Why Every Florida Contractor Needs to Take a Financial Responsibility Course

Florida contractor taking a Financial Responsibility Course to reduce applicable bond requirements

Many states require their contractors to obtain surety bonds before being licensed. Surety bonds are contracts between a principal who is the contractor, a surety — the company that underwrites the bond, and an obligee — the entity requiring the bond. While the bond is required, a financial responsibility course can be just as valuable.

As a contractor, you know about the financial benefits of being bonded. The purpose of the bond is to protect the relevant parties against unethical or incomplete work and ease their worries on the same. Although getting a surety bond is a daunting task, it is a crucial requirement to become licensed. The surety bond offers more benefits besides consumer protection.

Florida is among the states that require its contractors to be bonded. The state requires contractor applicants who have a credit score below 660 to obtain a contractor bond. Division I contractors must obtain a $20,000 Financial Stability bond, and Division II contractors need a $10,000 Financial Stability bond. If the applicants complete an approved 14-hour financial responsibility course like ours, the bond requirement decreases by 50% to $10,000 for Division I and $5,000 for Division II contractors.

If you are a Florida contractor applicant with a credit score below 660 and are serious about passing the exam, then Contractor Training Center has you covered. We have designed a 14-hour course that goes through the basics of cash management, sound accounting principles, and business finances to reinforce the Florida statutes relevant to construction.

Benefits of the Florida Contractor Financial Responsibility Course

The first benefit is obvious. You get a 50% reduction on the surety bond amount the state requires from you. We also provide you with the right tools to make the course a breeze, accompanied by unique insights. The course ensures you gain relevant and necessary accounting skills to complement your construction skills.

Moreover, you'll receive a Financial Responsibility Certification upon completion of the course. The certification brings you closer to licensure.

The course allows for self-paced completion. We do not expect you to complete the entire course in one sitting. So, as you break down the course into digestible time chunks you can adhere to, you can be rigidly time-conscious. If you want to be certified quickly, you will need maximum effort to take the course in the shortest time possible. When you log in, you will continue the course from where you left it.

Our course is also state-approved. Its course number is DBPR CILB Provider #0008872 | Course #0613945. This means that you are receiving the best and most relevant content from the course.

In addition, our course is to the point, as we do not want to waste your time. Our course is 100% online. You can take it from anywhere as long as you have your login and a stable internet connection. You can even take the course from the comfort of your home.

If you are on the go, you can access the course on your smartphone. Talk about convenience! You can access the course from anywhere, at any time.

Lastly, the course enables you to be established as financially stable and responsible by following the Florida laws on contractor licensing because you will gain a credit score of higher than 660. Our course and instructors are that good.


At Contractor Training Center, we offer a financial responsibility course for Florida contractors that complies with Florida Statutes 489.115 (7). If you want a higher credit score and to enjoy the benefits of being a bonded contractor, we invite you to take our Florida Contractors Financial Responsibility 14-Hour Course (DBPR CILB Provider #0008872 | Course #0613945). We guarantee that taking this course will significantly impact your contractor business.

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