Florida concessionaire bonds.
From $100.

A Florida concession agreement almost always conditions the award on security the granting authority can draw on if you default. The amount is the figure your agreement requires, and pricing is 2% of the bond amount, $100 minimum.

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Required by the concession agreement itself — the obligee is whichever authority granted the concession

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Amount is set by the granting authority — commonly a period of guaranteed minimum rent or fees

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2% of the bond amount, $100 minimum — enter your amount and see your exact price at the application

From $1002% of the bond amount, $100 minimumSoft pullnever a hard inquiryFastissued after a quick underwriting review

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How it works

Three steps. One sitting.

Concession awards usually have a hard start date, and the security is a condition precedent. Here is the whole process:

TODAY · ONLINE

Apply online

Your company details, the obligee — the entity you are contracting with — plus the contract effective and expiration dates, a short description of the concession, the bond amount and years in business.

SAME DAY · SOFT PULL

Reviewed & issued

The application includes a credit consent that authorizes a soft inquiry only, which never affects your score. Most clear the same day; larger securities may get a brief underwriter look.

SAME DAY

File with the granting authority

Your executed bond and power of attorney arrive by email, ready to deliver to the department, district or authority that awarded the concession. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the concessionaire bond actually guarantees

A concessionaire operates a revenue business on somebody else’s public property — a park, a beach, a marina, an airport terminal, a stadium — under a written concession agreement. That agreement obliges you to pay rent or a percentage of gross, to operate on the schedule and standards it sets, to carry insurance, and to hand the site back in condition. The bond backs those money and performance promises. The obligee is whichever entity granted the concession, which is exactly why our application asks you to name it.

At the state level the biggest single source is the Florida Department of Environmental Protection, Division of Recreation and Parks. Fla. Stat. §258.007(3)(a) authorizes the division to grant privileges, leases, concessions and permits for the use of land for the accommodation of visitors in the various parks — the statute authorizes the concession; the security requirement itself comes from the concession agreement and the solicitation, not from the statute. DEP agreements typically let a concessionaire satisfy the requirement with a payment bond, an original letter of credit from a Florida-authorized bank, or cash into a security deposit account.

Counties, cities, airport authorities, water management districts and university systems all run their own concession programs with their own forms and their own numbers. Read the security clause in your own agreement before you pick an amount — some peg it to a fixed dollar figure in the solicitation, others to two or three months of the guaranteed minimum. And remember the bond is not insurance for you: if the authority draws on it, you repay the surety.

Your concession agreement · Fla. Stat. §258.007(3)(a) for DEP state-park concessionsThe obligee on this bond is the entity that granted your concession, and the security requirement is written into the concession agreement or the solicitation that produced it — not into a single statewide statute. For state park concessions, Fla. Stat. §258.007(3)(a) authorizes the Division of Recreation and Parks to grant privileges, leases, concessions and permits for the use of land for the accommodation of visitors in the various parks; the Department of Environmental Protection then sets a security deposit amount it considers appropriate for the operation and, in its standard concession agreement, accepts a verified payment bond issued by a surety company, an original current letter of credit from a bank authorized to do business in Florida, or a cash equivalent payment establishing a security deposit account. County, municipal, airport and district concessions use their own forms and their own amounts. Confirm the required figure and acceptable form with the authority named on your agreement.

You need this bond if you are

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Awarded a Florida state park concession by the DEP Division of Recreation and Parks

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Operating a county or municipal concession — beach rentals, marinas, golf, park food service

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Running an airport or stadium concession under a terminal or venue agreement

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Renewing or extending a concession whose security has to be re-posted for the new term

One application, then a quick review.

These are the actual underwriting fields, including the obligee you are contracting with, your contract dates and a one-time credit consent that authorizes a soft inquiry only.

Start the application →

FAQ

Common questions.

How much is the Florida concessionaire bond?Pricing is 2% of the bond amount, with a $100 minimum. The amount is set by the authority granting the concession — there is no statewide figure — and it is often expressed as a number of months of guaranteed minimum rent. Enter that amount and your exact price appears at the application.

Who sets the bond amount?The granting authority. For a state park concession that is the Department of Environmental Protection, which sets a security deposit amount it considers appropriate for your operation. For a county, city, airport or district concession it is that body, working from its own solicitation. Your agreement or award letter will name the figure; if it does not, ask before you buy.

What does the bond guarantee?Your money and performance obligations under the concession agreement — paying rent or the percentage of gross you owe, operating to the standards and hours the agreement sets, and leaving the site in the condition it requires. If you default, the authority can claim on the bond; if the surety pays, you repay the surety. It is not insurance for you.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

Can I post a letter of credit or cash instead?Often, yes. The DEP’s standard state park concession agreement, for example, accepts a verified payment bond, an original current letter of credit from a bank authorized to do business in Florida, or a cash equivalent payment into a security deposit account. The bond is usually the cheapest of the three, because you pay a premium from $100 rather than tying up the full amount in bank collateral or cash.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

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Florida concessionaire bonds.From $100.