill out our online application form. That's what our client Crystal H. did, navigating through the bonding process effortlessly. You'll be asked to provide details about the type and amount of the required bond. We'll walk you through each step, ensuring a seamless experience. 

3. Get a Bond Quote

Once we receive your application, our team immediately starts processing it. We conduct a comprehensive search to find the most competitive bond rate, leveraging our industry expertise. Afterward, we promptly provide you with a free quote, along with clear instructions and expert guidance, making sure the bonding process is smooth and straightforward.

4. Buy Your Bond

Upon payment of your bond premium, you are officially bonded. Your bond will be sent to you via email, with a paper copy mailed if required.

If you have any further questions, feel free to contact us.

Resources

Florida Department of Highway Safety & Motor Vehicles

Florida Office of Financial Regulation

Florida Agency for Health Care Administration

Florida Division of Insurance Agent and Agency Services

Florida License Info

Lance Surety Bonds is licensed to underwrite surety bonds in Florida.

License Number L105775

City-Level Bonding Requirements