Florida Citrus Fruit Dealer Bond
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How much does a citrus fruit dealer bond in Florida?
The Florida Department of Agriculture and Consumer Services requires citrus fruit dealers to post surety bonds in varying amounts. The required bond amount for a citrus fruit dealer is based on the number of boxes of fruit sold. The required amount of a bond to guarantee payment of citrus inspection fees is based on the number of boxes of fruit inspected. Applicants should verify their required bond amount with the Department prior to bonding.
Because the required amount and, therefore, the price of this bond can vary so much, our surety specialists recommend submitting a bond request to receive your free, personalized surety bond quote.
Begin the bonding process by calling 1 (800) 308-4358 or submitting a bond request. Our professionals can typically provide free, no-obligation bond quotes within one business day of submitting your application.
Citrus Fruit Dealer Bond
Florida citrus fruit dealer bonds ensure that principals (fruit dealers) comply with the provisions of Chapter 601 of the Florida Statutes when purchasing, handling, and selling citrus fruit, as well as when accounting for sales of citrus fruit. Principals must fulfill all contracts entered into while on the job and fully account for any payments of deposits made.
If the principal fails to conduct business ethically and lawfully, the bond protects any citrus fruit dealer who suffers financial loss as a result of the principal’s violations. The bond protects harmed parties up to the full bond amount, and the principal must reimburse the surety for any damages paid out.
Citrus fruit dealer bonds in Florida expire on May 1 of the year immediately following the end of the shipping season for which the bond is given. The surety can cancel the bond by giving written notice of cancellation via certified mail to the Commissioner of Agriculture at least 30 days prior to the effective termination date.
A complete schedule of required bond amounts is located on page 2 of the surety bond form.
Request your free surety bond quote now!
Additional Resources
Florida Department of Agriculture and Consumer Services Citrus License and Bond
Florida Statutes Chapter 601 Florida Citrus Code
Payment Guarantee Inspection Bond
Florida citrus fruit dealer payment guarantee bonds ensure that principals (citrus fruit dealers) comply with all provisions of Chapter 601 of the Florida Statutes, including truly accounting for all citrus inspection fees and other amounts due to the commissioner of agriculture.
If the principal fails to conduct business ethically and lawfully, the bond protects the state from financial loss up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.
These bonds remain in full force and effect until July 31 of the year indicated on the surety bond form.
A complete schedule of required bond amounts is located on page 2 of the surety bond form.
Find out exactly how much you’ll pay for your Florida surety bond by requesting your free bond quote now!
Additional Resources
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