Florida Commercial Collection Agency Bond

Florida Commercial Collection Agency Bond

Any individual or business entity that engages in the solicitation and collection of commercial claims (not to be confused with consumer debts) must be registered as a Commercial Collection Agency with the Florida Office of Financial Regulation (OFR). To be eligible for a license, and to maintain it, a $50,000 Commercial Collection Agency Bond is required.

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Jet Insurance Company has the lowest price available for the Commercial Collection Agency Bond! Get you quote in a minute and save now!

What Is the Cost of the Florida Commercial Collection Agency Bond?

At Jet, prices for the Commercial Collection Agency Bond are a small percentage of the standard $50,000 limit and are based on the agency owner’s personal credit score. Prices start at just $188 annually or a convenient $18 a month. 

For additional rates and payment plan options, take a look at Jet’s price chart below.

Bond TermCost
Monthly$18
1 Year$188
2 Years$328
3 Years$469
FL Commercial Collection Agency Bond Cost

The Commercial Collection Agency Bond is a continuous bond form, so our monthly and multi-year payment plans are great options for your business! You won’t have to worry about dealing with an annual renewal process and can receive discounted premium prices for our 2- and 3-year bond terms.

Why Is the Commercial Collection Agency Bond Required in Florida?

Due to an influx of negligence and general misconduct in previous years, the Florida Office of Financial Regulation was created in 2003 to oversee the entirety of the State’s financial service industry. The main purpose of the OFR is to ensure that regulations are followed and that the public, as well as fellow financial businesses, are protected from criminal malfeasance, scams, and fraud. 

The Commercial Collection Agency Bond is part of the OFR’s assurance that rules will be upheld and that financial protection will be provided to anyone that has been damaged by a commercial collection agency’s transgressions.

How to Apply for the Commercial Collection Agency Bond With Jet

The Jet team has created a quick and easy application process that can be completed online. To begin, fill out the necessary information: your contact details and social security number, which will be used for a soft credit check. No need to worry though?it won’t have an impact on your current score. Once submitted, you’ll receive approved rate options that are ready for immediate purchase. Simply choose the right plan for you, fulfill payment, and you’ll receive a copy of your receipt and bond form instantly.

How Does the Commercial Collection Agency Bond Get Filed to the OFR?

Jet can file your bond for you at no extra charge! However, if you would prefer to take care of this step yourself, simply select the option to do so during our checkout process.

The signed and sealed Commercial Collection Agency Bond must be submitted to the Florida Office of Financial Regulation at the mailing address listed below.

Florida Office of Financial Regulation
200 E. Gaines Street
Tallahassee, FL 32399

If you are a first-time licensee applicant, or if you are looking to renew, these tasks can be completed through the OFR’s Online Services portal. Guides on how to register and apply for a license can also be found on the Commercial Collection Agency webpage if you need additional help.

Learn More About Your Bond

How to Renew My Bond

Jet has created an efficient and hassle-free renewal process. See how you can renew your bond.

How to Cancel My Bond

Cancel your bond with Jet Insurance Company easily and at any time.

Bond Claim Process

Bond claims are rare, but they can happen to anyone. Read about the workings of Collection Agency Bond claims.

Florida Commercial Collection Agency Bond Form Example

Florida Commercial Collection Agency Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: