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Florida Financially Responsible Officer Bond

Florida Financially Responsible Officer Bond

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Who Requires the Financially Responsible Officer Bond and Why Is It Needed?

A Financially Responsible Officer Bond is a type of surety bond required for those authorized to conduct business under Chapter 455, Florida Statutes. The surety bond is typically in a coverage amount of $100,000 and its payable to the Florida Construction Industry Licensing Board for fines and costs pursuant to Rule 61G4-15.0021, Florida Administrative Code. The surety bond designates a certain individual to be held responsible for lawful and ethical accounting, reporting and other fiduciary responsibilities required of the organization. Certain contractors may also need to furnish Construction License Bond with the Florida Construction License Board to meet certain financial responsibility requirements.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Florida Financially Responsible Officer Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The purpose of the Financially Responsible Officer Bond is to ensure payment of fines and costs pursuant to Rule 61G4-15.0021, Florida Administrative Code. This surety bond guarantees payments to the State Treasurer of the State of Florida as required by all laws of the State of Florida Business and Professional Regulation. The surety bond also ensures faithful and accurate bookkeeping, record keeping, lawful reporting, and business conduct as it pertains to the laws and rules of the Florida Department of Business and Professional Regulation.

What is Needed to Obtain My License or Registration?

Licensing Requirements for the State of Florida Department of Business and Professional Regulation Construction Industry Licensing Board Application for Financially Responsible Officer:

  • Complete Sections III-VIII application (Form # DBPR CILB 8)
  • Pay required fees for Financially Responsible Officer application
  • Provide a credit report on applicant from a nationally recognized credit reporting agency, which includes a public records statement that records have been checked at local, state, and federal levels. 
  • Furnish a Bond for Financially Responsible Officer as described above
  • Submit proof of satisfaction of any liens, judgments, and discharge of bankruptcy
  • Provide electronic fingerprints for applicant
  • Include any supporting legal documentation, if necessary




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