Florida Utility Deposit Bonds

Florida Utility Deposit Bond

Nearly 50 different utility companies and local municipalities have a Utility Deposit Bond option for commercial clients looking to avoid costly security deposits. The Utility Deposit Bond is an inexpensive way for businesses to give the utility provider the financial guarantee they require before service can begin.

VIEW YOUR BOND PRICE

Jet Insurance Company offers these surety bonds, which can be purchased online in minutes. Also, Jet allows businesses to purchase bonds on a monthly basis—only pay for what you need!

How Are Utility Deposit Bond Prices Determined?

First, Jet needs to know how much the required security deposit is. You can see in our chart at the bottom of the page what the various utilities are requiring. The surety bond limit will be the same as the security deposit amount.

The price of the bond is a small fraction of that Utility Bond limit (security deposit amount) and that is where the surety bond becomes advantageous to new businesses. The bond is just a less expensive way to get utilities turned on. 

Surety bonds are much like an extension of credit and the price is based on the personal credit of the applicant. Our quote process takes just minutes, so just click the button above to find out your bond cost now.

Why Do Utility Companies Allow the Surety Bond Option?

Security deposits can be an expensive item for new businesses. Thankfully, some utility companies will allow their customers to have the option of a third-party financial institution (Jet) covering the risk of failing to make a monthly payment as opposed to that business's cash.

New businesses can better apply their capital to other areas, thus raising the chance of success for their operation. Over time, the business owner can elect to make the full deposit or request the deposit be waived and thus cancel the bond, its purpose having been served.

How Does the Utility Deposit Bond Get Filed to the Utility Provider?

The original bond form must be sent in by mail to the utility provider. Jet will handle this for its customers unless they elect to send the bond form in themselves. This option is given at checkout when purchasing the bond.

Renewing the Utility Deposit Bond

Utility Deposit Bonds need to be renewed prior to their expiration date. Jet sends renewal notices prior to the expiration date and all our customers need to do is make payment. The bond will remain in place without any further paperwork.

Those making monthly payments are already set up on an automatic payment structure. As long as the payment goes through, the bond will remain active.

How to Cancel My Bond

See the details surrounding cancelling your bond.

Utility Deposit Bond Claims

Read more about the Jet Utility Deposit Bond claim process here.

Florida Utility Deposit Bond Requirements

Please find your utility provider in the list below. If available, we include how the security deposit amount is calculated, which determines the bond limit. Also included is how long the cancellation period is, which is basically free time added to the end of each bond once cancellation is requested.

ObligeeDeposit AmountCancellation PeriodPhone Number
Beaches Energy Services/Jacksonville Beach2x average bill30 days(904) 247-6241
Central Florida GasFirst estimated, then based on usage of previous year30 days(800) 427-7712
City Gas Company of FloridaFirst estimated, then based on usage of previous year90 days(800) 993-7546
City of Altamonte SpringsVaries60 days(407) 571-8044
City of Bartow Electric Department2x average bill30 days(863) 534-0188
City of Clearwater Finance Department2x average bill60 days(727) 562-4530
City of Eustis Utility SystemVaries30 days(844) 611-4031
City of Fort Myers Utility DepartmentVaries30 days(239) 321-8100
City of Leesburg2x average bill. Any deposit amount can be bonded30 days(352) 728-9800
City of Ocala2.25x average bill30 days(352) 629-2489
City of Pensacola2x average bill30 days(800) 225-5797
City of Pinellas ParkVaries30 days(727) 369-0690
City of QuincyVaries30 days(850) 618-0040
City of St. Augustine2x average bill30 days(904) 825-1043
City of St. PetersburgVaries. Deposit amount starts at $10060 days(727) 893-7341
City of TallahasseeVaries30 days(850) 891-4968
City of Temple TerraceVaries30 days(813) 506-6420
City of Vero BeachVaries30 days(772) 978-5100
City of Winter Park2x previous bill90 days(407) 599-3220
Clay Electric Cooperative, IncAverage 2-month bill (minimum $2,500)60 days(352) 473-4917
Duke Energy Florida LLCVaries90 days(800) 700-8744
Emerald Coast Utilities Authority (Escambia)Based on size of water meter60 days(850) 476-0480
Florida Power & Light CompanyAverage 2 month bill (minimum $1,000)30 days
Florida Utility Company2 months estimated usage30 days(800) 427-7712
Fort Pierce Utilities Authority2 months estimated usage30 days(772) 466-1600
Gainesville Regional Utilities2x highest bill30 days(352) 334-3434
Gulf Power Company (Florida Power & Light)Varies30 days
Hillsborough CountyVaries30 days(813) 272-5900
JEA2x highest bill30 days(904) 665-6250
Kissimmee Utility Authority2x average bill. Minimum $50060 days(407) 933-7777
Lake Worth Utilities AuthorityVaries30 days(561) 586-1600
Lakeland Electric2x average bill30 days(800) 929-4876
Lee County Electric CooperativeBased on total square footage under air conditioning30 days(800) 599-2356
Okaloosa County Gas District2x highest month30 days(850) 729-4700
Orange County Wayer and Wastewater DepartmentVaries. Minimum $1,00090 days(407) 836-5503
Orlando Utilities CommissionVaries60 days(407) 423-9018
Peace River Electric Cooperative Inc2x highest month30 days(800) 282-3824
Sebring Utilities Commission2x highest estimated monthly bill30 days(813) 385-0191
Sumter Electric Cooperative Inc (SECO)Varies30 days(352) 793-3801
Tampa Electric Company (TECO)Based on Square Footage and Type of Business45 days(813) 223-0800
TECO Peoples Gas System Inc2x average bill60 days(877) 832-6747
Town of Havana2x average bill30 days(850) 539-2820
Utilities Commission, City of New Smyrna BeachVaries60 days(386) 427-1361
Utility Board of the City of Key West2x average bill60 days(305) 295-1000
Withlacoochee River Electric Cooperative Inc2x estimated month or based on electrician load sheet30 days(352) 567-5133
Utility Deposit Bonds - Florida

Florida Utility Deposit 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: