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Florida Yacht or Ship Broker Bond

A Florida Yacht or Ship Broker Bond is a $25,000 guarantee required for anyone who wants to legally buy, sell, or broker boats and yachts in Florida. This bond protects customers from financial harm if the broker acts dishonestly, mishandles money, or breaks state rules. If a broker cheats a customer, that person can …

Bond amount$25,000
State or jurisdictionFlorida
ObligeeState of Florida

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
Overview

What it is.

A Florida Yacht or Ship Broker Bond is a $25,000 guarantee required for anyone who wants to legally buy, sell, or broker boats and yachts in Florida. This bond protects customers from financial harm if the broker acts dishonestly, mishandles money, or breaks state rules. If a broker cheats a customer, that person can …

Who usually needs it

Yacht and ship brokers and salespersons in Florida who negotiate the purchase, sale, or exchange of yachts or ships for other persons must obtain this bond. Yacht Salespersons require a $10,000 bond, while Yacht Brokers and Employing Brokers require a $25,000 bond as part of their licensing requirements under Florida's Yacht and Ship Brokers' Act.

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

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Helpful guidance, a real agency team, and a clear path from research to application.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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