Florida General Contractor Exam — All Questions

As part of qualifying for a Florida contractor license, an applicant must demonstrate what regarding their finances?

• a.Financial responsibility, typically shown through a credit report and, where credit is weak, additional bonding✓
• b.A net worth of at least $10 million
• c.Ownership of at least ten completed buildings
• d.Nothing; Florida does not consider an applicant's finances

Florida requires applicants to demonstrate financial responsibility and stability, generally reviewed through a credit report. Applicants whose credit score falls below the threshold may still qualify by obtaining a financial responsibility bond or providing other assurances. This protects consumers who rely on the contractor.

In Florida's construction industry, what is generally true about workers' compensation coverage and corporate officer exemptions?

• a.Construction businesses never need workers' compensation in Florida
• b.Construction employers generally must carry workers' compensation, though a limited number of corporate officers who meet ownership rules may elect an exemption✓
• c.Every employee, including officers, is automatically exempt
• d.Workers' compensation is only for office staff, never field crews

Florida requires construction-industry employers to carry workers' compensation coverage. A limited number of qualifying corporate officers (meeting minimum ownership requirements) may elect to be exempt from coverage on themselves, but the business generally must still cover its other employees. The construction industry has stricter thresholds than non-construction businesses.