Anyone wishing to have a cable television franchise within Polk County, Florida must first secure a Cable TV Franchise Bond. The surety bond is a means of restitution for cases where the franchisee has failed to comply with the Polk County Board of Commissioners and County Ordinances.
Jet’s role as a direct surety company is to be the financial backer when things go awry due to the franchisee’s actions. If a claim is filed against the franchisee, Jet will make restitution to the damaged person or party.
The cost of the Cable TV Franchise Bond starts at $100 for one year of coverage. Most will qualify for this rate, but a credit check is still required of all applicants—no need to worry, it’s a soft pull that will not affect your credit score.
Bond Term | Cost |
---|---|
Monthly | $10 |
1 Year | $100 |
By choosing Jet as your surety provider, you are guaranteed to get a low-cost surety bond in a timely manner.
You’ll be able to get your surety bond online within minutes. Jet’s application only asks for the information critical to your bond quote, including your business name and your social security number.
Once you submit your application, you’ll have the ability to purchase your bond right then and there. After entering your payment information, an electronic copy of your Cable TV Franchise Bond and receipt will be available.
Regarding the filing of the bond, Jet can take care of that for you! But if you’d rather submit it alongside other paperwork, please do so at the following address:
Polk County
330 W. Church St.
Bartow, FL 33830
These bonds are set for a one-year term. Therefore, they must be renewed to stay active for the duration of the cable tv franchisee’s license (unless you pay monthly, then your bond will stay active as long as payments automatically come out). Jet sends out renewal notices to your email and mailing address with plenty of time to spare. Just fulfill payment through the link in the email or by sending payment in with the prepaid envelope.
When you’re ready to cancel the Cable TV Franchise Bond, email Jet at: [email protected]. Jet will then send an intent to cancel the bond to the County. The Polk County Board of Commissioners keeps the bond on file for an additional 30 days once they receive the notice to cancel. When the 30 days are up, the bond and your liability under the bond will be terminated.
Abiding by the rules set forth in Polk County, Florida Code of Ordinances, Chapter 4.4 is the best way to avoid any disciplinary action, including a bond claim. Any violation of the chapter is a misdemeanor, punishable by a fine up to $500, imprisonment up to 60 days, or both.
Here are just a few things to avoid, while operating:
If a complaint is not resolved by the franchisee, the complaints may be submitted in writing to the Polk County Board of Commissioners. The Board will then notify the franchisee, allowing them time to form a written response. The Board will investigate the complaint further to deem if a public hearing is necessary to resolve the issue between the complainant and the franchisee. If the franchisee still refuses or fails to rectify any disputes, the surety bond may be tapped to recover financial damages.
Jet’s claims team will look into all details and documentation prior to making the payout. All justified claims will be paid right away. The surety bond form has indemnification language that legally obligates the principal (the franchisee) to reimburse the surety (Jet) in cases of a claim payout. This is due to the nature of the surety bond, which only pays restitution for negligent and fraudulent acts caused by the principal.