Florida Financially Responsible Officer bond.
$100,000. $1,000 flat.

When a Florida construction company designates a Financially Responsible Officer (FRO) to take over its financial side, the Construction Industry Licensing Board requires a $100,000 bond (or letter of credit) before it approves the designation, under F.S. 489.1195. Ours is $1,000 flat — the price our carrier's rate book sets for this bond.

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Required under F.S. 489.1195 before the CILB approves an FRO designation

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Fixed $100,000 amount — $1,000 flat, no quote process

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Multi-year terms available — keep the FRO designation backed for up to 3 years

A-ratedA.M. Best carriers$1,000flat, on the $100,000 bond1–3 yrterms available

Trusted by industry leaders

How it works

Three steps to an approved FRO.

The CILB designation is waiting on this bond. Here's the whole process:

TODAY · ONLINE

Apply online

Business and officer details and an effective date — that's the application. No credit section on this bond.

QUICK REVIEW

Issued

A $100,000 fixed-amount bond is straightforward — most issue quickly.

SAME DAY

File with the CILB

Your executed bond and power of attorney arrive by email, ready to file with the FRO designation. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the FRO bond actually does

Florida lets a construction company name a Financially Responsible Officer (FRO) under F.S. 489.1195 — a person who takes over every financial aspect of the business: contracts, payroll, account records, lawful reporting, and payments. This frees the qualifying agent to focus on construction operations. The FRO cannot also be the primary qualifying agent.

Before the Construction Industry Licensing Board approves an FRO designation, the FRO must post a $100,000 surety bond (or an irrevocable letter of credit). The bond is payable to the Board for fines and costs (Rule 61G4-15.0021, F.A.C.).

It's not insurance for the officer. If the surety pays a claim, the principal repays the surety. The bond must stay in place for as long as the FRO designation is active — we track it and notify you 60 and 30 days out so the designation never lapses over a missed renewal.

F.S. 489.1195 (Financially Responsible Officer)Under F.S. 489.1195, a Florida construction business may designate a Financially Responsible Officer who assumes all financial responsibility for the business. Before the Construction Industry Licensing Board approves the designation, the FRO must post a $100,000 surety bond or irrevocable letter of credit, payable to the Board for fines and costs (Rule 61G4-15.0021, F.A.C.). The FRO cannot serve as the primary qualifying agent. Confirm current filing requirements with the CILB.

You need this bond if you're

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Designating an FRO to take over your construction company's financial side

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Serving as the FRO and need the $100,000 bond before CILB approval

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Separating financial and operational roles so the qualifying agent can focus on the work

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Renewing an FRO designation and re-posting the $100,000 financial responsibility

One application, issued instantly.

These are the actual issuing fields — no credit section, because this bond doesn't have one.

Start the application →

FAQ

Common questions.

How much is the Florida FRO bond?The premium is $1,000 flat — the price our carrier's rate book sets for this bond, the same for every FRO. The $100,000 amount is set by Rule 61G4-15.0021, F.A.C., so there is no quote process.

Do I pay the $100,000?No. You pay $1,000. The $100,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

What is a Financially Responsible Officer?Under F.S. 489.1195, an FRO is a person a construction company designates to take over all financial aspects of the business — contracts, payroll, records, reporting, and payments — separate from the qualifying agent who runs the construction work. The FRO cannot also be the primary qualifying agent.

Is there a credit check?The application collects no credit information for this bond. Even at $100,000, most applications like this approve instantly.

When does it renew?The bond stays active as long as the FRO designation is in effect. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out, with autopay available.

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.

Get the FRO designation approved.

$1,000 flat, no credit review, bond issued in 1–2 business days. Free until issued.

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Your price$1,000

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