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 …
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 de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateFLBond amount$25,000ObligeeState of FloridaBond classLicense BondCategoryTransportationBondFlorida Yacht or Ship Broker BondJurisdictionStatePlain descriptionA 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 d…Who needs this bondYacht 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…
