Florida Pawnbroker Bond

Florida Pawnbroker Bond

Pawnbrokers in the State of Florida are required to be registered with the Florida Department of Agriculture and Consumer Services (FDACS). As part of the registration process, pawnbrokers must show a minimum net worth of $50,000 or have the option to secure a $10,000 Pawnbroking Surety Bond.

VIEW YOUR BOND PRICE

Jet Insurance Company’s role in the bond process is furnishing a guarantee to the FDACS that should the pawnbroker cause financial distress to a member of the public and therefore fail to uphold their obligations, there will be recompense available. Florida’s goal with the net worth or bond requirement is to make sure the pawnbroker has some financial stability to easily address a small claim from a customer.

What Is the Lowest Price for the Florida Pawnbroker Bond?

At Jet, most pawnbrokers will be approved for the rate of $100 for one year. A monthly payment option is also available, at just $10 per month. To be approved for that rate, a soft credit check is required. Check the chart for additional pricing for a preferred credit applicant.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Florida Pawnbroker Bond Rates

Instead of renewing your bond annually (or every two or three years), you can easily keep your bond active by selecting Jet’s one-of-a-kind monthly payment option. The monthly payments are a great alternative for those planning to be in the pawnbroking business for the long haul.

The Florida Pawnbroking Surety Bond Application Process With Jet

You can click the button above and submit basic business information (name, registration number, and address) in under five minutes. 

You’ll be shown approved rates right then and there, but sometimes further review may be needed. If that’s the case, you’ll be receiving an email with approved rates shortly after submission.

Once payment is received, you’ll be sent an email including the receipt and a copy of your Florida Pawnbroking Surety Bond.

How Is the Pawnbroker Bond Filed With the FDACS?

We know as a pawnbroker you deal with plenty of paperwork already, so let Jet take care of filing the Pawnbroking Surety Bond for you! Of course, you have the opportunity to file the bond yourself—simply select that choice when providing payment.

All bond documents and license paperwork must be filed with the Florida Department of Agriculture and Consumer Services at the address below:

FDACS
Pawnbroking Program
2005 Apalachee Parkway
Tallahassee, FL 32399

Read More About Surety Bonds

How to Renew My Bond

For annually purchased bonds, see Jet’s process to renew your bond. Hint- it’s quick.

How to Cancel My Bond

See the details surrounding canceling your Pawnbroker Bond.

Bond Claim Process

Pawnbrokers should be aware of what causes a claim and the claim process.

Florida Pawnbroker Bond Form Example

Florida Pawnbroker 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: