Florida Health Studio Bond Guide
If you plan to open a health studio, spa or fitness center in Florida, you'll need to purchase a surety bond. Read on to learn all about the bonding process.
Bond Overview
- Purpose: To protect prepaid membership fees if a studio fails to fulfill contracts
- Who Needs It: Health studio owners in Florida
- Regulating Body: The Florida DACS Division of Consumer Services
- Required Amount: $25,000
- Premium Rate: $300
What is a Florida health studio bond?
Florida Statute 501.016 requires that health studio owners file a surety bond to register each location they operate. The state's official surety bond form is titled the “Health Studio Surety Bond” but is also known as the “health spa bond” or just “spa bond.” This Florida surety bond specifically requires health studios to perform contracted services and fulfill any contract, agreement, or arrangement as outlined in Florida statute 501.012 through 501.019.
How much does a Florida health studio bond cost?
Florida health studio bond costs start at $100 annually. Your personal Florida surety bond cost will be provided after a quick application review.
How do you apply for a Florida health studio bond?
You can apply for your Florida health studio bond online 24/7. Simply provide your legal business name and physical address for Florida Department of Agriculture and Consumer Services filing approval. Once your order has been processed, your official health studio bond will be emailed to you.
How long does it take to get a Florida health studio bond?
Our industry-leading technology and responsive customer service team allow us to deliver your official Florida health studio bond faster than any other surety company. Orders placed by 4 PM CST Monday-Friday are typically emailed same-day.
If you have questions about the Florida health studio bond or your application, call 1(800)308-4358 to speak with a surety bond expert. We're here to guide you through the health studio service bond process so you can get back to running your business.
What is the Florida health studio bond coverage amount?
These Florida surety bonds must be filed for $25,000 unless the health studio can verify their prepaid membership contracts are less than $5,000, which then requires a $10,000 bond amount. To qualify for the lower $10,000 bond amount, health studios must provide the FDACS with an annual membership report. If a health studio fails to fulfill obligations outlined on the bond, their issuing surety company will pay valid claims to protect club members from financial loss up to the full bond amount, which the health spa or studio must reimburse.
What is the role of the obligee in a Florida health studio bond?
The Florida Department of Agriculture and Consumer Services Division of Consumer Services enforces licensing requirements for health studio bonds in the state, including the bond requirement. If you have questions about the license or bonding requirements, you can contact Consumer Services by calling 1(850)410-3800 or by emailing [email protected].
The FDACS requires these Florida surety bonds for state health studio licensing. If you operate a health studio, health spa, or health club in another state, we also offer health club bonds nationwide.
What is the role of the underwriter in a Florida health studio bond?
The Florida health studio bond requires a quick underwriting review to determine individual premiums on an annual basis. Once you've submitted your application, one of our expert underwriters will review your application to determine your surety bond cost.
Can you get a Florida health studio bond with bad credit?
Yes, you can get a health studio surety bond with bad credit. These health spa bonds require underwriting to determine pricing, so your surety bond cost depends on several factors including your required bond amount and a review of your personal credit report. SuretyBonds.com can approve 99% of applicants no matter their credit score.
What happens if a Florida health studio bond is not obtained?
The FDACS requires the Florida health studio bond as a registration requirement for all health studios operating in the state. If you fail to file, maintain, and renew your bond as required by Florida statute, you aren't in compliance with state law and will face legal consequences from the state.
How do I update or change my health studio bond?
If the Florida Department of Agriculture and Consumer Services requires your bond form to be updated for any reason, contact your surety company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your business name, address, or contact information to match your existing health studio registration or new registration application.
What is the renewal process for a Florida health studio bond?
You must renew your Florida health studio bond before its current term expires. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your bond active as required for state registration.
How do I register my Florida health studio?
Learn How to Register a Florida Health Studio by reviewing our comprehensive guide.
You'll need to provide the documentation to register your Florida health studio.
- Health Studio Registration Application (FDACS-10300)
- Florida surety bond in correct bond amount
- $300 registration fee
- copies of every membership contract
Mail all documentation and applications to the following address.
FDACS
Health Studio Program
P.O. Box 6700
Tallahassee, FL 32314-6700
