Florida Yacht and Ship Broker or Salesperson Bond

Florida Yacht and Ship Broker or Salesperson Bond

For those in the business of selling yachts, a Yacht and Ship Brokers’ or Salespersons’ Bond must be filed with the Florida Department of Business and Professional Regulation as protection against the broker/salesperson’s fraudulent actions. Brokers need to hold a $25,000 surety bond, while salespersons need a $10,000 bond.

VIEW YOUR BOND PRICE

Choosing Jet Insurance Company as your bond provider lets you sail through the bonding process; our application takes minutes to complete and we are a direct insurance company, meaning there aren’t any middlemen bogging you down. 

What Is the Lowest Price for the Yacht Broker/Salesperson Bond?

With Jet, your $10,000 Yacht Salesperson Bond can cost as little as $175 for a 2-year term, and a $25,000 Yacht Broker Bond starts at $438 for a 2-year term. Rates are based on a soft credit check—don’t worry, this doesn’t impact your credit score.

Bond TypeRates Start At
$10,000 Salesperson Bond$175
$25,000 Broker Bond$438
Florida Yacht Seller Bond Rates

The Yacht and Ship Broker or Salesperson Bond Process With Jet

The application can be completed quickly, and you’ll find an approved quote right away. Once purchased, Jet will send you an email confirmation with a receipt and an electronic copy of your bond. The original will be sent to you via mail. 

When you receive the original copy of the bond, sign it, have a witness sign it, and submit it along with the Yacht and Ship Employing Broker, Broker or Salesperson’s License Application to the following address:

Section of General Regulation
Division of Florida Land Sales, Condominiums, and Mobile Homes
2601 Blair Stone Road
Tallahassee, FL 32399-1030

How to Renew My Bond

The Yacht Broker/Salesperson Bond has a 2-year term to line up with the license. Renewal details here.

How to Cancel My Bond

Your Yacht Broker/Salesperson Bond has a 30-day cancellation period. See how to cancel your bond early.

How Does a Broker or Salesperson Avoid Yacht and Ship Bond Claims?

A yacht broker or salesperson is bound to follow their license obligations and the Yacht and Ship Brokers’ Act (Chapter 329, Florida Statutes). The Yacht Salesperson/Broker Bond covers financial damages when the salesperson or broker engages in the following actions: 

A person who loses money because a salesperson or broker acted this way can find compensation from the bond, with claims not exceeding the bond limit. Any proceedings that occur will need to be in agreement with Chapter 120, Florida Statutes. 

Once a claim is filed on the Yacht Broker/Salesperson Bond, Jet will verify whether the claim is valid. Any evidence available will need to be submitted for review, so any proof in your favor should be submitted. If the claim is valid, Jet will need to pay out the claim to the affected person. 

After the claim payout, the yacht broker/salesperson will need to repay Jet in the amount of the claim. The Department of Business and Professional Regulation will require a new bond to be filed within 10 days of final judgment to prevent license suspension or revocation.

Florida Yacht and Ship Broker or Salesperson Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: