Dance studios in Florida are required by the Dance Studio Act to post a security annually with the Florida Department of Agriculture and Consumer Services as a requirement of their registration.
The security can be in the form of a guaranty agreement secured with a certificate of deposit, an irrevocable letter of credit, or a Surety Bond.
Surety Bond amounts are determined by the number of years a studio has been in business:Less than one year: $5,000
Applicants can obtain a dance studio registration package from the Department of Agriculture and Consumer Services. The bond will need to be submitted with the completed application package and payment of the application fee.
The premium that you pay for a Florida Dance Studio Bond is dependent on credit and the bond amount required.
Contact our Surety Bond Specialists today at:
Hours: 8:00-5:00 CST, Monday through Friday