What is an FRO Bond?
The State of Florida $100,000 Financially Responsible Officer (FRO) bond guarantees the faithful performance of the officer in charge of the organization. If they fail in this capacity, the Surety is expected to step in and help correct the situation. It is a lot like having a co-signor on a loan.
If you are looking for a bond because you found out your FICO credit score is below 660, you may actually need a License Bond. Click here to learn about these bonds and how much they cost.