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Yacht & Ship Broker Surety Bond

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Yacht & Ship Broker Surety Bond

What is a Yacht and Ship Broker Surety Bond?

A Yacht and Ship Broker Surety Bond is required of all entities who sell, list, or negotiate on the behalf of others, ships or yachts in exchange for commission or other compensation.  The Yacht and Ship Broker Surety Bond intends to protect the public from misrepresentation, fraud, and other illicit actions of the yacht and ship broker.  These bonds are required on a state-by-state basis

What is the current market for a Yacht and Ship Broker Surety Bond?

Yacht and Ship Broker Surety Bonds are widely written by multiple surety bond markets.  The total bond amount for the Yacht and Ship Broker Surety Bond varies by state.  Terms of approval and premium are largely determined by the financial condition of the yacht and ship broker's corporate and/or personal net worth and experience.

How do I apply for a Yacht and Ship Broker Surety Bond?

  1. Start by filling out our Yacht and Ship Broker Surety Bond Application by clicking here; and
  2. Email or fax the information to submissions@dblsurety.com or 888.204.8716.

Please note that additional underwriting information may be needed depending on bond request, information submitted, and to obtain the lowest possible rate.

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By Bart Leek

 
 
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DBL Surety, LLC 1500 Beville Rd. Ste. 606 #311 FL 32114
Ph: 386.316.2547 | Fax: 888.204.8716