Florida Seller of Travel Bonds |
AmeriPro Surety Bonds | 844-589-9732
Florida Seller of Travel Profession
Florida sellers of travel are regulated by the Florida Department of Agriculture and Human Services and Chapter 559, Part XI of the Florida state statutes.
Sellers of travel are also required to post a surety bond in one of of several amounts.
The amount required will depend on the destination of customers and the nature of the seller of travel’s business scope.
Florida Seller of Travel Bond: Amount Required
- If the seller of travel does not offer for sale any travel related trips to countries which have been designated terrorist, the bond amount required is $25,000. The amount of bond increases to $50,000 if the seller of travel also offers vacation certificates.
- If the seller of travel only offers prearranged certificates of travel with a terrorist-designated state, but does not conduct other business with that location, the surety bond required is $100,000. That amount increases to $150,000 if the seller of travel also offer vacation certificates.
- If the seller of travel offers prearranged certificates of travel – and also engages in other business with the terrorist designated state, the surety bond required is $250,000. If the Florida seller of travel also offers vacation certificates, the bond amount required is $300,000.
Financial Seller of Travel Bond: The Purpose of this Bond
The purpose of the financial seller of travel bond is to protect others— namely, your customers, from any acts of fraud, theft, or criminal malfeasance in the conduct of the business of a seller of travel.
The bond protects your customers, then, from any illegal acts that you, any employees, owners, or managers of a seller of travel business may commit in their profession which ultimately harms your customers.
Florida Seller of Travel Bond: Annual Renewal
After you have purchased the seller of travel bond, you will be required to renew your surety bond on an annual basis.
The bond is good for one year from the date of issuance.
You will want to have the bond run concurrent with your seller of travel license, so as to prevent any gaps in bond coverage.
Florida Seller of Travel Bond: Premium, or Cost of the Bond
The seller of travel bond’s premium will be determined by:
- The bond amount you require;
- Your credit score.
Applicants with good credit may pay as little as 2% of the bond’s premium amount.
Thus, a $25,000 Florida seller of travel bond may cost as little as $500 annually.
The amount, however, that you will pay will ultimately be decided by your credit score.
For the larger bond requirements (i.e. those at the 6 figure level) in addition to the application, you may or may not be requested to provide a financial statement (assets on hand, investments, liabilities, etc.).
This is strictly done for underwriting purposes only and is not shared with others.
About AmeriPro Surety Bonds
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, contractor, court, and fiduciary bonds throughout the great state of Florida.
Our agency also provides surety bonds nationwide.