What is a Florida Telephonic Seller Surety Bond?
The Florida Telemarketing Act requires non-exempt businesses engaged in telemarketing to be licensed before beginning operations. The Act requires businesses to post security in the form of a $50,000 surety bond. This bond guarantees that the principal (telemarketing company) will comply with all provisions of the Act and provides protection to any person who is injured by fraud, misrepresentation, breach of contract or financial failure by the principal. If financial damages occur, the surety will pay out up to the penal sum of the bond to resolve the claim. The principal is then required to reimburse the surety for all monies paid out, including any attorney fees incurred.
What are the terms of the bond?
Florida Telephonic Seller Surety Bonds must be filed with the Florida Department of Agriculture and
Consumer Services, and the aggregate liability of the surety shall not exceed the penal sum of the bond. The bond term is continuous and will remain in force until canceled by the surety. The surety may cancel the bond for any reason by giving 30 days advanced written notice to the state.
How much will my bond cost?
Pacific Surety is proud to offer a variety of approvals regardless of credit for Florida Telephonic Seller Surety Bonds, with rates as low as $500 annually for well qualified applicants. The process typically takes just a few hours for a quote, and we have the ability to beat any competitors pricing. If you have any specific questions, feel free to contact our knowledgeable underwriting staff.
- Florida Department of Agriculture and Consumer Services – Telemarketing Page
- Commercial Telephone Seller Business License Application
- Florida Telemarketing Act
Surety Bond Name
Telephonic Seller Surety Bonds (Telemarketing Surety Bonds) – Florida
$50,000Request a Free Quote