Construction Materials Mining Companies in Florida must have a letter of credit or a surety bond for $100,000 before a license will be issued. A license is valid for ten years from the date of issue. Florida ranks fifth in the nation for mineral production, and second in the nation for limestone production. Other mining in Florida includes sand, gravel, clay, heavy minerals, phosphate and peat. Construction Materials Mining Companies use explosives, which can result in physical ground vibrations and air blasts. The surety bond guarantees that the mining companies will faithfully comply with all rules and regulations of the Department of Financial Services to avoid damages to nearby property owners.
The premium that you pay for a Florida Construction Materials Mining Company Surety Bond is dependent of credit and personal and or business financial statements. Call our Surety Bond Specialists for a free, no-obligation quote.
Mining permit holders must keep a blast report, and no blasting may be done on weekends, official holidays, or before 8am and after 5pm on weekdays.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
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