Washington Contractor's License Bond Bond Amount Rider

State:
Washington
Control #:
WA-SKU-4057
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Washington Contractor's License Bond Bond Amount Rider
Washington Contractor's License Bond Amount Rider is a document that is required by the State of Washington in order to grant a contractor’s license. This rider allows the contractor to increase the amount of their contractor’s licensbondnd amount—up to twice the amount of the initial bond. The rider must be signed by the contractor and the surety company before it can be approved by the state. There are two types of Washington Contractor's License Bond Amount Rider: 1. Standard Rider: This rider allows the contractor to increase the amount of their contractor’s licensbondnd amount—up to twice the amount of the initial bond. 2. Special Rider: This rider allows the contractor to increase the amount of their contractor’s licensbondnd amount beyond what is allowed by the Standard Rider. The Special Rider must be approved by the state before it can be used.

Washington Contractor's License Bond Amount Rider is a document that is required by the State of Washington in order to grant a contractor’s license. This rider allows the contractor to increase the amount of their contractor’s licensbondnd amount—up to twice the amount of the initial bond. The rider must be signed by the contractor and the surety company before it can be approved by the state. There are two types of Washington Contractor's License Bond Amount Rider: 1. Standard Rider: This rider allows the contractor to increase the amount of their contractor’s licensbondnd amount—up to twice the amount of the initial bond. 2. Special Rider: This rider allows the contractor to increase the amount of their contractor’s licensbondnd amount beyond what is allowed by the Standard Rider. The Special Rider must be approved by the state before it can be used.

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FAQ

General contractors require a $12,000 surety bond, and specialty contractors need a $6,000 bond that they must post to the Washington State Dept. of Labor & Industries (L&I). Electrical/telecommunication contractors must submit a $4,000 surety bond when applying for a license from the L&I.

How to Get a Washington Contractor License: Be sure you need a contractor's license.Register your business with the WA Secretary of State.Register with the Department of Revenue.Get an EIN Number.Get bonded.Obtain proof of insurance.Submit your application.

Does a handyman need a license in Washington State? Yes, you need a handyman license in Washington if your project value exceeds $2,000. In this case, you must have a contractor license in the category of work you're doing.

In fact, most businesses that are licensed by the state are required to be bonded. Washington surety bonds are most commonly issued in the licensing and permit professions, contractors when completing construction projects, and court bonds to ensure fulfillment of required court procedures.

Washington Contractor License Bond Requirements General contractors require a $12,000 surety bond, and specialty contractors need a $6,000 bond that they must post to the Washington State Dept.

To file suit against a contractor, file a summons & complaint To serve the contractor's bond: You must send to L&I three copies of your Summons & Complaint form.L&I will serve the contractor and the bond company with the lawsuit.

Contractor Specialties Register your business with Department of Revenue. Get a surety bond or an assignment of savings. Purchase a general liability insurance policy. Complete your Application for Contractor Registration. Pay the required application fee of $124.70.

More info

The amount depends on your license type and location. Olympia WA 98504-4450.Telecommunication contractors. ROW bond requirement always applies when the permit is issued to contractor. Your exact premium will depend on your contractor license classification and its bond amount. Additional information on bonding requirements is provided in the license application packet. View Details Apply Contact Us. bond icon. Download Washington Contractor''s License Bond Validation Rider (F625-098-000) – Department of Labor and Industries (Washington) form. The Contractor shall pay for a surety bond in the full amount of the Contract Sum plus sales tax, pursuant to RCW 39.08. You may be obligated to provide a bond as part of a business license or contract requirement.

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Washington Contractor's License Bond Bond Amount Rider