Contact Our Experts

Financially Responsible Officer Bond

#1 Bond Writer with the Lowest Rates
Our high volume allows us to negotiate excellent rates.
100% Money Back Guarantee
Your bond will be accepted, or your money back.
Buy Your Bond Online
Fast online application process, instant approvals.
Get Bonded in Three Steps
  • 1. Apply Online
  • 2. Get Your Free Quote
  • 3. Buy Your Bond Online
Insurance brokers representing clients can apply here.

What is a Financially Responsible Officer Bond?

In construction, a financially responsible officer (FRO) is either the owner of the construction company or an officer of the business designated to manage company finances. In some states, the FRO is required to be licensed by a state regulatory agency. This licensing process often requires the FRO to obtain a financially responsible officer bond.

The reason a financially responsible officer bond is a necessity for some construction company officers is because they carry the significant responsibility of the business’s financial operations. The bond provides security that the FRO will act according to state and federal laws, protecting the licensing authority and the public from misuse of funds. A financially responsible officer bond provides a safety net in the event of non-payment, as a claim can be made against the bond to help cover financial losses.

What Does a Financially Responsible Officer Bond Cost?

Like other surety bonds, the total amount of a financially responsible officer bond that must be in place varies from state to state. This bond amount along with several other factors influences the price you pay for the bond. However, you do not have to pay the entire amount of the bond required. Instead, you pay a small percentage, ranging from 1 to 5%. For a $100,000 financially responsible officer bond requirement with a 2% rate, your bond premium is $2,000.

Surety agencies offering financially responsible officer bonds evaluate both your personal credit and the finances of the construction company to determine the bond rate. If credit has been an issue in the past or the construction business does not have a long track record of strong financial management, the rate you pay for your bond may be higher. This is because you pose more of a risk to the bond provider than someone with strong credit or healthy business financials.

How Do I Get a Financially Responsible Officer Bond?

The process of securing your FRO bond is simple. You can request a free quote online to start the bond application process.


Frequent Questions

How much does this bond cost?

The cost is usually 1 – 10% of the bond amount. Keep in mind that pricing varies based on the bond amount, and your financial strength.

What is the process?

Apply and get approved on our website, sign the surety agreements, and we will ship the bond out.

Can I get this bond with bad credit?

Yes, it’s possible, but bad credit usually results in higher rates.

Does it matter where I get a bond?

Yes. We provide the lowest rates possible as a result of the large volume of bonds we write.

What if a false claim is filed?

You must contact us immediately, as we have a team of claim specialists here to find a resolution for you.


Get Your Surety Bonds from the Best Bonding Companies
We work with the top A-rated, T-listed surety bond companies in the nation

Jennifer Henson
Our company has been with JW Surety for several years now so when we needed to obtain a bond for a new company, we immediately went to them for help. Our rep, Melissa, was extremely helpful and prompt which made the process extremely easy for me.
David Tillotson
Trying to get a local Surety Bond was like driving a car on three tires. I searched Surety Bonds and found JW Surety Bonds. I got online and filled out the information and with in 30 minutes received a response from Melissa. She was informative, friendly and helpful. One more super satisfied customer.

The Nation’s #1 Volume Surety Bond Service
Our company writes $4,000,000,000+ in bonds each year!
  • #1 Bond Writer
    We are the nation's largest volume bond producer.
  • Easy Process
    Fastest online surety bond application process; we approve bonds instantly.
  • Lowest Rates
    Our high volume allows us to negotiate lower rates on your behalf.
  • Claim Specialists
    Your JW surety bond agent will be your claims advocate when you need them most.

Don't wait days to get bonded. Get your surety bond instantly!

Get Your Free Bond Quote