The State of Florida Department of Business and Professional Regulation requires the Florida Yacht and Ship Broker Surety Bond.
The Department of Business and Professional Regulation requires that the Florida Yacht and Ship Broker Surety Bond have a bond amount of $25,000. However, this bond will not cost $25,000 to obtain. We can write this bond for as low as 1% of the bond amount, so Surety1 can write this bond for you at only $250 for the year! To get a free quote on how much it would cost you, fill out our free online application to get a free quote from one of our surety experts.
A yacht and ship broker is someone who performs the services of buying and/or selling previously owned yachts on behalf of another person for compensation. The term “yacht” is defined as any vessel in the water which is propelled by sail or machinery, exceeds 32 feet in length, and weighs less than 300 gross tons.