License & Permit Bond

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LICENSE & PERMIT BONDS:

License and Permit Surety Bonds are types of commercial surety bonds which are normally required by states and municipalities in order to obtain a license in a given industry. They seek to ensure that a licensed entity or business will perform its work according to a specific state statute or statutes which govern or regulate an industry. The state or federal entity will require a bond to go along with the license, so many types of individuals and businesses need this type of bond in order to operate. If the licensee fails to uphold the terms of his license, he or she may lose such license and face a possible claim or claims on their License Bond. If a claim is filed on the License Bond, the Surety will generally investigate it in detail prior to payment of any such claim. If it is determined to be a legitimate claim, the Surety will pay the claim as required. The Surety will then require the principal to reimburse them in the amount paid as well as legal fees incurred in the process.

Typically, a license & permit bond that is required by a municipality in order to do work there are approved & processed within 24 hour

Municipality Bond Amount
Hernando County $5,000
Hillsborough $5,000
Kissimmee $5,000
Lake County $5,000
Orange County $5,000 or $10,000
Orlando $5,000 or $10,000
Palm Beach County $2,000
Sanford $1,000
Winter Haven $5,000 or $10,000
Winter Park $5,000 or $10,000
Bond Premium (one year): $100.00
Bond Premium (two years): $175.00
Premium discounted by 25% if you pay for 2 years up front

PROCESS SERVER BOND:

Municipality Bond Amount Premium
Seminole County $5,000 $101.30
Pasco County $5,000 $101.30
Lake County $5,000 $101.30
Orange County $5,000 $101.30

 

If you need a bond for a municipality that’s not listed, please fill out the form below & call us for a quote.

The undersigned hereby declare that the statements made herein are true and correct, and are made to induce the Surety to execute, renew or continue a bond or bonds (hereinafter referred to as the ''Bonds"). In consideration of the execution, renewal or continuation by the Surety of the Bonds, the Undersigned, jointly and severally, agree as follows: To pay the premium for the first year and annually in advance thereafter as long as liability shall continue under the Bonds, or any continuation or renewal thereof, or substitute therefore; To indemnify the Surety against all loss, liability, costs, damages, attorney's fees and expenses whatever, which the Surety may sustain or incur by reason of executing the Bonds, in making any investigation on account thereof, in prosecuting or defending any action which may be brought in connection therewith, in obtaining a release there from, and in enforcing any of the agreements herein contained; That the Surety shall have the right, and is hereby authorized, to investigate, adjust, settle or compromise any claim, demand, suit or judgment upon the Bonds; To deposit with the Surety, upon demand, an amount sufficient to discharge any claim on the Bonds; To waive, and here does waive, all right to claim any property, including homestead, exempt from levy, execution, sale or other legal process under the law of any state or states; That the Surety shall be under no obligation to execute, renew or continue any bond, and shall have the absolute right to cancel the Bonds, or any of them, in accordance with any cancellation provision contained therein, or to procure its release from any bond under any law for the release of sureties, and Surety is hereby released from any damage that may be sustained by the undersigned by reason of such cancellation or release; The Undersigneds' obligations under this Agreement may only be terminated by sending written notice to the Surety. Such notice shall be effective twenty (20) days after receipt of the notice of termination, but in no event shall such notice operate to modify, bar, or discharge the Undersigneds as to the Bonds that may have been executed before the effective date of termination; That this Agreement shall be binding upon the Undersigned and each of them whether signing as applicant for the bond or as indemnitor, and upon their respective heirs, executors, administrators, successors and assigns, and shall be liberally construed as against the Undersigned.