How much does a hazardous waste bond cost in Florida?
The State of Florida requires hazardous waste facilities and hazardous waste transporters to post surety bonds in varying amounts prior to conducting business. Applicants should verify their required bond amount with the state prior to bonding.
Because the required amount and, therefore, the price of this bond can vary so much, our experts 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 experts can typically provide free, no-obligation bond quotes within 1 business day of submitting your application.
Hazardous Waste Transporter Bond
Florida hazardous waste transporter bonds are put in place to ensure that principals (waste transporters) conduct business according to the provisions and conditions of Chapter 403.724 of the Florida Statutes and Rule 62-730.170 of the Florida Administrative Code.
If the principal fails to comply with these terms, the bond protects any person who suffers financial loss as a result of the principal’s violations up to the full amount of the bond. The principal must reimburse the surety for any damages paid out.
A hazardous waste transporter bond in Florida is continuous until canceled. The surety can terminate the bond by giving writtin notice of cancellation to the Secretary or designee of the FDEP at least 30 days prior to the effective termination date.
Hazardous Waste Facility Bond
Florida hazardous waste facility bonds ensure that principals (facility operators) conduct business in compliance with the terms of section 3004 of the Resource Conservation and Recovery Act of 1976, the rules and regulations of the EPA and the rules and regulations of the Florida Department of Environmental Protection, particularly Chapter 62-730 of the Florida Administrative Code.
If the principal fails to comply with these terms, the bond protects any third party from bodily injury or property damage that occurs as a result of the principal’s operations up to the full bond amount.
The surety can cancel this bond by sending written notice of cancellation via certified mail to both the principal and FDEP Secretary at least 120 days prior to the effective cancellation date.
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