This bond is required for anyone who sells yachts or ships in Florida. It's a $10,000 financial guarantee that protects customers if the salesperson breaks state rules or acts dishonestly during a sale. Think of it as a safety net - if a yacht salesperson cheats a customer or violates Florida's boat sales regulations,…
Overview
What it is.
This bond is required for anyone who sells yachts or ships in Florida. It's a $10,000 financial guarantee that protects customers if the salesperson breaks state rules or acts dishonestly during a sale. Think of it as a safety net - if a yacht salesperson cheats a customer or violates Florida's boat sales regulations,…
Who usually needs it
Licensed yacht and ship salespersons in Florida who are employed by a broker and perform acts such as negotiating the purchase, sale, or exchange of yachts or ships for other persons, or who sell, buy, offer, or negotiate to sell or buy yachts or ships for others in the state. The bond is required under Chapter 326.004 of the Florida Statutes to guarantee c…
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$10,000ObligeeState of FloridaBond classLicense BondCategoryRetail & SalesBondFlorida Yacht or Ship Salesperson BondJurisdictionStatePlain descriptionThis bond is required for anyone who sells yachts or ships in Florida. It's a $10,000 financial guarantee that protects customers if the salesperson breaks state rules or acts dishonestly during a sale. Think of it as a…Who needs this bondLicensed yacht and ship salespersons in Florida who are employed by a broker and perform acts such as negotiating the purchase, sale, or exchange of yachts or ships for other persons, or who sell, buy, offer, or negotia…
