What is a Florida Alcohol Beverages & Tobacco Surety Bond?
A Florida Alcoholic Beverages and Tobacco Bond is one way the alcohol and tobacco industries are regulated. The Florida Alcohol & Tobacco Surety Bond ensures that persons or entities engaging the manufacturing, distribution, or bonded warehouse storage of alcoholic beverages, distributing agents or wholesale distributors of cigarettes and all wholesale dealers of tobacco products pay the appropriate taxes required by the state of Florida. No license or permit may be issued for these persons or entities without a properly executed surety bond for the payment of excise taxes.
What is the current market for a Florida Alcohol & Tobacco Bond?
Florida Alcohol & Tobacco Surety Bonds are widely written by multiple surety bond markets. The respective minimum and maximum bond amounts vary for the Florida Alcohol & Tobacco Surety Bond and depend on the nature of the business’ operation(s). Please click here to determine the needed bond amount, a copy of the bond form, and instructions for applying to the State of Florida. Terms of approval and premium are largely determined by the financial condition of the business’ corporate and/or personal net worth, experience, and the needed bond amount.
How much is a Florida Alcohol and Tobacco Bond?
Florida Alcohol and Tobacco Tax Bonds pricing typically depends on the personal credit score of the individual applying for the bond. The better the the credit, the better the pricing. However, DBL Surety can also place these bonds for individuals with bad credit. The premium amount is typically in between 4-15% of the bond amount needed for the those individuals needing a bad credit surety bond and around 1-3% for those individuals with good credit.
What happens after I purchase my Florida Alcohol & Tobacco Bond?
Once payment has been processed, DBL Surety quickly goes to work executing your bond. An emailed copy is sent to you as soon as it has been processed for your review. The original bond is then sent to your address so you can submit it directly to the proper department and receive your Florida Alcohol and Tobacco License.
How do I apply for a Florida Alcoholic Beverages and Tobacco Bond?
- Complete our online Florida Alcoholic Beverages and Tobacco Bond application, or
- Download and complete our printable Florida Alcoholic Beverages and Tobacco Bond application, and
- Receive your surety bond quote in minutes!