The California Yacht and Ship Broker Bond is required by the California State Parks, Division of Boating and Waterways. The amount of the bond $15,000 and it must be written by a surety company that is registered to do business in the State of California. This bond is completed during the application process for Yacht and Ship Broker License. The bond will be provided with original signatures and a raised seal.
Why do you need this surety bond?
In order to obtain a Yacht and Ship Broker License in the State of California, licensees must first obtain a surety bond. Licensees cannot complete the broker license application process without having filed this bond. The California Yacht and Ship Broker Bond does not take the place of the license, nor does it act as insurance for your company. This bond is written for and in favor of the State of California and the public and it protects them from any financial harm, loss or deceit that your company may cause.
How to I apply for the California Yacht and Ship Broker Bond?
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Surety Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.