A Private Educational Institution Bond is required for businesses that operate schools or educational programs in Florida. This bond protects students and their families by ensuring the school follows state education laws and regulations. If a school fails to deliver promised educational services, operates dishonestly…
Overview
What it is.
A Private Educational Institution Bond is required for businesses that operate schools or educational programs in Florida. This bond protects students and their families by ensuring the school follows state education laws and regulations. If a school fails to deliver promised educational services, operates dishonestly…
Who usually needs it
Private educational institutions in Florida that participate in state-funded scholarship programs (such as McKay or FTC scholarships) must obtain this bond, particularly if they have operated for fewer than 3 school years. The bond is required to ensure compliance with Florida Statutes and the Florida K-20 Education Code, protecting students and families fr…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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 amountVaries by license type or projectObligeeState of FloridaBond classLicense BondCategoryOtherBondPrivate Educational Institution BondPlain descriptionA Private Educational Institution Bond is required for businesses that operate schools or educational programs in Florida. This bond protects students and their families by ensuring the school follows state education la…Who needs this bondPrivate educational institutions in Florida that participate in state-funded scholarship programs (such as McKay or FTC scholarships) must obtain this bond, particularly if they have operated for fewer than 3 school yea…
