What is a Class I Wildlife Surety Bond?
A Class I Wildlife Surety Bond is one way the Florida Fish and Wildlife Conservation Commission regulates the exhibition of class I wildlife. The Class I Wildlife Bond ensures that the exhibitor will indemnify an injured party should an injury occur or other damage result from the exhibited class I wildlife. It’s also a requirement to comply with the laws of Florida and the Commission governing the capturing, keeping, possessing, or exhibiting class I wildlife.
Who needs a Class I Wildlife Surety Bond?
If you possess Class I wildlife, you’ll need a permit which requires a surety bond prior to issuance. Class I wildlife includes many of the popular cats such as lions and tigers. Additionally, it includes other popular animals such as gorillas, chimps, and bears. You can find a full listing of animals on the state’s website.
Why do surety companies consider this a risky bond?
Surety companies consider this bond more risky than others because of what it covers. We mentioned above that the bond covers personal injury, death, and property damage. These things are normally covered by an insurance policy and not under a surety bond.
What is the current market for a Class I Wildlife Surety Bond?
These surety bonds are risky and only a few surety companies will consider writing your bond. The amount for the Class I Wildlife Surety Bond is $10,000. It must be issued on the state’s form and the amount can’t be reduced. Your bond cost will be based on your personal credit score and experience. In most cases, you can expect to pay about $200 per year. However, your surety bond cost can increase if your credit score declines. The best way to find your exact price is to apply online below. Most bonds are approved within minutes.
How do I apply for a Class I Wildlife Surety Bond?
- Complete our online Class I Wildlife Surety Bond application, or
- Download and complete our printable Class I Wildlife Surety Bond application, and
- Receive your surety bond quote in minutes!