Financially Responsible Officers are required by the Florida Department of Business and Professional Regulation to insure financial obligations resulting from construction work. The bond is payable to the Construction Industry Licensing Board, in the amount of $100,000.
If you were previously registered as a Financially Responsible Officer prior to February 1, 2007, you will only be required to renew your existing $50,000 bond, unless you decide to submit a new application or updated bond.
If you’ve ever wondered about the necessity for construction industry bonding in Florida, it’s important to know that there are many different types of construction industry bonds you might need to apply to, depending on your exact situation.
Florida Department of Business and Professional Regulation administers these bonds in compliance with state law. The Financially Responsible Officer bond is payable to the Construction Industry Licensing Board.
Bob Barra Bonds in Coral Springs Florida can handle all of your bonding needs.