Florida Dance Studio Bond | AmeriPro Surety Bonds | 844-589-9732
Florida Dance Studios
Dance studios which operate in Florida are governed by the Florida Department of Agriculture and Consumer Services which is also the obligee for the dance studio bond required.
Dance studios are also regulated under the Florida legal statutes 501.143 of the Florida Senate.
These statutes require that Florida dance studios maintain a surety bond as a prerequisite for licensing.
Florida Dance Studio Bond: Amount Required
If you are a new or renewal dance studio licensed applicant, the bond required is in one of three amounts:
- If you are in business for 0 to 1 year, the bond amount required is $5,000;
- For dance studios in business 1-2 years, the bond amount required is $10,000;
- Dance studios which have been in business 2-3 years are required to have a bond amount of $15,000.
In cases where a dance studio has operated in violation of state law, the Department may require a surety bond up to, but not exceeding, $25,000.
Florida Dance Studio Bond: The Purpose of this Bond
The purpose of the Florida dance studio bond is to protect customers of the dance studio from any acts which violate the law.
These violations included fraud, theft, criminal malfeasance, or willful misrepresentation in connection with the operation of the dance studio.
Violations of rules governing dance studios may furthermore be committed by an owner, employee, manager, or shareholders of a dance studio, such that the Department may conclude that upon investigation that a violation has been committed.
Florida Dance Studio Bond: Premium Amount
The premium amount of a Florida dance studio bond may be as low as follows:
- A $5,000 bond may be as low as $100;
- A $10,000 bond may be as little as $200;
- A $15,000 bond may cost $300.
Florida Dance Studio Bond’s Duration
Dance studio bonds are issued for one year and are renewed annually.
You will want to ensure that both your bond and license run for concurrent dance so as to prevent any gaps in bond coverage.
AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bonds-only agency which provide a wide variety of license and permit, contractor, court, and fiduciary bonds in Florida.
Our surety agency also provides bonds nationwide.