Florida Construction Materials Mining Company Bond

Florida Construction Materials Mining Company Bond

Companies that extract limestone and sand to be used for construction materials need to file a $100,000 Construction Materials Mining Company Bond with the Florida Department of Financial Services. This bond protects against damages caused by the use of explosives during the extraction process.

QUOTE

In addition to the protection it offers, the Construction Materials Mining Company Bond is a necessary requirement for licensing.

What Is the Cost of the Construction Materials Mining Company Bond?

This bond only costs a fraction of the $100,000 limit that’s required (starting at $100 a month or $1,000 for a one-year bond term). Actual costs are based on a credit check and underwriting approval.

When you submit your application, a Jet team member will reach out to you for additional financial information, like financial statements and operation scope, that are needed for your bond quote.

The Construction Materials Mining Company Bond Process With Jet

When you apply for the Construction Materials Mining Company through Jet, you’ll be done in just a couple of minutes. Our application has been streamlined to just ask for the basics, like business information and a social security number. The social security number is mandatory for the soft credit check (don’t worry, it won’t lower your credit score like a hard inquiry). Then, your application is submitted for review by one of our underwriters and any additional information will be requested at this time. 

Once your quote is ready, you will receive an email with the quote and a link to purchase your bond. After payment, Jet will prepare your bond form and mail it over to you. A digital copy of your bond will be emailed to you, along with a receipt of your purchase. 

You will need to sign the original bond in front of a witness (their signature is also required) and mail it in to:

Regulatory Licensing
Bureau of Fire Prevention
Division of State Fire Marshal
200 E Gaines St
Tallahassee, FL 32399-0342

You will need to have an active bond during the course of your license or permit (October 1-September 30). 

One thing to note about ending your Construction Materials Mining Company Bond, there is something of a liability tail if you are not renewing the license or permit that requires this bond. Your bond will be released (as long as there aren’t any pending claims for damages) on whichever is later:

Read How to Renew or Cancel Your Bond

How to Renew My Bond

Check out Jet’s bond renewal process here. Hint- it’s simple.

How to Cancel My Bond

See how easy it is to cancel your bond.

How Does a Construction Materials Mining Company Avoid Bond Claims?

According to the terms of the Construction Materials Mining Company Bond, claims would be filed by the Department if the payment of a final order is not completed within 30 days. It seems simple enough, but the final order is the last step in an established complaint process. Meaning, there are several opportunities to straighten out any issues before it gets to a bond claim. 

Complaint Process

If a person suspects that the explosions from a construction materials mining company have caused material damages, they can file a petition with the Division of Administrative Hearings through an online form. The complete process for hearing out the complaint is detailed in Section 552.40, Florida Statutes, but here’s the gist of it: 

Throughout the complaint process, the mining company has two opportunities to settle the complaint and make things right before a bond claim is even filed. However, if the mining company does not complete the payment within the 30-day time period, the judge will lay claim on the Construction Materials Mining Company Bond for the complainant’s damages. 

As the surety company, Jet will double-check the claim filing, although a court ruling is typically sufficient evidence that the mining company has indeed violated license/permit regulations. Jet will need to honor the terms of the bond and pay for damages if valid. In turn, the mining company at fault will need to uphold its end of the bond terms and pay Jet back in the amount of the claim to restore the bond. Construction materials mining operations cannot be conducted while the bond is not held in its full $100,000 limit.

What About Construction Materials Mining Companies That Hold Multiple Licenses or Permits?

There are several licenses or permits that perform construction materials mining operations and list the $100,000 Construction Materials Mining Company Bond as a requirement. This includes dealers, manufacturers/distributors, users, or blasters of explosives. If multiple licenses or permits are held by the same individual or company, a single bond may be sufficient. 

Florida Construction Materials Mining Company 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: