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How Much Does a Florida Contractor License Bond Cost?
The bond amount required is determined by your local authorities. Typically, the bond cost, known as the bond premium, is a small percentage of this amount, which can be as low as $100 annually for those with good credit. In most cities, contractor license bonds can be obtained for this amount. The bond premium will be determined by factors such as your personal credit score and financial stability.
Since April 13th, 2022, as per Section 61G4-15.006, there is no longer a requirement to obtain a state-level bond if your FICO credit score is 660 or higher. Applicants who don’t have a credit score of 660 or higher may fulfill the financial stability requirement by completing a 14-hour financial responsibility course approved by the Board.
Your Florida Contractor License Bond Cost per License Type | |||
---|---|---|---|
License Type | Bond Amount | Starting Price | |
Auburndale contractor | $5,000 | $100 | |
Baker County Contractor | $5,000 | $100 | |
Cape Coral registered contractor | $25,000 | $250 | |
Dundee contractor | $5,000 | $100 | |
Fort Meade contractor | $5,000 | $100 | |
Jacksonville sign contractor | $5,000 | $100 | |
Kissimmee contractor | $5,000 | $100 | |
Lake Alfred contractor | $5,000 | $100 | |
Lake County contractor | $5,000 | $100 | |
Mulberry Contractor | $5,000 | $100 | |
Orlando contractor state-regulated contractors |
$5,000 | $100 | |
Orlando contractor contractors not regulated by the state |
$1,000 | $100 | |
Osceola County contractor | $5,000 | $100 | |
Palm Beach County contractor | $2,000 | $100 | |
Panama City Beach contractor (different types) | $5,000 | $100 | |
Pasco County contractor | $5,000 | $100 | |
Polk County contractor | $5,000 | $100 | |
Winter Haven contractor | $10,000 | $100 |
For a complete overview of how your Florida contractor license bond price is determined, our How Much Does a Surety Bond Cost? guide is an excellent resource.
How to Get a Contractor License Bond in Florida
1. Determine the Surety Bond You Need
Identify the exact Florida contractor license bond required for your business. There are over 30 different contractor license bonds required by various municipalities in the State of Florida.
If you're new to this process, you may have questions about this stage. Feel free to contact us if you need clarification. That’s what our experienced and friendly customer service is here for.
2. Submit Your Application
Fill out our online application form to start the bonding process. We'll be there to assist you every step of the way, ensuring a smooth and hassle-free experience.
We recently assisted a contractor in Baker County, Florida, with obtaining their Contractor License Bond. Despite their industry experience, they found the bonding process challenging. We provided step-by-step guidance to help them navigate the requirements set by Baker County licensing authorities. This support enabled them to launch their business smoothly and establish themselves as a reputable contractor in the area.
3. Get a Bond Quote
After receiving your application, we quickly process it to find the best bond rate for you, using our industry expertise. We then provide a free quote and offer expert advice, along with clear instructions, to make the bonding process easier for you.
4. Buy Your Bond
Once your bond premium is paid, you are officially bonded. Your bond will be sent to you via email, and a paper copy will be mailed if needed.
For any questions about your Florida contractor bond, you can call us at (877)-514-5146 to speak with our bonding experts
Contractor License Bond Requirements in Florida
In Florida, bond amounts can vary widely, ranging from $1,000 to $55,000, depending on the specific laws of each city or county and the nature of the contractor's work. Adhering to these regulations is crucial for contractors to operate lawfully within their respective jurisdictions. The requirements for a Contractor License Bond differ from city to city:
- City of Auburndale
- Baker County
- City of Cape Coral
- Town of Dundee
- City of Fort Meade
- City of Jacksonville
- City of Kissimmee
- City of Lake Alfred
- Lake County
- City of Mulberry
- Nassau County
- City of Orlando
- Osceola County
- Palm Beach County
- Panama City Beach
- Pasco County
- Polk County
- City of Winter Haven
How to Get Your Florida Contractor license
To obtain a Florida contractor license, you must comply with several criteria. Licensing falls under the jurisdiction of the Construction Industry Licensing Board (CILB) within the Department of Business and Professional Regulation (DBPR). They offer applications for both certified licenses, allowing statewide contracting, and registered licenses, which are restricted to specific cities or counties
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Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!