Florida Prescription Drug Wholesale Distributor Bonds
400,000+ Bonds issued to 250,000+ satisfied customers.
Purchase your bond today and select from Next Day, Two Day, or Three Day Shipping.
We shop the top surety markets to find you the best rate.
Backed by SSL, our online bonding process is secure. We are committed to your privacy.
What Is a Florida Prescription Drug Wholesale Distributor Bond?
Florida pharmaceutical wholesale distributor surety bonds ensure that human-use and veterinary drug wholesalers comply with the rules and regulations listed in the Drug and Cosmetic Act.
The bond guarantees that payment of any administrative penalties, fees and costs incurred by the Department of Business and Professional Regulation (DBPR) will be received if the distributor fails to pay within 30 days.
How Much Do Florida Prescription Drug Distributor Bonds Cost?
The Florida DBPR’s Drugs, Devices and Cosmetics Division requires pharmaceutical wholesale distributors to file surety bonds in the following amounts:
- $10,000 bond for limited veterinary prescription drug wholesalers
- $25,000 bond for distributors with $10M or less in annual gross receipts
- $100,000 bond for distributors with over $10M in annual gross receipts
These bonds require underwriting review to determine individual pricing. You’ll need to submit current business and personal financial statements when you apply.
Rates start at just 1% for qualified applicants — that’s $250 for the $25,000 bond or $1,000 for the $100,000 bond. Apply now to get your free quote.
SuretyBonds.com provides the lowest pharmaceutical bond rates on the market with no added brokerage fees.
How Does a Florida Prescription Drug Wholesaler Bond Work?
Prescription drug wholesaler bonds hold distributors financially liable for upholding permit regulations and paying any administrative penalties owed to the DBPR. If you fail to comply with these terms, the surety will cover damages up to the full bond amount. You must then compensate the surety for any damages paid out.
These bonds require annual renewal and must remain in effect for one year after your permit expires. Both the department and the surety can cancel the bond by giving 60-days written notice of cancellation to the other party.
How Do I Get a Prescription Drug Wholesale Distributor Bond in Florida?
Since the bond coverage amount is high, you’ll need to submit current business and personal financial statements when you apply for your Florida prescription drug distributor bond. Complete the following steps to get your bond:
- Apply: Submit an online application and attach financial statements.
- Quote: Receive your personalized quote and checkout online.
- Sign: Complete the indemnity agreement via DocuSign.
- Ship: Receive your official documents in the mail.
- File: Sign and submit your bond to the DBPR.
If you have any questions about your application, email [email protected] and a surety expert will be happy to help.
How to Become a Pharmaceutical Distributor in Florida?
To become a prescription drug wholesale distributor in Florida, you must meet the following permit requirements:
- Be at least 18 years of age
- Apply and pay the permit fees
- Have at least 2 years of verifiable full-time work experience in a pharmacy OR managerial experience with a prescription drug wholesale distributor
- Pass the department-issued exam
Get started by applying for your bond today.
More Resources
- Florida Prescription Drug Wholesale Distributor Surety Bond Form
- Drugs, Devices, and Cosmetics Program Application for Certified Designated Representative
- Florida DBPR Wholesale Distributor Information
- Florida Statutes Title 33 Chapter 449 Part 1 Drugs; Devices; Cosmetics; Household Products
- Florida Limited Veterinary Prescription Drug Wholesaler Permit
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
