A Yacht and Ship Broker bond is required for anyone who wants to legally buy, sell, or arrange transactions for boats and ships in California. This $15,000 bond protects consumers from dishonest business practices, like a broker taking your money and not delivering the boat you purchased or misrepresenting a vessel's …
Overview
What it is.
A Yacht and Ship Broker bond is required for anyone who wants to legally buy, sell, or arrange transactions for boats and ships in California. This $15,000 bond protects consumers from dishonest business practices, like a broker taking your money and not delivering the boat you purchased or misrepresenting a vessel's …
Who usually needs it
Yacht and ship brokers in California.
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.
StateCABond amount$15,000ObligeeState of CaliforniaBond classLicense BondCategoryOtherBondYacht and Ship BrokerPlain descriptionA Yacht and Ship Broker bond is required for anyone who wants to legally buy, sell, or arrange transactions for boats and ships in California. This $15,000 bond protects consumers from dishonest business practices, like…Who needs this bondYacht and ship brokers in California.
