The Financially Responsible Officer Surety Bond or FRO Bond is required of individuals who would like to assume the financial responsibility obligation for a construction firm. The State of Florida has set the surety bond amount to $100,000 unless you are grandfathered in under the former $50,000 requirement. However, your Financially Responsible Officer Surety Bond must have been place prior to February 1st, 2007 in order to qualify for the $50,000 amount.
DBL Surety has access to multiple surety bond companies which offer very competitive rates for the FRO Surety Bond. Although the standard rate is 2%, lower rates are available for well qualified applicants. We also offer Financially Responsible Officer or FRO surety bonding solutions for those individuals with bad or challenged credit! Most surety bond applications are approved and issued the same day.
Please download our application by visiting http://www.dblsurety.com/