Florida Painted Galvanized Steel and Aluminum Structures Warranty Bond

Florida Painted Galvanized Steel and Aluminum Structures Warranty Bond

Prequalified fabricators of small painted structures need to file a Painted Galvanized Steel and Aluminum Structures Warranty Bond with the Florida Department of Transportation. The bond protects against coating system color retention and adhesion warranty failure. 

QUOTE

This bond is one of the Requirements to be on the List of Prequalified Fabricators of Painted Galvanized Steel and Aluminum Products with the Florida Department of Transportation. 

How Much Does the Painted Galvanized Steel and Aluminum Structures Warranty Bond Cost?

The cost of the bond will be just a small fraction of the required limit. For example, if you are seeking a $50,000 limit, prices start at $50 a month or $500 for a one-year bond term. Rates are subject to a credit check and supplementary financial information and will need to be approved by a Jet underwriter.

Once you click the “Quote” button, you’ll be able to add basic information to start your application. Once complete, the application will be submitted, at which point, one of Jet’s underwriters will reach out to you for financial statements and other information needed to get you a quote. Once the quote is ready, an email will be sent to you, containing the quote and a link to purchase.

How to Determine the Bond Limit for the Painted Galvanized Steel and Aluminum Structures Warranty Bond

The Painted Galvanized Steel and Aluminum Structures Warranty Bond has a calculation to determine the required bond limit. The products mentioned below refer to the number sold for use on Department contracts during the previous bond cycle: 

$2,500 x ( # of painted galvanized steel mast arm assemblies)
+ $3,500 x (# of painted galvanized steel monotube assemblies)
+ $200 x (# of painted galvanized steel highway light poles and painted aluminum poles, pedestals, and posts)
+ $500 x (# of painted aluminum conventional light poles and painted aluminum poles, pedestals, and posts) 

This calculation must fall within the minimum/maximum amounts indicated below: 

Minimum

Maximum

Renewal terms have a limit that is calculated by taking last year’s bond limit, plus the current year’s calculated bond limit, minus the number of products that are out of the 5-year warranty period. 

Filing the Painted Galvanized Steel and Aluminum Structures Warranty Bond

After your payment has been received, Jet will prepare the Painted Galvanized Steel and Aluminum Structures Warranty Bond form and mail it over to you. You will need to sign the bond with a witness present and mail it in to the following address:

Florida Department of Transportation
605 Suwannee Street
Tallahassee, FL 32399-0450

Once your bond is on file, it will be held until June 30th of the following year, and subsequent bond terms are July 1-June 30. Jet will send you a renewal notice via mail and email. You will need to confirm financial information before you can receive your renewal quote. After you have completed your renewal payment, Jet will send a continuation certificate directly to the Department.

You cannot cancel your bond prior to the June 30th expiration date. 

How Can a Fabricator Avoid Claims on the Painted Galvanized Steel and Aluminum Structures Warranty Bond?

The purpose of this bond is to protect against damages from the fabricator’s failure to honor the 5-year color and adhesion warranties on painted galvanized steel products (mast arms, monotube assemblies, strain poles, and conventional light poles) or aluminum products (light poles, posts, and pedestals). Claims can be filed during the bond term or within the 5-year warranty period.

If a claim is filed, Jet will investigate the accusation to verify whether it is valid and if it is covered by the bond. If the claim holds up, Jet will have to pay the claim, but the fabricator is still responsible for paying Jet back in the amount of the claim payout.

Florida Painted Galvanized Steel and Aluminum Structures Warranty Bond

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: