A Financially Responsible Officer Bond ( “FRO” Bond) is required by the Florida Construction Industry Licensing Board (CILB) when the Financially Responsible Officer takes on the financial responsibility and is responsible for all financial aspects of the business organization and is not designated as the Primary Qualifying Agent. The Financially Responsible Officer Bond is also known as the FRO Bond. This surety bond ensures the financially responsible officer conducts all duties faithfully and honestly. State laws transfer the liability of the license holder onto all owners/ partners equally in the case where the Licensee/Primary Qualifying Agent is different than the Business Owner. To learn more visit the Florida Department of Business Professional Regulation website.
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What happens after I apply online for my Surety Bond?
Step #1: A Surety Bond underwriter will immediately review your application, if it has been fully completed.
Step #2: A friendly Surety Bond expert will reach out to you to explain your quote or request additional information.
Step #3: Once you accept your quote and pay any premium due, your Surety Bond will be issued and delivered immediately.