Who needs a Florida Seller of Travel Surety Bond?
A Florida Seller of Travel Surety Bond is required of any seller of travel that has a business location in Florida or offers to sell travel related services to individuals in Florida. The State of Florida Division of Consumer Services defines a seller of travel as “any resident or nonresident person, firm, corporation, or business entity who offers for sale, directly or indirectly, at wholesale or retail, prearranged travel or tourist-related services for individuals or groups, through vacation or tour packages, or through vacation certificates in exchange for a fee, commission, or other valuable consideration. The term includes any business entity offering membership in a travel club or travel service for an advance fee or payment, even if no travel contracts or certificates or vacation or tour packages are sold by the business entity.” The Florida Seller of Travel Surety Bond requirement is meant to provide a safeguard to consumers in the event that a seller of travel violates rules and regulations set forth in Florida Statutes 559.926 – 559.939.
What bond amount do I need for the Florida Seller of Travel Surety Bond?
The Florida Seller of Travel Surety Bond amount varies depending on the services offered by a seller of travel. A seller of travel who does not offer vacation certificates must obtain a Florida Seller of Travel Surety Bond in the amount of no less than $10,000 but not to exceed $25,000. A seller of travel who does offer vacation certificates must obtain a Florida Seller of Travel Surety Bond in the amount of no less than $50,000. However, each seller of travel should contact the Florida Division of Consumer Services to determine the appropriate Florida Seller of Travel Surety Bond amount by calling 1-800-435-7352.
How do I apply for a Florida Seller of Travel Bond?
- Complete our online Florida Seller of Travel Bond application, or
- Download and complete our printable Florida Seller of Travel Bond application, and
- Receive your surety bond quote in minutes!
Do you need help getting your FL Seller of Travel License?
The licensing process can be confusing if it’s your first time. Do you qualify for a reduction? What about amount do you need? Will your license application be rejected for missing information and how long does it take? If you’re serious about getting your license visit thelicensecompany.com and learn how you can get licensed faster and easier than going it alone.
What is the Florida Seller of Travel Surety Bond Cost?
The Florida Seller of Travel Bond cost varies depending on the bond amount and personal credit score of the owners. Based on a $25,000 surety bond, your premium could range from $250/year for individuals with excellent credit to $1000/year+ for individuals with bad credit. Financing may be available for those individuals with premiums exceeding $1,000 annually. Please visit our Surety Bond Premium Financing page to learn more about the process.
How long will it take to get my Florida Seller of Travel Surety Bond?
The Florida Seller of Travel Bond may be obtained the same day you request it! Once approved, all we need is a scanned copy of the surety company’s indemnity agreement and payment of your surety bond premium. In some cases, you’ll be able to sign for your bond using DocuSign. Your bond will then be processed, a copy will be emailed to you, and the original surety bond will be sent to the address listed on the application. It’s that easy.