Smith Insurance & Bonds Improves Florida Financially Responsible Officer Surety Bonds Application Process

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www.flsuretybonds.com

Fort Myers, FL (PRWEB) June 21, 2012

Smith Insurance & Bonds provides surety bonds to contractors and other applications that are required by the State of Florida, Florida counties, cities, and other municipalities. By purchasing direct from Smith Insurance & Bonds, these applicants benefit by discounted pricing and exceptional service and an easy application process.

One popular bond required by the State of Florida, specifically the Construction Industry Licensing Board is the $100,000 Florida Financially Responsible Officer Surety Bond. This bond is required when the licensed qualifier for a business chooses to not act as the financially responsible officer of the company. Specifically, the Florida Financially Responsible Officer Surety Bond guarantees to the CILB that the company will follow the rules and regulations set forth by the State of Florida.

Standard rate for the Florida Financially Responsible Officer Surety Bond is 2% of the bond penalty of $100,000, renewable annually. For applicants with less than perfect credit, the Smith Insurance & Bonds program offers the ability for applicants to provide a co-signer. For example, if the FRO Surety Bond applicant has less than perfect credit, but there is another officer in the company who is active and has good credit, our program offers a co-signer situation, often times at the same 2% rate. Meaning, the co-applicants credit will be evaluated in determining the bondability of the situation and once approved, the bond will be executed and delivered via next day air.

For more information on obtaining the Florida surety bond, contact our office via phone 866.976.2185 or visit our website: http://www.flsuretybonds.com. Often times, the bond can be approved after a brief phone call. This is the information we will need.

Smith Insurance & Bonds is an independent insurance and surety bond agency based in Ft Myers, FL., specializing in the placement of contract (bid, performance and payment) bonds as well as commercial surety and insurance products.

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