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 we make it easy to apply for your free quote. With our easy to use on-line application, you can get bonded in no time. Simply complete the application and within 1 business day a professional surety bond agent will contact you with a firm, no obligation quote. Then, make payment, return some paper work with signatures (electronic signatures accepted) and your bond will be shipped to you via USPS priority mail. Overnight shipping is also available.
Surety1 has been an online provider of California Surety Bonds since 2003. In 2019, Surety1 became part of AssuredPartners, one of the nations largest insurance agencies. Surety1 represents over a dozen, A rated surety bond carriers and maintains an A+ rating from the Better Business Bureau.