License & Permit
Financially Responsible Officer (FRO) Bond
An FRO bond is the Florida surety bond a person must post to serve as the financially responsible officer of a licensed construction business.
- Required by
- Florida Construction Industry Licensing Board (DBPR)
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond runs to the Florida Construction Industry Licensing Board. It guarantees the officer will meet financial obligations under the license, such as paying fines and costs owed to the state. The board makes claims when those obligations are not met.
Who needs it
- Officers named as FRO of a Florida construction business
- Contracting companies whose qualifying agent does not handle finances
What the underwriter looks at
- Personal credit of the FRO
- Financial statements of the business
- Prior licensing complaints
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
When do I need an FRO bond?
Only when a Florida contracting business names you as its financially responsible officer under section 489.1195. The bond must be on file before the board approves the appointment.
Can I post a letter of credit instead?
Vendor sources say the board accepts an irrevocable letter of credit in the same amount. Confirm with DBPR before choosing.