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The state of Florida has enacted new legislation that broadens the exclusion concerning commercial insurance and filing requirements. The new law, which is named SB 99, exempts surety from the rate filing requirements; but keep in mind that surety is different from traditional insurance; also affected is burglary and theft.
Comments (2)
Category: Commercial Bonds, General Bonding, Misc. Commerical Bonds, Surety News
Tags: bond requirements, FL, Florida, legislation, surety bond
I would like to start a business that would "look over" or take care of property
while the owners are away. What would I need to get bonded?
Kent,
You would be looking at a fidelity bond, rather than surety since no one is requiring the bond of you. I'd recommend looking at CNA Surety's fidelity products for more information.