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Vessel Dealer Bond

A Vessel Dealer Bond is required for businesses in Washington State that sell boats, jet skis, or other watercraft. This bond protects customers and the state by ensuring dealers follow all licensing laws and conduct business honestly. If a dealer fails to meet their legal obligations, violates regulations, or defraud…

Bond amountVaries by license type or project
State or jurisdictionWashington
ObligeeState of Washington

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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Overview

What it is.

A Vessel Dealer Bond is required for businesses in Washington State that sell boats, jet skis, or other watercraft. This bond protects customers and the state by ensuring dealers follow all licensing laws and conduct business honestly. If a dealer fails to meet their legal obligations, violates regulations, or defraud…

Who usually needs it

Vessel dealers in Washington state who sell 15 or more powered vessels per year, each with a retail value greater than $2,000 and typically 16 feet or longer for use on navigable waters, must obtain this bond as part of obtaining a vessel dealer license from the Washington Department of Licensing at each business location.

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.

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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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