$650 is your GOOD CREDIT PRICE for a Florida Financially Responsible Officer for Construction Bond.
Florida Financially Responsible Officers for Construction Bonds are required by the Florida Department of Business and Professional Regulation (DBPR) under the Florida Administrative Code Rule 61G4-15.0021 to file a Florida Financially Responsible Officer for Construction Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Florida Financially Responsible Officer for Construction Bond holds you accountable for your business decisions.
By possessing a Florida Financially Responsible Officer for Construction Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.