Common Types of Florida Business Bonding Insurance

In the state of Florida, there are many different and common types of Florida business bonding insurance.  And Florida surety bonds are not only important for your own protection, but are also typically required for various types of official licenses so that you can conduct your business and provide your service to begin with.

Use this quick guide to learn more about different Florida surety bonds and what else you may need to know about obtaining a surety bond in Florida.

A few of the core classifications of Florida business bonding insurance to keep in mind include: license and permit bonds for contractors and professional services, public official bonds, probate and/or court bonds, Florida surety bonds for payment guarantees, and also, contract performance bonds, which cover contract bidding, performance, and payment.

Clearly that’s a wide range of different circumstances or varieties. However, it doesn’t end there, either. Of course, there are many sub-classes and categories for Florida surety bonds. For example, within the realm of Florida auto dealer surety bonds, there are six different types of dealer licenses or statuses, each with their own bonding requirements.

It can be confusing for many people to sort through, and many prospective business owners or current managers don’t know where to turn for more information. But not having the right surety bond in Florida can be a costly mistake, both for you and your business.

At ACI, we specialize in providing affordable Florida business bonding insurance services. If you have any questions, or you want to get your business fully set up with the proper surety bond in Florida and associated paperwork, then contact us today by calling 407.889.2612.

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