Florida equipment interchange bond.
$10,000. $200 flat.

A trucker (or drayman) who hauls trailers and containers to and from a Florida railroad signs an equipment interchange agreement with that railroad, and one condition is a $10,000 bond. The obligee is the railroad you interchange with (commonly the Florida East Coast Railway), not a state agency. Ours is $200 flat.

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Required by the railroad you interchange equipment with — most often the Florida East Coast Railway (FEC)

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Fixed $10,000 amount — $200 flat, the price you see is the price you pay

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Soft credit check only — never a hard inquiry, never affects your score, and the price stays $200 either way

A-ratedA.M. Best carriers$200on the $10,000 bond1–3 yrterms available

Trusted by industry leaders

How it works

Three steps to interchange-ready.

Your interchange agreement is waiting on this bond. Here's the whole process:

TODAY · ONLINE

Apply once, online

Business details, owner information, effective date. The only extra step is a one-time consent to a soft credit pull.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

WHEN YOU PAY

Deliver to the railroad

Pay online and receive the executed $10,000 bond, ready to deliver with your equipment interchange agreement. Wet-ink originals mailed whenever the railroad insists.

About this bond

What it is and who needs it.

What the interchange bond actually does

Intermodal freight moves between trucks and rail at the interchange point: a trucker or drayman picks up and drops off the railroad's trailers and containers. Before a railroad lets you do that, it has you sign an equipment interchange agreement — and a common condition of that agreement is a $10,000 surety bond.

The bond is a private financial guarantee to the railroad, not a government mandate. In Florida this most often involves the Florida East Coast Railway (FEC), but the obligee is whichever railroad your agreement is with. It guarantees that you'll pay the service fees you owe and cover damage to the railroad's equipment.

It's not insurance for you. If you fail to pay fees or you damage the railroad's property and the surety pays, you repay the surety. Because the obligee is a private company, confirm the exact amount and bond form with your railroad's interchange agreement before filing — the standard figure is $10,000.

Railroad equipment interchange agreement (private obligee)The Equipment Interchange Agreement bond is a private financial guarantee required by a railroad — in Florida, most commonly the Florida East Coast Railway — as a condition of its equipment interchange agreement with a trucker/drayman handling its trailers and containers. The standard amount is $10,000. This is not a state-mandated bond; confirm the amount and form with your railroad's agreement.

You need this bond if you're

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A trucker or drayman interchanging trailers and containers with a Florida railroad

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Signing an FEC interchange agreement that conditions access on the $10,000 bond

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An intermodal carrier moving freight between truck and rail in Florida

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Renewing an interchange agreement and re-posting the financial guarantee

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.

Start the application →

FAQ

Common questions.

Who requires the equipment interchange bond?The railroad you interchange equipment with — in Florida, most often the Florida East Coast Railway (FEC). It's a private financial guarantee tied to the railroad's equipment interchange agreement, not a state mandate. Confirm the amount with your agreement; the standard is $10,000.

How much is it?The premium is $200 flat — the price our carrier's rate book sets for the $10,000 bond amount. Same number for every trucker, every year.

Do I pay the $10,000?No. You pay $200. The $10,000 is the surety's maximum liability to the railroad for unpaid fees or equipment damage — not a deposit, and nobody holds your money.

What does the bond guarantee?That you'll pay the service fees you owe the railroad and cover any damage to its trailers, containers, and equipment. If the surety pays a claim, you repay the surety.

Is there a credit check?A quick soft credit check may apply — never a hard inquiry, no impact on your score. It informs approval, not price. The price stays $200 either way: credit can affect whether we approve the bond, never what it costs.

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.

Interchange bond, ready to deliver.

$200 flat, short application, bond issued when you pay. Free until issued.

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Your price$200

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