Florida contractors must provide a Florida contractor license bond in order to obtain a contractor license. The bond requirement is $20,000. Many Florida contractors have found it difficult to obtain the required bond because of the Board’s subjective requirement that the applicant have a FICO (credit) score of 660 or higher. Relief is available! If the contractor applicant completes a Board approved ‘financial responsibility course’, the Board may reduce the required bond to $5,000 or $10,000, depending on the contractor’s license Division. Click here for a list of approved schools! Miami surety leader, Surety One, Inc. is happy to provide these surety bonds to all applicants regardless of credit condition. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for further information or for a Florida contractor bond application.
