The Florida Commission for Independent Education requires private schools in Florida’s Tax Credit Scholarship Program to post the Florida Private Education Institution Surety Bond.
The Florida Private Education Institution Surety Bond is required by the State of Florida. The bond states that a “private educational institution” must follow the provisions of the Florida Statutes and all rules and regulations promulgated by the Department of Education. This bond helps ensure that the institution follows all laws, rules and regulations. If they do not, they can face financial repercussions in the form of claims filed on the bond.
The Florida Private Education Institution Surety Bond helps ensure that the State of Florida and the students of the institution are protected from financial harm and deceit.
The bond amount will vary. The amount is dependent on the number of scholarships that the institution gives each quarter. Because the bond amount varies, so will the cost to get the bond. To find out how much it will cost you, you can fill out our online application to get a free quote.
Here at Surety1, we have been providing low cost bonding since 2003. To do this, we work with over a dozen different companies to ensure our prices are the lowest. We offer a free and easy to use online application to provide our customers with a fast and free quote from one of our surety experts.