What is a surety bond?

A surety bond is a three-party agreement where a surety company guarantees to a third party (the obligee) that the bonded party (the principal) will perform a specific obligation. Unlike insurance, which protects the insured, a surety bond protects the obligee. If the bonded party fails to perform, the surety pays the obligee and then seeks reimbursement from the bonded party. Surety is a credit product more than an insurance product.

What kinds of bonds does Hendrickson Insurance write in Florida?

Florida contractor license bonds, performance bonds, payment bonds, court bonds (probate, appeal, guardianship), notary bonds, fidelity bonds, fiduciary bonds, motor vehicle dealer bonds, and other commercial surety bonds typically required for Florida licensing or contracts.

How do I quote a Florida surety bond?

Call 941-952-7991. Surety underwriting depends on personal and business credit, financial statements, work in progress (for contractors), and the specific bond required. Most license and notary bonds are credit-based and quote quickly; performance bonds require more documentation.

Surety Bonds. Commercial Liability

Florida surety bonds,
for license, court, and contract.

Florida surety bonds for contractor licensing, performance, payment, court, notary, and other commercial bond needs. Surety is different from insurance: a three-party agreement guaranteeing performance to a third party. Hendrickson Insurance places surety through bonding companies and specialty surety markets for Florida businesses across Sarasota, Bradenton, Tampa, St. Petersburg, Clearwater, Venice, and Lakewood Ranch.

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Florida Bond Types

Which bond do you need?

Contractor License Bonds

Required for licensing as a Florida general contractor, electrical contractor, plumbing contractor, roofing contractor, and other regulated trades. Typically $5K to $25K bond amounts.

Performance & Payment Bonds

Required on most public construction contracts and many private commercial contracts. Performance bond guarantees project completion; payment bond guarantees subcontractor and supplier payment.

Court Bonds

Probate bonds, executor/administrator bonds, guardianship bonds, appeal bonds, and other Florida court-required bonds. Often filed by attorneys but written by insurance agents.

Notary Bonds

Required for all Florida notary public commissions. $7,500 bond plus E&O coverage typically required. Inexpensive and quick to place.

Motor Vehicle Dealer Bonds

Required for Florida licensed auto dealers and salvage dealers. $25K to $50K bond amounts depending on dealer classification.

Specialty Commercial Bonds

Customs bonds, ERISA bonds, fidelity bonds, lost instrument bonds, and other specialty surety needs.

Coming Soon

Per-bond detail and underwriting guidance coming soon.

Expanded content covering Florida contractor licensing tiers, performance bond rates by class, court bond filing procedures, and specialty bond markets is coming. In the meantime, call 941-952-7991 with the specific bond required and we will place it.

Florida surety bonds,for license, court, and contract.

Which bond do you need?

Per-bond detail and underwriting guidance coming soon.

You may also need.

Florida surety bonds,
for license, court, and contract.