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…
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 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.
StateWABond amountVaries by license type or projectObligeeState of WashingtonBond classLicense BondCategoryOtherBondVessel Dealer BondPlain descriptionA 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 bu…Who needs this bondVessel 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…
