Individuals designated as the Financially Responsible Officer (FRO) for a construction company licensed in Florida must obtain this $100,000 bond, particularly when they are not licensed contractors themselves. The FRO is responsible for handling the company's financial matters, signing financial documents and contracts, and ensuring regulatory compliance.
Pricing & timing
What to expect.
Generic pricing
Fidelity bonds protect against employee dishonesty and theft. Typical Pricing:. • Standard coverage: Premiums commonly based on coverage amount and number of employees. • ERISA bonds: Matrix pricing based on plan assets — often starting around $100–$300 per year for smaller plans. • Employee dishonesty bonds: Rates vary by coverage level and employee count. ERISA fidelity bonds are required for employee benefit plan fiduciaries. Coverage must equal at least 10% of plan assets handled, up to…
Typical timeframe
Specialized application — typically 1–3 business days
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$100,000ObligeeFlorida Construction Industry Licensing BoardBond classFidelity BondCategoryOtherBondFinancially Responsible Officer Bond (FRO)Plain descriptionFinancially Responsible Officer BondWho needs this bondIndividuals designated as the Financially Responsible Officer (FRO) for a construction company licensed in Florida must obtain this $100,000 bond, particularly when they are not licensed contractors themselves. The FRO …
