The Florida Seller of Travel Performance Bond is required by the Florida Department of Agriculture and Consumer Services (FDACS), in order to register and legally operate as a seller of travel in this state.
A seller of travel is any resident or nonresident person, firm, corporation, or business who sells travel. This includes those who sell directly or indirectly, at wholesale or retail, prearranged travel or tourist-related services. The term also includes any business entity offering membership in a travel club or travel service for an advance fee or payment, even if no travel contracts or certificates or vacation or tour packages are sold by the business entity.
What is required to be a Seller of Travel in Florida?
The requirements in to register as a seller of travel will vary slightly depending on if the business will issue vacation certificates.
- If the business does not issue vacation certificates, the applicant will need to submit a registration form, remit a $300 registration fee, and file a $25,000 Florida Seller of Travel Performance Bond.
- If the business does issue vacation certificates, the applicant will need to submit a registration form, remit a $300 registration fee as well as a $100 document fee, and file a $50,000 Florida Seller of Travel Performance Bond.
What is the purpose of a Florida Seller of Travel Performance Bond?
Unlike insurance, this bond is in place to protect the state and the customers of the Seller of Travel, rather than the business itself. If a customer is injured by the fraud, misrepresentation, breach of contract, financial failure, or violation of any provision of Sections 559.926-559.939 of the Florida Statutes, they can make a claim on their Florida Seller of Travel Performance Bond. If settled, the surety company (the company that issued the bond) will pay out the claim, however, the bond principal (the Seller of Travel in this case) must repay the surety for any losses incurred.
More information about the Florida Seller of Travel registration process can be found on the FDACS website, or on their registration application form.
Where can I get a Florida Seller of Travel Performance Bond?
In order to obtain this bond (in either amount), simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). It is important to note that the premium will only be a small percentage of the bond amount. If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your Florida Seller of Travel Performance Bond to you via USPS Priority Mail (with overnight shipping options also available).
What happens at renewal?
It is important to note that this bond must be renewed to remain active. Approximately two months prior to the expiration of your bond term, our agents will send you an invoice to renew your bond for another term. Once your renewal payment is processed, we will send you a Verification Certificate along with a paid invoice, as proof that your bond is still active. The FDACS may request this proof of your active bond as part of renewing your registration.
Why choose Surety1?
At Surety1, our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.