FOR ALL YOUR SURETY BOND NEEDS.
A Florida surety bond guarantees principal owners and the public that services will be performed with excellence and security. Florida legally requires a variety of contractors and organizations to secure bonds to conduct business across the public service industry. Single Source Insurance is a leading Florida bonding company. Apply easily online and take advantage of lowest rates. Browse the most common types of FL surety bonds, or contact us for a full list.
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The state of Florida requires those opening or operating a title insurance agency within the state to secure a title agency bond and a fidelity bond. These bonds are�necessary to receive a title agency license, and secure that the owner will operate within the government regulations.
Generally the Florida State Department of insurance requires a $35,000 title insurance agency bond and a $50,000 fidelity surety bond. These must be made payable to the title insurer or the title insurer company. The actual cost of these bonds are a percentage of the bond amount that varies depending on credit. �For additional information, please see the�State of Florida website.
Single Source Insurance Bonds can help you apply and purchase both bond types at once. Download the PDF at the left, make sure you complete the application in its entirety, and email or fax it back to us for quotes. �Please make sure to sign the bottom left of the first page. �Once received, we will provide you a quote as quickly as 24 business hours.
In addition to the surety and fidelity bond needed to obtain your title agency license, you will also need to purchase E&O insurance (Errors & Omission insurance) in the amount of no less than $250,000 per claim and an aggregate limit with a deductible of no greater than $10,000. �If you need assistance with your E&O insurance, Single Source Insurance can certainly help you.
Contact an Single Source Insurance Bond’s Representative to get started!
