Electrical, alarm, or specialty contractor applicants whose FICO-derived credit score is below 660. Required when: Required as a condition of licensure when the applicant fails to demonstrate financial responsibility through a minimum credit score. Exemptions: Applicants with a FICO credit score of 660 or higher are e…
Overview
What it is.
Electrical, alarm, or specialty contractor applicants whose FICO-derived credit score is below 660. Required when: Required as a condition of licensure when the applicant fails to demonstrate financial responsibility through a minimum credit score. Exemptions: Applicants with a FICO credit score of 660 or higher are e…
Who usually needs it
Electrical, alarm, or specialty contractor applicants whose FICO-derived credit score is below 660.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateFLBond amount$10,000Term lengthContinuousObligeeFlorida Electrical Contractors' Licensing Board (Department of Business and Professional Regulation)RenewalThe bond must be maintained until the licensee provides a credit report showing a FICO score of 660 or higher.Bond classMiscellaneous CommercialCategoryConstructionBondFinancial Responsibility BondStatutory referenceSection 489.515, Florida Statutes; Rule 61G6-5.004, Florida Administrative CodeJurisdictionState
