Florida Department of Agriculture and Consumer Services requires each licensed Agriculture Dealer to provide evidence of bonding which shall not be less than $5,000 but not more than $100,000 in order to receive and maintain their license. The required amount of the surety bond will be equal to twice the amount of the business transacted during the month in which the maximum volume of agricultural products were bought or handled by the dealer in any manner. Agricultural product dealers that pay for products in any manner other than cash, are required to maintain this bond. The State of Florida Agricultural Dealer Bond renews on an annual basis.
Agriculture Product Dealer surety bonds are underwritten and approved based upon the owner of the company’s personal credit score. Most of our surety companies/carriers utilize a “soft pull” therefore it typically will not affect your personal credit score.
Business owners with a personal credit score over 680, typically pay in the 1% range annually. If your personal credit score is low, we can still get you bonded at a great price. We are licensed with over 60 surety companies allowing us to offer the most competitive premiums!
We are Agriculture Product Dealer Bond experts and we can make sure you are in compliance with your state required bonding, in most cases, the same day.
Apply below, call our Commercial Department at 407-786-7770 or email us at CommercialBonding@floridasuretybonds.com
