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How Much Does a Florida Seller of Travel Bond Cost?
The cost of a Florida seller of travel bond costs between $250 and $5,000. The required bond amount is between $25,000 and $50,000. However, you do not need to pay the bond’s full penal sum. Instead, you can purchase your bond from an authorized surety company by paying a bond premium.
We are an authorized surety company that has proudly served Florida’s bond needs for more than 10 years. Our bond rates are between 1% and 10%, depending on the applicant’s qualifications. Specifically, your bond rate is based on your professional experience, financial assets and credit scores.
Our surety company works with applicants with all credit scores. If you apply for a seller of travel bond with a 700 credit score or better, you qualify for a bond rate of 1% to 3%. A $25,000 bond in this case costs between $250 and $750.
Surety Bond Cost Based on Credit Score |
||||
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
Florida Seller of Travel Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
How to Get a Florida Seller of Travel Bond
1. Apply For Your Bond
It only takes a few minutes to apply for a surety bond and learn about your bond rate. Use our online application to complete this step quickly. More than 99% of our customers qualify for a surety bond.
2. Review Your Bond Quote
Applications are reviewed promptly, and most applicants have a bond quote within a few minutes. Some applications might be more complicated and require greater review. In these cases, a bond quote is available in 48 hours or less.
Ava recently applied with us for a seller of travel bond. She wanted to submit her registration application to the state as soon as possible, and she appreciated our fast process. In fact, she got her bond on the same day she applied.
3. Purchase Your Bond
To complete your purchase, make your premium payment using our convenient online portal. Your bond will be prepared quickly and emailed to you. We can also mail you a copy upon request.
Our bond experts are proud to provide you with a hassle-free way to get the bond you need. If you need assistance with your purchase, please contact us online or by phone at (877) 514-5146.
Seller of Travel Bond Requirements in Florida
Florida Statues Sections 559.926-559.939 mandate the annual registration of sellers of travel. One of the registration requirements is a performance bond. A $25,000 surety bond is required if you do not offer vacation certificates. If you offer vacation certificates, the bond amount is $50,000.
A reduction may be granted according to the following:
- A business that has been in operation under the same ownership and control for at least one year, with gross annual sales under $500,000, may request to reduce its security bond to $10,000.
- A business that has been in operation under the same ownership and control for at least one year, with gross annual sales between $500,000 and $1,000,000, may request to reduce its security to $15,000.
- A business that has been in operation under the same ownership and control for at least one year, with gross annual sales between $1,000,000 and $2,000,000, may request to reduce its security to $20,000.
- A newly established business, or a business under new ownership may apply to reduce its security to $10,000. “Newly established” means a business that has operated for less than one year.
The obligee is the State of Florida, Department of Agriculture and Consumer Services. While you must renew your registration with the state annually, the seller of travel bond is continuous. The bond can be canceled by the obligee by providing a 30-day written notice to the principal and the obligee.
To maintain your surety bond, the bond premium must be paid annually. We support our customers with bond maintenance by providing current payment instructions each year prior to the due date.
How to Get Your Seller of Travel Registration in Florida
Those who promote or sell travel-related services in Florida must register with the Department of Agriculture and Consumer Services. The registration period is one year. To register, you must submit the following items:
- Registration form
- Surety bond form with a power of attorney
- $300 application fee
- If you offer vacation certifications, a $100 document submission fee
If you have questions about the rules and regulations for sellers of travel in Florida, contact:
Florida Department of Agriculture and Consumer Services
1925 Capital Circle NE
Tallahassee, FL 32308
Phone: (850) 245-5498
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What Our Clients Have To Say?
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!