Florida employee leasing company bond.
From $100.

Florida’s Board of Employee Leasing Companies requires each licensed employee leasing company (PEO) to keep a positive net worth and working capital or offset any deficiency with security, under F.S. 468.525. For that deficiency its rules accept a guaranty or letter of credit, not a surety bond. Where a surety bond does fit, premiums start at $100.

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Tied to F.S. 468.525 net-worth and working-capital requirements for licensed PEOs

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Honest caveat: the Board accepts a guaranty or letter of credit — not a surety bond — for the net-worth deficiency

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From $100; no credit fields at standard amounts — where a surety bond fits your obligation, enter the amount and see your price at application

From $100where a bond fitsNo SSNat standard amountsStraightanswer on the right instrument

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How it works

Confirm the instrument, then issue.

Because Florida's Board accepts specific instruments here, step one is confirming a surety bond fits. Then it's quick:

FIRST · A QUICK CHECK

Confirm a bond is the right instrument

For the F.S. 468.525 net-worth deficiency, the Board accepts a guaranty (DBPR EL 4505) or letter of credit (DBPR EL 4517) — not a surety bond. Send us your exact obligation and we'll confirm before you pay anything.

TODAY · ONLINE

Apply online

Once a surety bond is confirmed as the right fit, your business details and the amount are the entire application.

SAME DAY

Issued and ready to file

No credit fields at standard amounts — the executed bond is generated as soon as you pay. Larger amounts may get a quick soft-pull review that never affects your score.

About this bond

What it is and who needs it.

What this requirement actually is

Florida licenses employee leasing companies — professional employer organizations (PEOs) — through the Board of Employee Leasing Companies within DBPR, under Part XI of Chapter 468, Florida Statutes. Each company must maintain a positive accounting net worth and working capital, with an initial tangible net worth of at least $50,000.

Under F.S. 468.525, a company that falls short can offset the deficiency with guaranties, letters of credit, or other security acceptable to the Board. The important, plainly-stated point: the Board's rules do not accept a surety bond for this net-worth requirement — the accepted instruments are a Board-approved guaranty (DBPR EL 4505) or a letter of credit (DBPR EL 4517).

So unlike most listings on this site, a surety bond is not the automatic answer for the standard PEO net-worth deficiency. If you've been asked for security in a context where a surety bond is the correct instrument, premiums start at $100 and the application collects no credit information at standard amounts. If the Board's net-worth rule is what you're solving, you likely need a guaranty or LOC instead — tell us your obligation and we'll point you the right way.

F.S. 468.525 (Board of Employee Leasing Companies)Under F.S. 468.525, a Florida employee leasing company must maintain a positive accounting net worth and working capital (initial tangible net worth of at least $50,000) or offset any deficiency with guaranties, letters of credit, or other security acceptable to the Board. The Board's rules accept a guaranty (DBPR EL 4505) or letter of credit (DBPR EL 4517) for this requirement — not a surety bond. Confirm with the Board which instrument your situation requires.

This may apply to you if you are

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A licensed or applying PEO working through the Board of Employee Leasing Companies net-worth rule

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Offsetting a net-worth deficiency — note the Board takes a guaranty or LOC, not a bond

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Asked for surety in another context where a bond is genuinely the right instrument

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Unsure which instrument you need — send us the obligation and we'll confirm

Confirm the instrument first.

These are the issuing fields if a surety bond is the right fit. For the F.S. 468.525 net-worth deficiency, the Board takes a guaranty or LOC instead — check with us before you pay.

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FAQ

Common questions.

Does a surety bond satisfy the Florida PEO net-worth requirement?No — and we'd rather say so than sell you the wrong thing. Under F.S. 468.525, the Board of Employee Leasing Companies accepts a Board-approved guaranty (DBPR EL 4505) or a letter of credit (DBPR EL 4517) to offset a net-worth deficiency, not a surety bond. Send us your obligation and we'll confirm what you actually need.

Then why is this listed as a bond?Because it appears in the surety marketplace and people search for it. We list it to be findable — and to give you the straight answer: for the standard net-worth deficiency you need a guaranty or LOC. If your specific requirement is one a surety bond can satisfy, we'll write it.

How much is it if a surety bond does apply?Pricing is variable and depends on the amount required — premiums start at $100, and most applicants qualify at or near that minimum. Enter the amount and see an estimate; your exact price is confirmed at the application.

What is the net-worth requirement?An initial tangible accounting net worth of at least $50,000, plus positive working capital, with any deficiency offset by acceptable security. Confirm the current figures with the Board of Employee Leasing Companies.

Is there a credit check?Where a surety bond applies, at the standard amounts the application collects no credit information, and most applications approve instantly. Larger bond amounts add a credit-consent step on the form and may get a quick soft-pull review, which never affects your credit score.

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.

Related bonds

Other Florida bonds.

Tell us the obligation — we'll point you right.

Premiums from $100 where a bond fits. If the Board's net-worth rule is what you're solving, we'll tell you it's a guaranty or LOC, not a bond.

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