Florida Yacht and Ship Brokers Bond ($25,000) Florida Yacht and Ship Broker Bond is required by The State of Florida Department of Business and Professional Regulation to comply with the State licensing requirements. Each state has drafted their own Yacht and Ship Broker Bond Form, so you will need a different Yacht and Ship Broker Bond for each state you will be transacting business in.
This bond is issued by the State of Florida Department of Financial Services, Division of Insurance, pursuant to Chapter 641.01 et seq., Florida Statutes, and is subject to regulation by the Commissioner of Insurance. This bond is issued by Florida Yacht and Shipbrokers, Inc. ("Florida Yacht") to provide protection against loss or damage to property owned by Florida Yacht arising out of marine insurance risks.
This bond protects Florida Yacht and its principals against losses from marine insurance claims paid by the insurer.
This bond provides coverage for the following types of risks:
This bond does not cover risks associated with vessel ownership, operation, maintenance, repair, or charter.
This bond covers only those risks covered by the policy of marine insurance issued by the insurer.
If the insured has multiple policies covering the same risk, the bond shall apply only to the extent that the total amount of the combined limits of the policies exceeds $25,000.
This bond is renewable annually upon payment of the premium.
Buy a bond in 5 minutes.
Many bonds are immediately available for download.
We never charge for quotes.
Palmetto Surety is one of the nation’s top surety providers.
Marketing By Mass Impact
© 2022 Palmetto Surety
75 Port City Landing
Ste 103Mt. Pleasant SC 29464
Agricultural & Citrus BondsAlcoholic Beverage & Tobacco Tax BondsAuto Dealer BondsCollection Agency BondsContractor License BondsCourt & Fiduciary BondsERISA BondsFuel Tax BondsLicense & Permit BondsProbate BondsPublic Official Bonds