Contractor license bond cost
The Washington Department of Labor and Industries requires certain contractors to be bonded before they can be licensed to work within the state. Electrical/telecommunications contractors must post $4,000 bonds, specialty contractors must post $6,000 bonds and general contractors must post $12,000 bonds. Fire sprinkler system contractors must post $10,000 surety bonds. The required amounts of farm labor contractor bonds and continuous contractor bonds vary on a case-by-case basis. Applicants should verify their required bond amount with the state prior to bonding.
Side sewer contractors in Milton, Washington, must post $5,000 surety bonds, while side sewer contractors in Seattle must post $30,000 surety bonds.Right of way contractors in various cities must also be bonded.
Some of these bonds can be issued instantly for as low as $100 without a credit check, while others are subject to underwriting consideration.Contact one of our surety specialists to receive a free, personalized bond quote within 1 business day of applying. Call 888.610.4474, or click here, to begin the bonding proces
Electrical/Telecommunications Contractor Bonds
By posting an electrical/telecommunications contractor surety bond in Washington, principals (electrical/telecommunications contractors) pledge to pay for all labor, including employee benefits and materials furnished or used upon the work, all taxes and contributions due to the state and all damages sustained by any person, firm, corporation or other entity that become due to the state as a result of the principal’s failure to complete installations or maintenance in accordance with any applicable ordinance, building code or regulation of a city or town pursuant to RCW 19.28.010(3).
If the principals fails to comply with these terms, the surety will cover resulting damages up to the full bond amount, and the principal must reimburse the surety for all damages paid out.Applicants must know the business entity type (sole proprietorship, partnership or corporation) when applying for this bond.Washington electrical/telecommunications contractor bonds remain continuous until canceled by the surety. The surety can cancel the bond by giving written notice of cancellation to the license holder/principal and to the Department of Labor and Industries Electrical Section 45 days prior to the effective cancellation date.
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