Palm Beach, Florida Surety Bonds

Palm Beach, Florida has various surety bond requirements in place to protect the public, some of which include requirements for alarm businesses, work in public rights-of-way, demolition work, preservation of historic and specimen trees, and tree removal. The intent of surety bonds is to provide a guarantee that compensation will be supplied to those harmed financially by the licensee/permittee.

VIEW YOUR BOND PRICE

Bond prices at Jet are determined by the bond limit and sometimes a soft credit check (for larger limits). The rate will be a small percentage of the bond limit. Limits up to $10,000 have a starting rate of $100. Monthly and multi-year options are available for some bonds as well.

Bond TermCost
1 Year$100
2 Years$175
3 Years$250
Palm Beach Surety Bond Prices

Depending on the bond limit, a quote may be available at the end of the application. Higher bond limits may require a quick review by an underwriter, but a rate will be sent to your email shortly after application submission.

After purchase, Jet will gladly file the bond form for you. However, you are welcome to take care of the filing yourself by sending it to the below address.

Town of Palm Beach
360 South County Rd
Palm Beach, FL 33480

License and Permit Bond Details

The Palm Beach, FL Code of Ordinances lists the following bond requirements, which may be enforced to operate in the Town.

Alarm Business Surety Bond
A $10,000 surety bond may be required to obtain an alarm business permit to work within Palm Beach. The bond protects the Town from alarm business negligence, deception, and fraud leading to financial damage.

Right-of-Way Permit Bonds
Those working within a public right-of-way within Palm Beach, Florida may need to secure a Permit Bond or Performance Bond to guarantee the project is completed appropriately and that the area is restored to its original or better condition. For example, communication facility operators are often mandated to purchase a Performance Bond to hold the operator liable during their time occupying the right-of-way. Failure to uphold obligations and follow rules and regulations may result in a bond claim.

Demolition Permit Bonds
To secure a demolition permit in Palm Beach, applicants must get a bond in an amount established by the town council. With demolition being a risky venture, it makes sense the Town would impose the surety bond requirement as a way to financially recover in cases where damage is caused that is outside the scope of the project and the contractor refuses or fails to address it in a timely manner. 

Bond to Preserve Historic and Specimen Trees
The Town of Palm Beach’s Public Works Department may enforce a bond for any person applying for a permit to build or otherwise work on a property that contains a historic/specimen tree. The bond would be in an amount sufficient to protect said tree(s) and must remain in effect for 60 days beyond the completion of the construction. Should a tree be damaged, work may be stopped and the bond may be tapped to provide compensation for the financial harm.

Mangrove Removal Bond 
If someone is requesting mangrove tree removal, a Performance Bond may need to be filed with the Town of Palm Beach. The bond holds the applicant accountable should they fail to fulfill the mitigation strategy, which includes relocating the mangrove tree(s) successfully. The Town can file a claim to receive recompense when there is improper reforestation and no resolution.

Palm Beach, Florida Bond Renewal and Cancellation Information

It’s simple to renew your permit bond or license bond with Jet. You will receive a renewal notice with plenty of time to make payment for the upcoming term (should it be needed). Click the link in the email, call, or fill out the physical renewal notice and mail it back in the pre-paid envelope.

You can cancel your bond by sending a request to [email protected]. Jet will take care of the rest of the cancellation process and you will be released of liability as soon as the Town releases the bond.

If you need any other bonds or have questions, please call us at 855-296-2663.

Palm Beach, Florida Surety 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: