What Is a Florida Financially Responsible Officer Bond?
Florida financially responsible officer (FRO) surety bonds ensure that construction company financial officers:
- Make all payments due to the State Treasurer,
- Accurately maintain books/records, and
- Make reports per the Florida Department of Business and Professional Regulation (DBPR) regulations and federal laws.
How Much Does a Florida Financially Responsible Officer Bond Cost?
Financially responsible officers in Florida need to file a $100,000 surety bond. With SuretyBonds.com, you can get your bond instantly online for just $1,000. No application or credit check required!
How Does a Florida FRO Bond Work?
A financially responsible officer bond binds three parties in a legal contract:
- Principal: The financially responsible officer purchasing the bond
- Surety: The provider issuing the bond to the principal
- Obligee: The Florida DBPR requiring the bond
If an FRO breaks the contract terms, the surety bond protects harmed parties from financial loss up to the full $100,000 bond amount.
How Do I Get a Financially Responsible Officer Bond in Florida?
You can get your Florida FRO bond instantly online 24/7 with SuretyBonds.com. Once you purchase, you’ll receive a digital copy of your bond in minutes and your official bond form in the mail.
If you’re in a rush to receive your physical bond document, we offer next-day and overnight shipping options.
How to Become a Financially Responsible Officer in Florida?
To become a licensed FRO for a construction company in Florida, complete the following steps:
- Complete the state license application
- Pay the $200 application fee
- File a $100,000 surety bond
- Provide proof of satisfaction of liens, judgments and discharge of bankruptcy, if applicable
- Submit electronic fingerprints
Take the first step by purchasing the surety bond you need today!
