Florida — Yacht And Ship Broker Bond
Florida distinguishes a yacht-and-ship broker's $25,000 security from a salesperson's $10,000 security. Match the broker role and Division-approved instrument before starting this application; the bond is one part of licensing, not permission to begin brokerage.
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- Recorded state
- Florida
- Bond type
- Aircraft / Vessel Dealer & Agent Bond
- Category
- Vehicles, titles & transportation
What this bond does
Provide the broker security described by Florida's Yacht and Ship Brokers' Act, using the accepted form and the broker identity in the licensing file.
- Who needs it
- An applicant for the Florida broker credential for covered yacht transactions on behalf of others, rather than a salesperson or an owner assuming every private yacht sale requires brokerage security.
- Who it protects
- The Act conditions broker security on written transaction-contract compliance and compliance with its provisions. Covered claim rights are subject to the statute and instrument; it does not insure hull damage or guarantee every transaction's outcome.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Florida Statutes Chapter 326: Yacht and Ship Brokers (opens in a new tab)Checked October 26, 2026
Have these ready
- Confirm that the licensing file is for a broker, not a salesperson.
- Use the broker's exact licensed or proposed business identity.
- Have the Division-approved form, required security and license-period dates ready.
- Check continuation, cessation and delivery requirements separately from the provider application.
Questions about this bond
Is the broker security the same as a salesperson's?
Section 326.004 states $25,000 for a broker and $10,000 for a salesperson. Match the actual credential and accepted form; this page does not offer those two amounts as interchangeable choices.
Does every owner selling a yacht need this bond?
The Act includes licensing exceptions, including a person selling their own yacht. Determine the actual transaction and role rather than treating every vessel sale as broker activity.
Is this boat insurance or a guaranteed refund?
No. The Act and accepted instrument define covered transaction violations and claims. Hull insurance and a promise to refund any disputed purchase are different matters. Purchase Now opens Propeller for the broker-security application.