Surety Bonds for Florida Businesses and Contractors

Bid, performance, payment, and liquor license bonds. We work with leading surety providers to get you bonded quickly and at a competitive rate.

A surety bond is a financial guarantee that your business will follow the laws, regulations, and contract terms that apply to it. It protects the public, government agencies, and your clients, and if the bonded business falls short, a claim can be made against the bond. Most of our clients need one because a licensing board or a project owner is requiring it before they can move forward.

Coverage We Offer

  • Contract Bonds
  • Bid Bonds
  • Performance Bonds
  • Payment Bonds
  • Liquor License Bonds
  • License and Permit Bonds

Common Surety Bond Questions

These are the three contract bonds you will run into most often. A bid bond guarantees that you will honor your bid and enter into the contract if you are selected. A performance bond guarantees that you will complete the project according to the contract specifications. A payment bond guarantees that your subcontractors, suppliers, and laborers get paid for their work and materials. Contract bonds are commonly required on public works projects and on many private construction contracts.

State or local licensing authorities often require one before a business can obtain or maintain a liquor license. The bond guarantees that the business will comply with all alcoholic beverage laws and regulations, pay required taxes, fees, and penalties, and operate in accordance with its licensing requirements. Restaurants, bars, nightclubs, liquor stores, and other establishments that serve alcohol may be required to carry one. Note that it protects the government and the public, not the business owner.

No. Insurance protects your business. A surety bond protects whoever required it, usually a licensing board or a project owner. If a claim is paid, the surety collects that money back from you.

You pay a percentage of the bond amount, not the full amount, so a $50,000 bond does not cost $50,000. The percentage depends mostly on credit and business financials. Small license bonds are often a flat annual rate.

Get a Surety Bond Quote

Tell us what the bond is for and who is requiring it. Call us at (786) 332-5602, or fill out the form to speak with a qualified agent today.

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