What is a Florida Alcoholic Beverages and Tobacco Bond?
Know the how-to of this surety bond today!
Under the Florida Beverage Law, Cigarette Laws, and Tobacco Product Laws, the following persons are required to become licensed and submit a sufficient surety bond before engaging in the business of alcoholic beverages and tobacco products:
Alcoholic beverages – manufacturer; distributor; brewer; wine or wine and cordial manufacturer; distributor who sells beverages that contains not more than 4.007% of alcohol by volume; distributors who sell beverages that contains not more than 17.259% of alcohol by volume; distributor of wines regardless of alcoholic content; distributor in a single county with a population of 15,000 or less and sells to licensed distributors within the same county only; and spirituous liquor distributors
Tobacco – dealer, agent, distributing agent, distributor
The purpose of the surety bond is to guarantee the prompt payment of taxes. In the event that the licensee defaults on his or her tax obligations, the Obligee will recover the amount due on the surety bond.
This prerequisite is in compliance with Chapters 561-568 and Chapter 210 of the Florida Statutes.
What are the Alcoholic Beverages and Tobacco Bond amounts?
Manufacturer = $25,000
Distributor = $25,000
Brewer = $20,000
Wine or Wine and Cordial Manufacturer = $5,000
Distributor (not more than 4.007% of alcohol by volume) = $25,000
Distributor (not more than 17.259% of alcohol by volume) = $25,000
Wines regardless of alcohol content = $25,000
Distributor in a single county with a population of 15,000 or less = $5,000
Distributor of spirituous liquor = $100,000
Dealer = $2,000 (minimum)
Agent = $2,000 (minimum)
Distributing agent = $2,000 (minimum)
Distributor = $1,000
If you have an excellent credit score, you will be eligible for a very low bond premium! Know more by calling us, or GET YOUR FREE SURETY BOND QUOTE HERE!
How can I get an Alcoholic Beverages and Tobacco Bond?
STEP 1: Apply for the bond
You need to submit a bond application to us. If you’re ready to apply now, you may do so HERE!
STEP 2: Underwriting
We will ask you for a couple of important information needed for the bond. This will include your financial history, business performance history, and your credit score. An underwriter will carefully evaluate all those.
STEP 3: Bond execution
Once the underwriter is done with the underwriting process, we will immediately issue the bond and send it to you!
What are the surety bond conditions?
- The surety bond should be issued by a Florida-qualified surety
- The State of Florida should be the Obligee of the surety bond
- The licensee should obey the provisions of Chapters 561-568 and Chapter 210 of the Florida Statutes; and the rules and regulations of the Division of Alcoholic Beverages and Tobacco of the Department of Business and Professional Regulation of the State of Florida
- If the licensee fails to promptly pay the taxes due, the aggrieved party will be eligible to file a claim against the surety bond