Florida Code requires any person or business who is a seller or promoter of travel related services to register annually with the Department of Consumer Services. Unless exempt, sellers of travel are required to provide proof of assurance in the form of Florida seller of travel bond in an amount not to exceed $25,000, or a $50,000 surety bond if vacation certificates are sold. The bond is a strict guarantee that the seller will provide the services (travel package) contracted for. Multiple breaches and/or complaints can quickly cause losses to accumulate, which makes this bond unattractive to many surety companies.
The Florida seller of travel surety bond is required by all registrants unless the the applicant falls under the Airline Reporting Corporation (ARC) exemption AND the Florida Department of Agriculture and Consumer Services (FDACS) has approved an exemption. The FDACS may allow a registrant to post a lesser amount however the general rules are:
The commercial surety bond class is made up of simple, transactional bonds that do NOT contain contract performance guarantees. License and permit bonds, public official bonds, court bonds and miscellaneous surety bonds are the major categories of this class. A seller of travel bond requires only a completed application to underwrite unless the operator has filed bankruptcy or had regulatory action taken against him/her by the Florida Department of Agriculture and Consumer Services. Commercial surety bonds are essentially unsecured credit instruments therefore personal credit is an important factor in certain underwriting and rating decisions. We offer non-standard program access to applicants that may have damaged credit or may not have had the opportunity to develop a consumer credit history. We decline no application, but rather offer terms that fit each applicant. Tal como detallado arriba, no rechazamos NINGUN PEDIDO. Le ofertamos una fianza IRRESPETIVO de su estado crediticio o fortaleza de sus estados financieros. Somos el líder del ámbito afianzador.
Florida surety bond broker, SuretyOne.com is a specialist in the bonding and commercial crime policy needs of travel industry. Questions about this surety bond? Call us at (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for live chat. A Florida seller of travel surety bond is quick, easy and issued same-day.
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Surety bond application review and quoting are free of charge. There is no obligation to purchase.