Not in Florida? Browse bonds by state
Beaches Energy utility deposit bonds.
From $100.
Beaches Energy Services, the City of Jacksonville Beach municipal utility, will take a surety bond in place of a cash deposit on a commercial account. Post the bond instead of tying up cash; the premium is 2% of the deposit amount, $100 minimum — the price the utility rate book sets for this bond class.
Trusted by industry leaders
Three steps. One sitting.
Enter your amount, see your exact price, and submit to the utility. Here is the whole thing:
Apply online
Your business details, the deposit amount the utility required, and the effective date — at the standard amounts, that is the entire application. At the standard amounts it collects no credit information.
Issued on the spot
Most applications approve instantly at or near the $100 minimum. Larger amounts may get a quick review.
Submit to Beaches Energy Services
Hand the executed bond to Beaches Energy Services in place of your cash deposit. Wet-ink originals mailed whenever the utility insists.
What it is and who needs it.
What the utility deposit bond actually does
Beaches Energy Services is the electric and utility provider owned by the City of Jacksonville Beach. Like most utilities, it asks a new or commercial account to secure its service — and it will accept a surety bond in place of a cash deposit, so you keep your working capital instead of leaving it on deposit.
It's a three-party arrangement: you (the principal), the surety carrier, and Beaches Energy Services / the City of Jacksonville Beach (the obligee). If the account goes unpaid, the utility can recover its unpaid charges against the bond up to its amount.
It is not insurance for you — if the surety pays the utility, you repay the surety. Accounts that pay their bills treat the bond purely as a way to avoid a frozen cash deposit. Enter the deposit amount and your price starts from $100.
You need this bond if you are
One application, most applicants issued instantly.
Submit the application with the deposit amount the utility set — your exact price appears immediately, most at or near the $100 minimum.
Start the application →Common questions.
Other Florida bonds.
Utility deposit bond, issued today.
Premiums from $100. Keep your cash and post a bond instead.