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Washington
Vessel Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $5,000
Term Length: 1 year
Cost: $100
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Washington Vessel Dealer Bond Guide

If you’re applying for a vessel dealer license in Washington, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To guarantee licensed professionals follow all state laws and regulations
  • Who Needs It: Boat dealers that sell 15+ vessels per year
  • Regulating Body: The Washington Department of Licensing, Business Licensing Service
  • Required Coverage: $5,000
  • Premium Rate: $100 for a 1-year term

Learn all about the bond requirements and process in this guide.

What Is a Washington Vessel Dealer Bond?

A Washington vessel dealer bond protects consumers from financial harm if a vessel dealer fails to uphold state licensing laws and regulations. 

The Business Licensing Service requires this bond for dealers who sell 15 or more vessels per year with a retail value greater than $2,000. If you have multiple business locations, you’ll need a $5,000 bond per location.

How Much Do Boat Dealer Bonds Cost?

A $5,000 Washington vessel dealer bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes! 

Bond Type
$5,000Vessel Dealer Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.

How Do I Get My Bond?

With SuretyBonds.com, you can buy your Washington boat dealer bond instantly online. Just enter your information and checkout in minutes. 

We’ll email you the bond shortly after purchase. Be sure to file it with the Department of Licensing as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Washington Vessel Dealer Bond Work? 

A vessel bond creates a legal contract between these three parties: 

  1. Principal: You, the boat dealer filing the bond
  2. Obligee: The Washington Department of Licensing requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding all applicable provisions of the Revised Code of Washington. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your vessel bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

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