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Other: YACHT DEALER BOND

(Fri Sep 17th, 2010, by JENNY LIN)


What would be your dream job?  Some may answer, “working with kids” or “doing something creative” or “anything that involves travel”; all good answers indeed.   How about a job that puts you at the marina every day?  Imagine “test driving’ a beautiful yacht through the breakwater helping people make a totally awesome purchase of a new boat.  What could be not to like about a job like that?

Of course, not every boat is sold dockside.  Dry storage, a boat lot of sorts, is where people buy boats from an inland boat brokers.  I think I will opt for the coastal waterside sales as I imagine my dream job.  Buying a boat is a major purchase, and for this reason each yacht broker must be licensed, insured, and bonded.  This law pertains to anyone buying, leasing, or selling new or used vessels. Surety yacht broker bonds serve to protect the consumer much as a completion or building bond does during construction.  Always look for a reputable yacht dealer who will be licensed, insured, and bonded according to legal requirements.  For Georgia and Florida yacht brokers, a $20,000 yacht broker bond must be pruchased.  Amounts for subsequent years are determined by gross sales for the previous year.  Costs for yacht dealer bonds vary according to personal and business credit history and financial strength.  Dry dock or seaside, all yacht dealers must be bonded. 

When looking for a bonding agency for yacht dealer bonds, the process will go quickly and smoothly if you deal with a long standing reputable company with a history of satisfied clients and repeat business.  When shopping for yacht broker bonds, look for a surety bonding agency with experienced staff who will be able to find the best surety yacht dealer bond deals for your yacht sales business.  Surety 1, Surety Solutions Insurance Services, Inc., has been doing business with the yacht sales industry, as well as 100’s of other surety bonds, in 50 states for many years.  Their team of agents will insure the process of purchasing a yacht broker bond goes quickly and simply. 

Whether you are a single team sales force or a large yacht brokerage, Surety 1 will be able to meet your needs for broker bonds.  Surety 1, Surety Solutions Insurance Services, Inc., is also able to help clients with challenged credit to secure the necessary bonding required by the state.  Happy cruising! 

 

AUTHOR INFO We write almost any kind of surety and fidelity bonds, including Performance and Payment bonds, Subdivision bonds, License bonds, Court bonds, as well as yacht dealer bonds.  At Surety Solutions you will find fast, friendly service, knowledgeable staff, and competitive rates for yacht dealer bonds.

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