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Washington vessel dealer bonds.
$100 flat.

Washington licenses vessel dealers through the Department of Licensing under RCW 88.02.710, and conditions the license on a $5,000 bond. Ours is $100 flat — the price you see is the checkout price — and license bonds like this issue instantly.

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Required for your vessel dealer license under RCW 88.02.710
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Fixed price, fixed amount — $5,000 bond, $100, no quote process
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Multi-year terms available — set it up once, forget it for up to 3 years
A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
Price

How much does a Washington vessel dealer bond cost?

$100 at the $5,000 amount, the same for every applicant.

How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That is the application. No credit check.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase.

SAME DAY

File with the Department of Licensing

Your executed bond and power of attorney arrive by email, ready to file with your vessel dealer license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

Washington licenses vessel dealers through the Department of Licensing under RCW 88.02.710. The bond is a consumer-and-state-protection guarantee: it stands behind the way you handle vessel title transfers, taxes, and your dealings with buyers.

The bond runs to the state of Washington, is approved by the attorney general as to form, and is conditioned that you will conduct business as required under the vessel-registration chapter. Harmed buyers and the state can recover against it.

The penal sum is $5,000. A small dealer selling fewer than sixteen vessels a year, each with a retail value of $2,000 or less, is exempt from the bond — so if you fall under that threshold, confirm with DOL before buying. If the bond is exhausted or canceled, your license is automatically canceled, so we keep it continuous and notify you 60 and 30 days out.

RCW 88.02.710 (Department of Licensing)RCW 88.02.710 requires a vessel dealer to file a $5,000 surety bond with the Department of Licensing, running to the state of Washington, approved by the attorney general as to form, conditioned that the dealer conducts business as required under chapter 88.02 RCW. A dealer selling fewer than sixteen vessels per year, each with a retail value of $2,000 or less, is not required to file a bond. If the bond is exhausted or canceled, the license is automatically canceled.

You need this bond if you're

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Applying for a vessel dealer license through the Department of Licensing
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Renewing your vessel dealer license and your current bond is expiring or non-renewing
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A boat or yacht dealership selling sixteen or more vessels a year
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Adding a vessel-sales location that the Department ties to a bond filing
After you buy

Claims, renewal, filing, and what sets the price.

If a claim is made

A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.

The surety investigates and pays a valid claim, up to the $5,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.

Renewal and term

The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.

Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.

How to file it

File with the Department of Licensing. Your executed bond and power of attorney arrive by email, ready to file with your vessel dealer license application or renewal. Wet-ink original mailed on request.

What sets the price

The premium is fixed at $100 at the $5,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.

No credit check.

One application, issued instantly.

These are the actual issuing fields. No credit check.

Start the application →
FAQ

Common questions.

How much is the Washington vessel dealer bond?The premium is $100 flat — set by our carrier's rate book for this bond, not a percentage formula. The $5,000 bond amount is set by RCW 88.02.710, so there is no quote process.
Do I pay the $5,000?No. You pay $100. The $5,000 is the surety's maximum liability to the state and harmed buyers — not a deposit, and nobody holds your money.
Do all vessel dealers need this bond?Most do. The statute exempts a dealer selling fewer than sixteen vessels a year, each with a retail value of $2,000 or less. If you are above either threshold, you need the bond — when in doubt, confirm with DOL.
Is there a credit check?No credit check: the application collects no credit information. Most applications approve instantly.
When does it renew?The bond must stay active for as long as you hold the license — if it is canceled, your license is automatically canceled. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out, with autopay available.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
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Price and requirements checked on the carrier’s application, . Page updated .

Finish your license checklist today.

$100 flat, no credit check, bond often issued in the same sitting. Free until issued.

Your price$100
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