Florida 660 Construction License Bond

What is a Florida 660 construction license bond?

The Florida 660 construction license bond is a surety bond required by the Florida Construction Industry Licensing Board (CILB) for Florida construction contractor applicants with a FICO credit score below 660.

This bond protects against non-payment of fines and costs and is required to assure a Florida contractor applicant is financially responsible.

How much does a Florida 660 construction license bond cost?

The premium for a Florida 660 bond is dependent on the division license type. Division I Contractors are required to obtain a $20,000 minimum bond, while Division II Contractors are required to obtain a $10,000 minimum bond.

• The starting price for a $20,000 Division I Construction License Bond is $600
• The starting price for a $10,000 Division II Construction License Bond is $300

Your bond premium ultimately depends on your FICO credit score; however, it may be reduced by taking a board-approved 14-hour financial responsibility course. The ability to complete the course and reduce the premium amount is determined by the Florida CILB.

How do I get a Florida 660 construction license bond?

To purchase a Florida construction license bond, contact NNA Surety Bonds or request a free quote today.

What are the requirements for obtaining a Florida 660 construction license bond?

Once a contractor has been notified by the Florida Construction Industry Licensing Board that a bond is necessary, a credit check and signed application are required to obtain the Florida 660 construction license bond. Additionally, the contractor must have no active liens or judgments against them.

What else should I know about the Florida 660 construction license bond?

This license bond assures the licensee (contractor) meets all requirements to do business in Florida as a licensed construction contractor, including paying fees to the Florida State Treasurer, keeping accurate financial records, and providing reports as necessary. If a contractor does not meet this requirement and a claim is filed, the bond guarantees payment up to the bond’s limit.

The Florida 660 construction license bond may also be referred to as a:

• Florida Contractor License Bond
• Florida Construction License Bond
• Sub-660 Credit Score Contractor License Bond
• Florida Division I Contractor License Bond
• Florida Division II Contractor License Bond
• 660 Bond