Financially Responsible Officer Bond Florida - FRO Bond

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Florida Financially Responsible Officer Bond – (also FRO Bond) is required by the Florida Construction Industry Licensing Board (CILB) when the Financially Responsible Officer takes on the financial responsibility and is responsible for all financial aspects of the business organization and is not designated as the Primary Qualifying Agent. The Financially Responsible Officer Bond is also known as the FRO Bond. This surety bond ensures the financially responsible officer conducts all duties faithfully and honestly. State laws transfer the liability of the license holder onto all owners/ partners equally in the case where the Licensee/Primary Qualifying Agent is different than the Business Owner.