A Florida surety bond guarantees principal owners and the public that services will be performed with excellence and security. Florida legally requires a variety of contractors and organizations to secure bonds to conduct business across the public service industry. Single Source Insurance is a leading Florida bonding company. Apply easily online and take advantage of lowest rates. Browse the most common types of FL surety bonds, or contact us for a full list.
Secure Your Florida Contractor Bonds with Confidence
#1 Recommended Bond Agency in Florida
�
FLORIDA CONTRACTOR SURETY BONDS
Specific cities and counties within the� State of Florida will require contractors to get a surety bond prior to obtaining a permit. These surety bonds are relatively cheap and can be issued right away in our office and sent to you the same day payment is made. �A contractor permit bond penalty is usually between $1,000-$10,000 and�cost�around $100 with a discount for a�2 year�purchase of the surety bond. �Most of the contractor bonds expire September 30th of each year. �If you purchase the bond mid-year, you will not pay a prorate amount.
What are Common Types of Surety Bonds Contractors Need in Florida?
Bid Bond - Secures the bidder on a contract will enter into the contract and furnish the required payment and performance bonds if awarded the contract.
Payment Bond - Holds contractor accountable for paying and suppliers and subcontractors working on the project.
Performance Bond - Ensures the contract will be completed within the terms and conditions agreed upon.
Ancillary Bond - Ensures principal that contractor meets the most vital requirements of the project contract that are not directly performance related.
Where to Purchase a Contractor Bond in Florida?
Our team can help you secure the correct bond at an affordable cost. Most Florida contractor bonds can be purchased around�$100,�and delivered to you the same day payment is received. Browse the list of the most common contractor bonds required in Florida. If you do not see the city or county required for your project, please�contact our office and we will be able to assist you.
All the bonds listed below are for cities and counties. �If you need a bond for the State of Florida, we offer those as well. �Please check out�Florida Financially Responsible Officer page.
bond, performance bond, insurance, orange county contractor surety bond, license, contract, surety, construction, payment, general contractor, regulatory compliance, credit score, credit card, credit, sheet metal, regulation, california, guarantee, program, online, instant quote, license bond, contractor surety bond, contractor license bond, vehicle dealer bond, dealer bond, contractor bond, underwriting, air conditioning, metal, company, failure, plumbing, consumer protection, florida contractor license bond, liability insurance, fee, bid bond, florida department of business and professional regulation, cost, indemnity, payment bond, business, contractor license bonds, contractor bonds, public, new jersey, tax, damages, county, price, power of attorney, virginia, missouri, policy, north carolina, iowa, south carolina, nebraska, louisiana, arkansas, mississippi, alabama, tennessee, michigan, georgia, social security number, statute, minnesota, indiana, oregon, electrical contractor, arizona, glass, cash, customer, dundee, illinois, plumber, colorado, law, new mexico, nevada, credit history, ohio, customs, alaska, miller act, rhode island, electrician, utah, maryland, idaho, jersey, hawaii, oklahoma, license bonds, florida department, contractors license bonds, contractors license bond, kentucky, south dakota, risk, property, delaware, north dakota, mexico, massachusetts, montana, kansas, wyoming, west virginia, pennsylvania, connecticut, exam, panama, new hampshire, swimming pool, wisconsin, vermont, sole proprietorship, fraud, fingerprint, option, warranty, corporation, database, vehicle, consumer, javascript, subcontractor, interest, expense, city of maitland, wage
Frequently Asked Questions
What is the bond amount for Orange County contractors?
The bond amount for Orange County contractors is $5,000.
How long does it take to get an Orange County contractor bond?
The time to get an Orange County contractor bond typically ranges from 1-3 business days, provided all required documentation is submitted.
Are Orange County contractor bonds renewable?
Orange County contractor bonds are renewable. These bonds are typically required for contractors working in Orange County, Florida and can be renewed upon expiration.
What is a Florida contractors license bond?
A Florida contractor's license bond is a surety bond required by the state for licensed contractors to obtain a permit and operate legally in Florida. The bond amount typically ranges from $1,000 to $10,000, with an annual premium of around $100.
What is the process for obtaining a Florida contractors license bond?
The process for obtaining a Florida contractors license bond typically involves purchasing a surety bond from a licensed surety bond provider, with the bond amount usually ranging from $1,000 to $10,000, depending on the specific city or county requirements.
How do I obtain an Orange County contractor surety bond?
To obtain an Orange County contractor surety bond, you need to apply with a licensed surety bond provider. The bond amount required is typically $5,000 and the annual premium is around $100.
Is a Florida contractors license bond the same as insurance?
A Florida contractor's license bond is not the same as insurance. A contractor's license bond is a type of surety bond required by the state of Florida to ensure compliance with state licensing laws, while insurance provides coverage for different purposes.
How do I get a Florida contractors license bond?
To get a Florida contractors license bond, you need to purchase a surety bond with a penalty amount as required by the specific city or county in Florida where you are operating. The cost of the bond is typically around $100.
How much does a Florida contractors license bond cost?
The cost of a Florida contractor's license bond typically ranges from $100 to $500, depending on the bond amount required by the local jurisdiction.
What is the average cost of a Florida contractors license bond?
The average cost of a Florida contractor's license bond is typically around $100, with the bond penalty ranging from $1,000 to $10,000 depending on the specific city or county requirements.
Who requires an Orange County contractor bond?
Contractors in Orange County, Florida are required to obtain a contractor bond before obtaining a permit.
How much does an Orange County contractor bond cost?
The cost of an Orange County contractor bond varies based on the bond amount required, which is typically $5,000. The annual premium for a $5,000 Orange County contractor bond is usually around $100.
What type of contractors need an Orange County surety bond?
Contractors in Orange County, Florida are required to obtain a surety bond to obtain a permit. The bond amount typically ranges from $5,000 to $10,000 depending on the type of contractor.
What is the process for getting an Orange County contractor bond?
To get an Orange County contractor bond, contractors must purchase a surety bond with a penalty amount set by the county, typically ranging from $5,000 to $10,000. The bond cost is usually around $100.
Who needs a Florida contractors license bond?
Contractors in the state of Florida are required to obtain a contractors license bond before obtaining a permit to perform construction work.
What is an Orange County contractor surety bond?
An Orange County contractor surety bond is a type of surety bond required for contractors operating in Orange County, Florida. It provides financial protection and guarantees that the contractor will fulfill the terms of their contract.
Do I need a bond for a construction project in Orange County?
Yes, you need a contractor bond for a construction project in Orange County, Florida. The required bond amount is typically $5,000.
What is the purpose of a Florida contractors license bond?
The purpose of a Florida contractors license bond is to provide financial protection for homeowners and businesses against any unethical or improper practices by the licensed contractor.
What is the bond amount for Florida contractors?
The bond amount for Florida contractors typically ranges from $1,000 to $10,000, with the cost of the bond around $100 for a 2-year term.
How long does it take to get a Florida contractors license bond?
The time it takes to get a Florida contractors license bond is usually same-day delivery, with most Florida contractor bonds costing around $100 and being available for purchase.
What is the cost of a contractor bond in Orange County?
The cost of a contractor bond in Orange County, Florida varies. Contractors in Orange County may be required to obtain a surety bond, with the bond amount typically ranging from $5,000 to $10,000.
What is the purpose of a contractor surety bond?
The purpose of a contractor surety bond is to provide financial protection and assurance that the contractor will fulfill the terms of their contract in accordance with applicable laws and regulations.
What paperwork is needed for Florida contractor bonds?
The paperwork needed for Florida contractor bonds typically includes a completed application, financial statements, and a copy of the contractor's license. The specific requirements may vary depending on the type of bond and the location.
How often must I renew my contractor bond?
Contractor bonds in Florida typically need to be renewed annually or every two years, depending on the specific requirements of the city or county where the contractor is operating.
Are Orange County bonds applicable statewide in Florida?
Orange County bonds are specific to the jurisdiction of Orange County, Florida, and are not applicable statewide across the entire state of Florida.
What happens if a contractor bond expires?
If a contractor bond expires, the contractor may no longer be able to obtain permits or work on projects that require a valid bond. The contractor's ability to operate may be impacted until a new bond is secured.
Can contractors work without a license bond?
Contractors generally cannot work without a license bond. Most states and local jurisdictions require contractors to obtain a license bond before they can legally operate in that area.
What risks do contractor bonds cover?
Contractor bonds cover the risks of a contractor's failure to complete a project or comply with applicable laws and regulations, protecting the project owner from financial losses.
How does credit affect obtaining contractor bonds?
An applicant's credit history is a significant factor in obtaining contractor bonds. A good credit score demonstrates financial responsibility and increases the likelihood of securing a bond.
What penalties exist for bond violations?
The penalties for bond violations typically include forfeiture of the bond amount, legal action, and potential suspension or revocation of licenses or permits.
surety bonds winter park fl, auburndale construction bond, fl contractor license and bond, florida contractor license bond, fl contractors license bond, florida surety bond for contractor licenses, florida contractor license bonds, orange county contractor surety bond, polk county contractor license bond, fl contractor license bonds, fl surety bond for contractor licenses, fl contractor license bond, contractor license bond florida, electrical contractor surety bond, contractor surety bond, florida licensing and bonds for contractors, florida surety bond, contract bond insurance miami fl, surety bond for contractors, winter park florida contractor license bond, hillsborough county florida contractor license bond, orange county florida contractor license bond
Understanding Florida Contractor Bonds
Florida requires contractors to obtain surety bonds before obtaining permits for their projects. The bond penalty can range from $1,000 to $10,000, with the cost typically around $100 for a 2-year bond purchase. Contractors will not pay a prorated amount if they purchase the bond mid-year.
These bonds provide protection for the state, municipality, or county against any potential issues or liabilities that may arise from the contractor's work. Obtaining the appropriate bond is crucial for contractors to legally operate in Florida.
Navigating the Variety of Florida Contractor Bonds
Florida has a wide range of contractor bond requirements, depending on the specific city, county, or state regulations. The article provides a comprehensive list of the different bond types and their corresponding penalties, including bonds for on-site sewage disposal, right-of-way, licenses, and more.
Contractors can easily find the bond they need for their project by contacting the Single Source Surety team, who can assist in identifying the appropriate bond and facilitate the same-day delivery of the bond upon payment.
