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Florida Home Medical Equipment Provider Bond

How much does a home medical equipment provider bond cost in Florida?

The Florida Agency for Health Care Administration requires home medical equipment providers to post $50,000 surety bonds prior to conducting business.

Current business financials and a personal financial statement might be required for surety underwriting companies to produce this bond, so having these documents handy could expedite the bonding process. Request your free surety bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Home Medical Equipment Provider Bond $50,000 Starts at $500 $2,000-4,000 $5,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

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.

Why do I need this bond?

By posting a Florida home medical equipment provider bond, principals (home medical equipment providers), their agents and employees pledge to abide by the provisions set forth in 400.934 of the Florida Statutes. If the principal fails to comply with these terms and fails to pay any sums that become due to the agency, the bond protects harmed parties from financial loss up to the full penal sum of the bond.

Request your free bond quote now!

What’s the fine print?

Home medical equipment provider bonds in Florida remain in full force and effect for 1 year until and unless the bond is terminated and canceled or the principal’s license expires.

The agency can terminate the bond by giving written notice of cancellation to the surety at least 60 days prior to the effective termination date.

The surety can terminate the bond by giving written notice of termination via certified or registered mail to both the principal and the agency at least 60 days prior to the effective termination date.

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