Platinum Bonds Insurance Agency
Research before you apply.Financially Responsible Officer Bond
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
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BBB A+ AccreditedView the agency profileFinancially Responsible Officer Bond
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.
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 $500,000 (or $1,000,000 for plans holding employer securities). Specialized application required.
Your quote determines the actual premium.Specialized application — typically 1–3 business days
Timing can change when underwriting needs more information.Confirm the bond and provide applicant and business details.
See the terms and premium before deciding to continue.
Complete the required payment and signatures.
Get the issued bond and filing or delivery instructions.
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