What is a State of Florida Alcohol Beverages and Tobacco Bond?
The State of Florida’s alcohol beverages and tobacco bond requires bonding to ensure legal compliance by those involved in the manufacture, distribution, and bonded warehousing of alcohol and tobacco products with required state taxes and laws.
Who needs this bond?
Those involved in the business of manufacture, distribution, and bonded warehousing of alcoholic beverages and tobacco products must purchase this bond to ensure compliance with applicable state laws.
What is the amount of the bond?
The amount of the bond required depends on the type of business involved in. Alcohol manufacturers must purchase a surety bond in the amount ranging from $5,000-25,000 depending on the type of product manufactured. Alcohol distributors’ surety bond amounts range from $25,000-100,000. Alcohol importers and brokers/agents are not required to purchase a surety bond, but bonded alcoholic warehouses are required to purchase a $5,000 surety bond.
For those involved in cigarette distribution, bonds range from $2,000 to an unlimited amount. There is no cap imposed by the state of Florida on this bond amount. Tobacco distributors have an unlimited amount as well, with no floor either.
Colonial offers the direct and digital way to obtain an alcohol beverage and tobacco 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 alcohol beverage and tobacco bond are 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 Division of Alcoholic Beverages and Tobacco.
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 alcohol beverage and tobacco 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.