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Ocala utility deposit bonds.
From $100.

The City of Ocala lets commercial (nonresidential) utility customers post a surety bond in place of a cash deposit. The deposit is two times your average or estimated average monthly bill — the premium is 2% of the bond amount, $100 minimum, priced by that deposit figure.

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Accepted by the City of Ocala in place of a cash deposit on a commercial utility account
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2% of the bond amount, $100 minimum — enter your deposit amount to see your exact price
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The application collects no credit information, and the price is set by the bond amount, not your credit
2% of amount$100 minimum, priced by bond amountNo credit reviewat standard amountsInstantissued the moment you pay
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
How it works

Three steps to service.

File with the City. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the deposit amount the city required, and the effective date.

INSTANTLY

Approved

Approved as soon as you apply. There is no underwriting queue.

SAME DAY

File with the Customer Service Office

Receive the executed bond ready to file with the City of Ocala Customer Service Office in place of your cash deposit. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

The City of Ocala requires a deposit from utility customers before service starts (Code §70-683). For a commercial (nonresidential) account, the deposit is two times the average or estimated average monthly bill, and instead of cash you can post a certificate of deposit, a bank letter of credit, or a surety bond from a surety authorized in Florida, on a bond form the City provides. The bond is a payment guarantee: it stands behind the utility charges you owe on the account.

It's a three-party arrangement: you (the principal), the surety carrier standing behind you, and the City of Ocala (the obligee, the party the bond protects), as the utility provider being secured. If the account goes unpaid, the city can recover the owed charges against the bond.

It is not insurance for you — if the surety pays a claim, you repay the surety. The advantage over a cash deposit is that your money stays in your business; pricing is 2% of the deposit amount, $100 minimum — not a credit tier.

City of Ocala Code §70-683(2); Commercial Start packet (Rev. 05/2026)Section 70-683(2) lets a nonresidential customer post the utility deposit as a surety bond from a surety authorized in Florida, on bond forms the City provides; the surety must give the City 30 days' written notice before cancelling. The deposit is two times the customer's average or estimated average monthly bill. The City's electric rate schedule (effective March 1, 2024) sets at least $500 for commercial electric service, and new construction is sized from an Electric Engineering load data worksheet. The Commercial Start packet says deposits are required of all commercial accounts. Get the bond form from the Customer Service Office, and send it to us with your deposit amount if you'd like us to review it.

You need this bond if you're

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Opening a commercial utility account with the City of Ocala and choosing a bond over a cash deposit
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A business or developer securing electric, water, or utility service for a project
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Avoiding a large cash deposit that would tie up working capital
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Re-establishing service the city wants secured before turn-on

One application, issued instantly.

These are the actual underwriting fields. Submit once and your bond is issued when you pay.

Start the application →
FAQ

Common questions.

How much is the Ocala utility deposit bond?The premium is 2% of the bond amount, $100 minimum. The amount itself is your deposit: two times your average or estimated average monthly bill, and at least $500 for commercial electric service. For new construction, Electric Engineering sizes it from a load data worksheet. Enter that figure and your exact price appears at the application.
Why post a bond instead of cash?A cash deposit ties up the full amount until the account closes. A surety bond costs 2% of the bond amount, $100 minimum, and keeps your capital in your business while still satisfying the city.
Who requires this bond?The City of Ocala requires a deposit before utility service starts, and Code §70-683(2) lets commercial (nonresidential) customers post this bond in place of cash. The Code lists the bond option only for nonresidential accounts.
Is there a credit check?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.
When does it renew?The bond must stay active for as long as the city requires the deposit; the City does not refund a commercial deposit while the account is active. If the surety ever cancels, it must give the City 30 days' written notice first. We send renewal notices 60 and 30 days before expiration, 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

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Orange County Utility Deposit
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City of Tallahassee utility deposit bond, amount you enter. 2% of the amount, $100 minimum.
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City of Orlando Contractor License
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Lake County Contractors License ($5,000)
The $5,000 bond Lake County requires of locally licensed contractors. $100 flat.
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Keep your cash. Post the bond.

From $100, short application. Enter your deposit amount to see your exact price and file the same day.

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Your premiumfrom $100
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