Palm Beach County, Florida Roadside Permit Performance Bond

Palm Beach County Roadside Permit Performance Bond

In Palm Beach County, Florida anyone seeking a permit to open a roadside stand must purchase a performance bond. The bond is required by the county as a financial tool that a third-party surety company (Jet Insurance Company) will guarantee coverage for any damages caused and not rectified by the roadside stand permit holder. Specifically, the bond covers damages to roadway pavements, sidewalks, or other improvements.

SECURE YOUR BOND

There is either a $1,000 or $2,000 bonding limit required. In either case, Jet offers one low price which can be purchased online in minutes.

What Is the Cost of the Performance Bond?

The Roadside Stand Permit Bond and Roadside Vendor Bond both cost $100 for a one-year term. If the bond is needed longer, it is $100 for each additional year.

Roadside Permit Performance Bond Details

The bond will need to be filed with Palm Beach County Traffic Division. The permit holder or Jet can deliver the bond to the County and that is at the discretion of the permit holder. Either way, it needs to go to the following address:

Palm Beach Traffic Division
Attn: Roadside Vendor Coordinator
2300 N Jog Road 3rd Floor
West Palm Beach, FL 33411

The bond is for a permit and needs to be in place as long as the permit holder is operating their stand. The bond can be renewed annually. Jet will send notice in advance of the bond’s expiration date. All we need is payment and the bond will stay active for another year.

The $2,000 Performance Bond requirement does have a common expiration date of January 31st each year. This means when initially purchased the bond term may not be for an entire year before the bond has to be renewed.

The bond can be cancelled at any time via email request to [email protected]. No refund is applicable on the bond for the first year, but after that a refund is possible for early cancellation. The bond is what the surety industry calls ‘fully earned’ for that first year.

How Are Bond Claims Handled?

Everything starts with a complaint. In the case of the Palm Beach County Roadside Vendor Permit Performance Bond, the vendor will receive a complaint from the County Traffic Division about damage to a right-of-way (road, sidewalk, public area, etc.) where the vendor is or was operating. 

If the vendor cannot provide evidence that the damage is not their fault or make recompense for damages they did cause, a bond claim may be filed. Jet Insurance Company will make payment for the damages which can include engineering, legal, and other contingent costs. However, Jet’s payment cannot exceed the set bond limit whether $1,000 or $2,000.

The roadside vendor is not off scot-free after that point. The surety bond is an extension of credit and unlike insurance, the vendor must pay the surety company back. It will prove difficult to work as a roadside vendor again if damages to the county remain unpaid by the person who committed them.

Palm Beach County Roadside Permit Performance 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: