To be licensed and legally operate in Florida, contractors must meet certain financial responsibility requirements set by the state's Construction Industries Licensing Board (CILB). One way to satisfy these criteria is for contractors with a FICO credit score below 660 to post a surety bond. If the contractor violates licensing regulations, the surety bond will financially compensate anyone who is harmed. This protects the public from any potential losses.
We can help you get the bond you need. We have a variety of bonds available, so we can find the right one for your business.
Get the peace of mind that comes with knowing your business is fully compliant with all laws or rules and regulations.
Surety bonds are an important part of ensuring compliance and financial stability. They're required in all 50 states to guarantee that companies will follow their licensing or permitting requirements across a wide variety of industries, professions, etcetera. The business demonstrates its commitment both financially as well as ethically by providing proof it can uphold these standards. Need a Pasco County, FL-Roofing Contractor ($5,000) Bond.
Surety bonds are a great way to provide financial guarantees that contracts and other business deals will be completed according to mutual terms. They protect consumers from fraud, malpractice, or any other breach of their agreement with the company that issues them; when this occurs one party can claim your surety bond for you (the principal) to fulfill damages caused by breaking those promises! Have a Pasco County, FL-Class A Air Conditioning Contractor ($5,000) Bond.
Surety bond costs can vary by location and the requirements outline how large a surety's commitment to pay out in claims, meaning they will charge different premiums based on an individual’s credit scores or financial history.
While it may seem like a bad credit score means the end of your dreams, you don't have to give up on getting bonded! Axcess-Surety can help even if your circumstances are adverse. We know that many people who fall into these types of debt include medical expenses or bankruptcies among others so we provide options for everyone with our strong commitment to helping all individuals or companies succeed. Get a Pasco County, FL-Class B Air Conditioning Contractor ($5,000) Bond.
Obtaining a surety bond is quick and easy with an online application. The company will ask for information about your personal, professional, or financial background but once you receive the quote they can make it effective in the as little time frame required! See a Osceola County, FL-Sheet Metal Limited ($5,000) Bond.