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City of St. Petersburg utility bonds.
From $100.
The City of St. Petersburg will take a surety bond in place of a cash deposit to secure a full-service multi-family or commercial utility account. Post the bond instead of tying up cash; the premium is 2% of the deposit amount, $100 minimum — the price our carrier’s rate book sets for this bond class.
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Three steps. One sitting.
Enter your amount, see your exact price, and submit to the city. Here is the whole thing:
Apply online
Your business details, the deposit amount the city required, and the effective date — at the standard amounts, that is the entire application. At the standard amounts it collects no credit information.
Issued on the spot
Most applications approve instantly at or near the $100 minimum. Larger amounts may get a quick review.
Submit to the City of St. Petersburg
Return the executed bond to the City’s Utility Accounts Coordinator in place of your cash deposit. Wet-ink originals mailed whenever the city insists.
What it is and who needs it.
What the utility service bond actually does
The City of St. Petersburg runs its own water, sewer, and utility service. It asks for a deposit to start service, and full-service multi-family and commercial accounts can post a surety bond in place of the cash deposit, so you keep your working capital instead of leaving it on deposit with the city. Single-family homes can offer a utility reference letter instead, and water-only and new construction accounts cannot use a bond.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of St. Petersburg (the obligee, the party the bond is payable to). If the account goes unpaid, the city can recover its unpaid charges against the bond up to its amount.
It is not insurance for you — if the surety pays the city, you repay the surety. Accounts that pay their bills treat the bond purely as a way to avoid a frozen cash deposit. Enter the deposit amount and your price starts from $100.
You need this bond if you are
One application, most applicants issued instantly.
Submit the application with the deposit amount the city set — your exact price appears immediately, most at or near the $100 minimum.
Start the application →Common questions.
Other Florida bonds.
Utility service bond, issued today.
Premiums from $100. Keep your cash and post a bond instead.