What is a State of Florida Air Conditioning Contractor Bond?
The State of Florida’s air conditioning contractor bond requires air conditioning contractor applicants to establish that they are both financially responsible and financially stable prior to issuance of their licenses.
Who needs this bond?
License applicants without a 660 FICO derived credit score at the time of the application may establish financial responsibility by obtaining an air conditioning contractor bond.
What is the amount of the bond?
The amount of the bond depends on the type of license sought. Division I applicants’ bonds will be in the amount of $20,000 while Division II applicants’ bonds will be in the amount of $10,000. These amounts may be reduced to $10,000 for Division I applicants and $5,000 for Division II applicants by completing a board approved financial responsibility course.
Colonial offers the direct and digital way to obtain an air conditioning contractor bond. We are the insurance company — which means no agent, no broker, and no middleman. The steps are easy — get a quote online, fill out your information, and enter your payment method. Your bond will be ready for print instantly. It’s that simple!
What does the bond cost?
An air conditioning contractor bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the State of Florida Construction Industry Licensing Board.
Does it matter where I get the bond?
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain an air conditioning contractor bond when you deal directly with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.