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Florida property & business receiver bonds.
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The court has put property — or a whole operating business — in your hands. The receiver’s bond guarantees you’ll discharge those duties faithfully while you manage it. The court specifies the amount, and we underwrite the file behind it. A surety specialist reviews your application and returns a quote, usually within one business day.

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Posted with the court under Fla. Stat. § 714.08 and conditioned on faithful discharge of your duties
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Amount is specified by the court — sized to the property or the business you’ll be running
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Underwritten on the receiver’s file; collateral or alternative security may apply on a large receivership
Underwrittencourt sets the amountA-ratedA.M. Best carriers1 daytypical specialist reply
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

Built for the order of appointment.

The bond is effective as of the date of your appointment and has to be posted with the court before you take full control of the property or the business. Here is the whole process:

TODAY

Send us the file

Apply online with the order of appointment, the style of the case — plaintiff, defendant, case number, and the court that will hold the bond — and a description of the property or business you are being appointed to manage.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the order, the receiver’s credit and finances, and any collateral, then returns a quote. The amount is fixed by the court — underwriting decides approval and any security we need behind it.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond on the court’s required form with the power of attorney attached, ready to post so you can take control of the property or begin operating the business.

About this bond

What it is and who needs it.

What this receiver bond secures

When a Florida court appoints a receiver to take custody of disputed or distressed property, that receiver often does more than hold it — the order authorizes managing the real property, or operating the business itself, while the case is litigated.

The receiver’s bond is what stands behind that authority. It is conditioned on the faithful discharge of the receiver’s duties: collecting and preserving receivership property, operating it in the ordinary course, accounting honestly, and distributing it as the court directs. If the receiver mismanages or misappropriates, the bond makes the estate whole — and the surety looks to the receiver to repay it.

Because the surety stands behind the entire receivership, the bond is underwritten on the receiver’s credit and finances, and a large estate can call for collateral. Florida also lets the court approve alternative security — a letter of credit or a deposit of funds — instead of a bond, though receivership property itself can never be used as that security. We flag which route your order allows before you commit.

Florida StatuteFla. Stat. § 714.08 (Receiver’s bond; alternative security) requires a receiver to post with the court a bond that is conditioned on the faithful discharge of the receiver’s duties, has one or more sureties approved by the court, is in an amount the court specifies, and is effective as of the date of the receiver’s appointment. The court may instead approve alternative security such as a letter of credit or a deposit of funds, but the receiver may not use receivership property as that security, and a claim against the bond or alternative security must be made not later than one year after the receiver is discharged. The receiver’s authority to operate a business constituting receivership property comes from § 714.12.

You need this bond if you’re

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A court-appointed receiver directed to manage real property, rents, or assets while the case is pending
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An operating receiver authorized under Fla. Stat. § 714.12 to run a business that is receivership property
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A special master or referee the order directs to hold, preserve, or manage property
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Counsel for a party arranging the bond so the receiver can post it with the court and take possession under the order

One application, one underwriting file.

These are the actual underwriting fields — the case style and the court that holds the bond, a description of the property or business, the receiver, and your finances. Submit once and a surety specialist reviews everything together and returns a quote, typically within one business day. Free until your bond is issued.

Start the application →
FAQ

Common questions.

What is a Florida receiver bond for management of property or a business?It is the bond a court-appointed receiver posts when the order puts property — or an operating business — under the receiver’s management. Under Fla. Stat. § 714.08 it is posted with the court, conditioned on the faithful discharge of the receiver’s duties, with sureties the court approves, and it is effective as of the date of appointment.
How much does it cost?It is underwritten, not flat-rated. The court specifies the penal sum, sized to the property or business in receivership. A surety specialist then reviews the receiver’s credit and finances and any collateral and returns a premium quote, usually within one business day.
Who sets the bond amount?The court does. Section 714.08(1)(c) puts the bond in an amount the court specifies, and § 714.08(1)(b) requires sureties the court approves. We size and underwrite the bond to whatever the order of appointment sets, and tell you if collateral applies.
Can I post something other than a bond?Sometimes. Section 714.08(2) lets the court approve alternative security — a letter of credit or a deposit of funds — in place of the bond. The one hard limit is that the receiver may not use receivership property as that security. If your order allows either route, we will tell you which is cleaner for your file.
Can I act before the bond is posted?Only if the court authorizes it. Section 714.08(3) lets a court authorize a receiver to act before posting the bond where action is necessary to prevent or mitigate immediate injury, loss, or damage to the party who sought the appointment, or immediate waste or substantial diminution in the value of the receivership property.
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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Get bonded and take control of the receivership.

Send us the order of appointment and a description of the property or business, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.

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