Florida Contractors License Bond

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Bond Penalty: $10,000 or $20,000 (can reduce on completion of financial responsibility course)

A Florida contractor license bond is required of a construction contractor applicants if he or she cannot evidence a certain financially stability rating. The Construction Industry Licensing Board is the division of the Department of Business Regulation that reviews applicants and issues licenses. The Board, for the purposes of contractor licensing will assume an applicant financially responsible and stable and waive the Florida contractor bond requirement if:

  • There are no unsatisfied liens against the applicant.
  • There are no unsatisfied judgments against the applicant.
  • Applicant has a 660 FICO derived credit score or higher.

If the three preceding conditions are not met then a license applicant may BECOME eligible by offering a Florida contractor's license bond in a form and in the amount required by the Board for the license class for which he or she is applying. As per the Board's published directives, each applicant must submit a personal credit report and a credit report for the business he or she intends to qualify if any. The credit report must be from a nationally recognized credit reporting agency and indicate that all records have been searched at federal and state levels. The credit report must not show any unsatisfied liens or judgments against the applicant or the applicant's company. The consumer credit report must also include the applicant's credit score and must indicate that the credit score is a FICO or Beacon score. If an applicant's credit score is less than 660, then a Florida contractor license bond will be required. The Board divides construction contractor licenses into two classes called Divisions. Each Division covers a specific type of contracting and its appropriate surety bond. First Division contractors engage in work defined under Sections (a) through (c) of §489.105. These licensees are GCs, building contractors and residential contractors. This class requires a Florida Division I contractor bond in the amount of $20,000. The Second Division consists of specialty contractors defined under Sections (d) through (q) of the same statute. These licensees include sheet metal experts, roofers, HVAC, etc. This class requires a Florida Division II contractor bond in the amount of $10,000.

Because of the difficulty in obtaining surety support and other factors considered by the Board, a contractor can request and be granted a REDUCTION in the amount of bond required under the "660 bond" mandate. A contractor candidate may attend a financial responsibility course given by an approved training provider. Doing so effectively reduces the amount of the Florida contractor bond by HALF. You may review a list of the approved providers by clicking here.

Auburndale Contractor Bond
City of Cape Coral Registered Contractor's License Bond
Dundee Contractor Bond
Fort Meade Contractor Bond
Gainesville Contractor Bond
Haines City Contractor Bond
Hillsborough County Contractor's Code Compliance Bond
Kissimmee Contractor Bond
Lake Alfred Contractor Bond
Lake County Contractor Bond
Orange County Performance Bond
Orlando Contractor's Bond
Osceola County Contractor's Bond
Palm Beach County Contractor License Bond
Panama City Air Conditioning and Refrigeration Contractor Bond
Panama City Contractor and Builder Bond
Panama City Master Mechanical Contractor Bond
Panama City Mechanical Contractor Bond
Pasco County Contractor Bond
Pasco County Contractor Bond
Polk County Contractor Bond
Sanford Licensing and Permit Compliance Bond (outside of city)
Sanford Licensing and Permit Compliance Bond (within city)
Winter Haven Contractor Bond

Florida surety bond leader, Surety One, Inc. focuses on supporting the bonding needs of the heavy industrial and construction contracting sectors. We offer this class of bond to all contractors in every state where they are required. Call (800) 373-2804, email Underwriting@SuretyOne.com or click here to live chat about a Florida contractor license bond application or information about any surety need. Recuérde que también asesoramos en SU idioma, así que comuníquese con nosotros, SU compañía afianzadora preferida para esta fianza y otras!

Surety bond application review and quoting are free of charge. There is no obligation to purchase.