Ohio Boat Registration Agent Bond

Ohio Boat Registration Agent Bond

A bond is required for those who are authorized by the Ohio Department of Natural Resources, Division of Parks and Watercraft to sell boat and watercraft registrations. The bond is officially titled the Surety Bond for the Sale of Watercraft Certificate of Registration but, for the sake of brevity, will be referred to as the Boat Registration Agent Bond. 

QUOTE

Jet Insurance Company offers this bond as a financial guarantee to the Division of Parks that they will be paid for the sale of watercraft registrations if the authorized agent cannot or will not submit the necessary payment.

What Is the Price for the Ohio Watercraft Registration Agent Bond?

With Jet, the cost of a Boat Registration Agent Bond can start as low as $10 or $100 per year. The price depends on the bond limit required and the financial status (confirmed by a soft credit check) of the authorized agent applying for the bond. The bond limit must be at least $8,000 but can be set higher by the Division of Parks and Watercraft. 

Below, you can find the rates for an applicant in good credit standing at different bond limits. 

Bond LimitMonthlyAnnual
$8,000$10$100
$15,000$11$113
$20,000$15$150
$25,000$19$188
Ohio Boat Registration Agent Bond Rates

Whether you choose our one-of-a-kind monthly payment plan to break up your payments or our annual payments that don’t include broker fees (that a middleman would tack on) Jet allows you to choose which option works best for you, regardless of the bond limit.

How to Purchase and File the Ohio Boat Registration Agent Bond With Jet

Within minutes, you’ll be able to complete Jet’s step-by-step application that only requires information necessary to get you quoted. This includes the bond limit, general business information, and your social security number to conduct the soft credit check. Don’t worry, a soft check will not impact your credit score. 

After you finish the application, you will generally have an approved rate that is ready to purchase. Occasionally, higher limits will need to be reviewed by a Jet underwriter; if this is the case, you will receive an email with the approved rate and can purchase by clicking the link and providing payment. 

Once you have paid, Jet will send you a digital copy of your bond and receipt. Jet can file the bond for you, or you can request the bond to be mailed to you so you can file it yourself with the Division of Parks and Watercraft.

The address to submit the original bond is:

ODNR Division of Parks and Watercraft
Building A1
2045 Morse Rd
Columbus, OH 43229

Renewing Your Boat Registration Agent Bond in Ohio

This bond needs to be active during your time as an authorized agent for selling watercraft registrations. If your bond limit changes at any point during this time, notify Jet right away. For monthly payments, each payment that is processed will keep your bond running and a formal renewal is not needed. 

For payments completed on an annual or multi-year basis, Jet will send you a renewal notice via mail and email plenty of time before your bond term is up. Simply complete the notice indicating your new term and pay the renewal premium and Jet will take care of the rest for you. 

Can I Cancel My Ohio Watercraft Registration Agent Bond?

As for cancellations, you must send a written notice to Jet, such as an email to [email protected]. Jet will request cancellation from the Division of Parks and Watercraft and is at the mercy of the Division’s policy before the bond is fully cancelled. Those who paid for their bond in full at the time of purchase and cancel early may receive a partial refund. Once Jet has been fully released of liability, a calculation of any time remaining on the bond will be done to see if a refund is applicable.

How Does an Authorized Agent Avoid Bond Claims and What Happens if a Claim Occurs?

The purpose of the Watercraft Registration Agent Bond is to safeguard against an authorized agent withholding payment from the Division of Parks and Watercraft. As long as the agent can fulfill the transfer of payment, according to Chapters 1547 and 1548 of the Ohio Revised Code, there should be no cause for a claim. If there is any indication that there is a missing payment, it is best to ensure that payment is made immediately to avoid the hassle of a bond claim. 

However, if payment is missing, the Division will file a claim on the Boat Registration Bond to collect the payment that was due. As soon as a claim is filed, contact Jet right away. We are obligated to conduct an investigation into the allegation. Even though we will always defend against false allegations or malfeasance, a government agency will typically hold valid evidence. 

If the claim is found to be legitimate, Jet must remit payment to the Division on your behalf. Since your actions led to the bond claim, you are ultimately responsible and must pay Jet back to avoid difficulties receiving a bond in the future, which is needed to continue working as an authorized agent for selling boat registrations.

Are There Other Bonds That an Authorized Boat Registration Agent Needs in Ohio?

Maybe — the Division of Parks and Watercraft can authorize a county clerk to sell watercraft registration certificates. A clerk must already carry a bond under Section 2303.02 of the Ohio Revised Code to conduct their business. A clerk that is bonded to perform their duty as a clerk will not be required to also submit the Boat Registration Bond.

Ohio Boat Registration Agent 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: