Beauty school bond cost
The Washington State Department of Licensing requires cosmetology, barbering, esthetics and/or manicuring schools to post a surety bond to legally operate within the state. The required amount of bond coverage must be equal to 10% of the annual gross tuition collected by the school and be no less than $10,000 and no more than $50,000.
These bonds are subject to underwriting, which means the price you’ll pay depends on a review of your personal credit report. Because this bond is school-related, most surety underwriting companies require current business financials and a personal financial statement. Begin the bonding process by requesting your free bond quote now!
Why this bond
Washington cosmetology, barbering, esthetics and/or manicuring schools are put in place to ensure that principals (schools) comply with all provisions of Chapter 18.16 of the Revised Code of Washington and with all rules and regulations adopted by the Director of the Department of Licensing. Specifically, the bond guarantees that schools will uphold all contracts with students/tuition payers and reimburse students for already-paid tuition and other fees that are not delivered upon if the school ceases to operate or defaults on contracts for any reason.
Cosmetology school bond details
Cosmetology, barbering, esthetics and manicuring school surety bonds in Washington are continuous until canceled. If the surety decides to cancel this bond, it must provide 30 days’ written notice prior to the termination date to the Business and Professions Divisions.
This surety bond does not cover community colleges and vocational schools. Applicants must know if the school is a sole proprietorship, partnership or corporation, and must enter the business type in the description field of the bond form.To get you bonded quickly and accurately, surety underwriting companies need the following information:
- the type of instructional services being offered
- the number of estimated students
- how tuition is expected to be paid and accepted
- the amount of tuition
Start a beauty school
To become a licensed cosmetology school in Washington, applicants must:
- file a Business License Application
- obtain a Unified Business Identifier number
- file a Cosmetology, Barbering, Esthetics or Manicuring School License Application
- pay all required fees
- provide copies of the school’s curriculum, catalog, brochure (if applicable), enrollment contract and cancellation and refund policies
- post a surety bond in the proper amount
- file a Cosmetology, Barbering, Esthetics and/or Manicuring School Data Sheet
Licenses must be posted in the reception area of the school.Take the first step toward becoming licensed in Washington by purchasing the surety bond you need!
Apply for your surety bond
Get a FREE Washington cosmetology school bond Quote Today! Click here to begin