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Florida
Utility Deposit Bond

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Coverage Amount: $1 - $100,000
Term Length: Varies
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Florida Utility Deposit Bond Overview

  • Purpose: To guarantee payment for utility services
  • Who Needs It: Some high volume utilities customers in Florida
  • Bond Amount: Determined by the utility company based on usage 
  • Minimum Price: Typically 1% of the bond amount

What Is a Florida Utility Deposit Bond?

Florida utility deposit bonds are a type of surety bond that ensure that customers pay their bills in full and on time.

Some Florida utility companies require surety bonds from customers before starting utility services. In other cases, it can be an option rather than a cash deposit.

Who Needs a Utility Deposit Bond?

In Florida, the following utilities companies may require or allow users to have a surety bond: 

  • Teco Peoples Gas
  • Sumter Electric Cooperative
  • Gulf Power Company
  • Beaches Energy Services
  • City of New Smyrna Beach Utilities
  • Fort Pierce Utilities Authority
  •  Okaloosa County Gas District
  • City of Tallahassee Utilities
  • City of Gainesville Utilities
  • City of Ocala Utility Service
  • Florida Power & Light Company
  • Progress Energy
  • Tampa Electric Company
  • Tampa Electric Company Gas
  • Fort Myers Utilities
  • Duke Energy Florida
  • Glades Electric Cooperative
  • Withlacoochee River Electric
  • JEA
  • Peace River Electric
  • Clay Electric Cooperative, Inc.
  • Lakeland Electric Utilities
  • Orange County Utility Service
  • City of Winter Park Utilities
  • St. Petersburg Utilities
  • Florida Public Utilities Deposit
  • Orlando, Florida Utilities Commission

Florida utility bond amount requirements are determined case by case. Verify your bond coverage with your utility company before applying. 

If you need a utility bond not listed here, please call 1 (800) 308-4358 for assistance. 

How Much Does a Bond Cost?

Florida utility deposit bonds typically cost 1–10% of the total bond amount based on personal credit score. For example, a qualified applicant might pay just $50 to $100 for a $5,000 utility bond. Get your free quote now.

Bond Type
$500-$100,000Teco Peoples Gas Utility Bond
$1,000-$100,000Sumter Electric Cooperative Utility Bond
$1,000-$100,000Gulf Power Company Utility Bond
$1,000-$100,000Beaches Energy Services Utility Bond
$100-$100,000City of New Smyrna Beach Utility Bond
$1,000-$100,000Fort Pierce Utilities Authority Utility Bond
$100-$100,000Okaloosa County Gas District Utility Bond
$1,000-$100,000City of Tallahassee Utility Bond
$100-$100,000City of Gainesville Utility Deposit
$1,000-$100,000City of Ocala Utility Service Bond
$1,000-$100,000Florida Power & Light Company Utility Bond
$100-$100,000Progress Energy Utility Bond
$1,000-$100,000Tampa Electric Company Utility Bond
$1,000-$100,000Tampa Electric Company Gas Utility Bond
$100-$100,000Fort Myers Utility Deposit Bond
$1,000-$100,000Duke Energy Florida Utility Bond
$1,000-$100,000Glades Electric Cooperative
$1,000-$100,000Withlacoochee River Electric Utility Bond
$1,000-$50,000JEA Utility Bond
$1,000-$50,000Peace River Electric Utility Bond
$1,000-$100,000Clay Electric Cooperative, Inc. Utility Bond
$1,000-$100,000Lakeland Electric Utility Bond
$1,000-$100,000Orange County Utility Service Bond
$1,000-$50,000City of Winter Park Utility Bond
$1-$100,000St. Petersburg Utility Bond
$1,000-$100,000Florida Public Utilities Deposit Bond
$100-$100,000Orlando, Florida - Utilities Commission Commercial Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Does a Florida Utility Deposit Bond Work? 

A utility deposit bond creates a legally-binding contract between a principal (you), obligee and surety provider (us).

Bond PartyDescription
1) PrincipalThe utilities customer filing the bond
2) ObligeeThe utility company requiring the bond
3) SuretyThe issuing surety provider

If you fall behind on payments, the bond protects the utility company from loss up to the full bond amount. In turn, you must reimburse the surety for all claims paid out.

Florida Utility Deposit Bond Overview Purpose: To guarantee payment for utility services Who Needs It: Some high volume utilities customers in Florida Bond Amount: Determined by the utility company based on usage  Minimum Price: Typically 1% of the bond amount

How Do I Get a Bond?

We make the utility bond application process quick and easy. Follow these three steps to get bonded: 

  1. Apply: Fill out a quick application form. 
  2. Quote: Receive your free quote within one business day. 
  3. Pay: Complete the purchase online or over the phone. 

We’ll typically email you the bond unless the utility provider requires the original, physical bond form. Remember to file the bond with the company as instructed.

How Do I Renew My Bond?

If you need to renew your utility bond for another year, we’ll send you reminders in advance. Make sure the coverage amount is still correct. If so, simply pay the renewal invoice to extend coverage for another term. 

If you need to update your bond amount, contact us at [email protected] with the new information.

Can I Make Changes to My Bond?

If you need to update information on your current bond form, like the amount or a name, email your surety provider. You can reach us at [email protected] with the request. Please confirm if your utilities provider will accept a bond rider document.

More Resources

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