Fastest & Lowest Bond Rates in Florida!

Text or call Gus today for a quote within minutes.

Types of Bonds Offered by Clearpalm

Performance Bonds

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Contractor Bonds

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Employee Dishonesty Fidelity Bonds

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Bid Bonds

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ERISA Bonds

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Payment Bonds

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Guarantee Bonds

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Solid Waste Bonds

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Not sure what kind of bond you need? Text us about your project or bid, and we’ll help.

Why Choose Clearpalm

Clearpalm is a family-owned and operated company out of Lutz, FL specializing in premier customer service. Whether it’s bonds, business insurance, or payroll, Clearpalm compares rates across hundreds of carriers to make sure you secure the lowest possible price

Gustavo Fernandez works with you to understand the needs of your business at every stage of growth. Become part of the Clearpalm family today!

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Trusted by Clients

Google 5 out of 5 stars ★★★★★

“They are always willing to help understand each situation with detailed explanation and are amazingly organized. I highly recommend this firm!”

Ades Center

“This family owned business is the best. I have never met two nicer people in my life. If anyone needs any payroll services I highly encourage you to use AJG payroll services!”

Bryan Seeman

“Gustavo possesses outstanding communication skills, and our team thoroughly enjoys working with him. We are fostering a growing relationship and eagerly anticipate future growth.”

Halcyon Underwriters

Surety Bond FAQs

  • A surety bond is a legally binding agreement between three parties:

    • The principal (the party who needs the bond),

    • The obligee (the party requiring the bond, usually a government agency), and

    The surety (the bonding company providing the financial guarantee).
    It ensures that the principal will fulfill certain obligations. If they don't, the surety may cover losses up to the bond amount.

  • Surety bonds are often required for:

    • Contractors working on public construction projects

    • Businesses applying for licenses or permits (e.g., auto dealers, mortgage brokers, notaries)

    • Court cases involving fiduciary responsibilities

    • Individuals handling large estates or trusts

  • Insurance protects the policyholder, while a surety bond protects the obligee (third party).

    If a claim is paid on a surety bond, the principal is required to repay the surety for the amount covered.

  • Bond premiums typically range from 1% to 10% of the total bond amount, depending on the applicant's:

    • Credit score

    • Business experience

    • Financial strength

    High-risk applicants may pay more.

  • If the obligee files a valid claim and the principal doesn’t resolve it, the surety may pay the claim. The surety will then pursue the principal for reimbursement.

    Claims can damage your credit and ability to get future bonds.

  • No. The premium is a non-refundable fee for the surety company’s risk and service, even if no claims are made.