Financially Responsible Officer (FRO) — Florida
Designate an owner or officer to accept financial responsibility for your licensed construction business—and file the required FRO Bond in minutes.
What you’ll get
Florida FRO bond for filing with CILB.
Clear steps to attach to your DBPR application.
Help from our licensing & insurance team.
What is a Financially Responsible Officer?
An FRO is an owner or officer the company designates to take legal responsibility for the business’s financial operations and compliance. Many license qualifiers are not owners; in those cases, the company appoints an FRO to handle financial responsibility.
Who needs an FRO?
Florida FRO Bond Requirement
$100,000 Bond (or $100,000 LOC)
Posted in favor of the Florida Construction Industry Licensing Board (CILB).
Purpose
Protects the public and secures payment of fines/costs if the business violates licensing laws or financial obligations.
Keep It Active
Maintain the bond annually while the FRO designation remains in effect.
FRO Bond vs. Construction License Bond
FRO Bond
- Tied to the company’s financial responsibility
- Required for FRO designation
- $100,000 amount (or $100,000 LOC)
Construction License Bond
- Credit-based requirement for certain qualifiers
- Separate from the FRO bond
- May be needed in addition to an FRO bond
How to Appoint an FRO (4 Steps)
Identify the owner/officer who will accept financial responsibility for the licensed entity.
Prepare entity details and supporting documentation.
Buy online through Artisan Insurance Inc. and attach the bond to your filing.
File with fees; renew the bond annually while the FRO remains designated.
What You’ll Receive After Purchase
FRO FAQs
Does the FRO have to be the qualifier?
No. The qualifier directs trade work; the FRO is responsible for the company’s finances and regulatory financial compliance.
Is the FRO Bond required every year?
Yes. Keep the bond active annually for as long as the FRO designation is in effect.
Is the FRO Bond the same as the Construction License Bond?
No. They serve different purposes and can be required at the same time depending on your situation.
Can I use a Letter of Credit instead?
Florida permits a $100,000 irrevocable letter of credit payable to the CILB as an alternative to the surety bond.
Need Help With Your Filing?
Our team works with Florida contractors daily. We can guide you on the FRO application and bond filing process.
FREE CONSULTATION
FREE CONSULTATION