Those exhibiting and/or selling Class I Wildlife in Florida must secure a surety bond or letter of credit, or post cash, check, or money order in the amount of $10,000. With the low price and convenience of surety bonds, it is generally the most common option, so here are the details you need to know about the Florida Class I Wildlife Bond.
Class I Wildlife is cheetahs, chimpanzees, elephants, bears, and more. With Jet, you can get the Class I Wildlife Exhibit and Sales Bond application complete in a matter of minutes.
The price of the $10,000 Class 1 Wildlife Exhibitor Bond starts at $100 for one year or just $10 a month. The cost will depend on your personal credit. Multi-year bond terms are also available—this is a good option if you’ll be operating for years to come and want to save some money down the road.
Bond Term | Cost |
---|---|
Monthly | $10 |
1 Year | $100 |
2 Years | $175 |
3 Years | $250 |
The application was designed with a streamlined process in mind. You will only be asked for the information absolutely necessary to get the bond completed online, which includes general business information (name, address, etc.) and your social security number for a soft credit check (won’t affect your credit score and takes moments).
Once the application is submitted a Jet underwriter will quickly review the information and send over an approved quote via email shortly after. In the email, simply click the link, provide payment information, and boom—your bond is issued!
Jet will take care of filing the bond unless you’d like to do it yourself (option available at checkout). Class 1 Wildlife Bonds must be filed with the Commission at the address below:
Florida Fish and Wildlife Conservation Commission
PO Box 6150
Tallahassee, FL 32314-6150
Once active and on file with the Commission, the bond must stay that way for the duration you hold a Class I Wildlife license. Prior to the bond’s renewal date, Jet will send you a reminder to your email and mailing address. If you pay monthly, no renewal is needed, as long as automatic payments continue to be made. If you paid for the bond in full, you’ll have time to submit payment either through the post or online.
You can request to cancel the license bond at any time with Jet by sending an email to [email protected]. Jet will then notify the Fish and Wildlife Commission. The bond has a 30-day cancellation period, which means once the Commission receives notice, the bond will be kept on file for 30 days. After this period has ended, the bond will be cancelled and your liability under the bond will end.
By reading and understanding the rules, regulations, and laws applicable to the license, Class 1 Wildlife sellers and exhibitors can generally avoid bond claims. Chapter 379 of the Florida Statutes and Chapter 68A-6 of the Florida Administrative Code provide the things to avoid. In short, don’t let the lions and tigers and bears (oh my!) loose.
In cases where things go haywire due to negligence or fraudulence, you will likely have the chance to remedy the situation. Whether a customer got hurt by an escaped chimpanzee, or the obligee is pursuing civil fines due to lack of compliance, it is in your best interest to address the matter before a bond claim is pursued whether utilizing liability policies or paying fines on time.
Jet’s duty under the surety bond is to protect the public and Fish and Wildlife Commission in addition to servicing the Class 1 Wildlife Seller/Exhibitor. If a claim is filed, Jet will conduct an investigation into the legitimacy of said claim. Any justified claims will be paid immediately by Jet to the person filing the claim.
It doesn’t end there, though. The surety company is indemnified from losses by the licensee. A bond is essentially an extension of credit, putting trust in the licensee that they will not commit prohibited acts leading to financial distress. Because the actions are the responsibility of the Class I Wildlife Exhibitor/Seller, it is also their responsibility to pay any money fronted for them.