What is a Florida Construction License Bond?
Florida State Treasurer has a need for construction license bonds to make sure that the licensee pays all of their taxes and keeps accurate records. Licensees are also insured against any possible malfeasance by filing this bond, which operates as both collateral and an indemnity in case they fail to meet requirements set forth by Florida law. If such is the event, then claimants may file claims on these licenses with no fear of financial loss! The surety will provide the amount of coverage up to a certain limit and pay out any claims after that. The company is then responsible for reimbursing them for what they have paid out.
Need a Florida Construction License Bond?
It is important to understand the requirements for a construction license bond before you start your project. Swiftbonds provides information on what type of license bond you need and how to get it.
Get started today by filling out this form! You will receive a quote within 24 hours and if approved, your bond will be issued immediately so you can get back to work on time! It doesn't matter what type of project it is – residential or commercial – we've got the perfect bond for you!
Click here now to fill out our application form!
How does a Construction License Bond work?
A construction bond guarantees that if the principal fails to fulfil their obligations, then the surety will take on these responsibilities. If you are contemplating a project and unsure of your ability to complete it, look into getting a construction bond for peace of mind! Read a Escambia County, FL-Road Restoration Permit ($10,000) Bond.
Why is the Florida Construction License Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. See a Sarasota, FL-Manufacturing Septic Tanks ($5,000) Bond.
How much does a Florida Construction License Bond cost?
Florida Construction License Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes. Get a Sarasota, FL-Septic Repair and Install ($5,000) Bond.
Can I get a Florida Construction License Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds.
How to get your Florida Construction License Bond?
Would you like to know the first step in getting your Florida Construction License Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Have a St. Johns County, FL-Contractor License ($3,000) Bond.