Washington Contractor License Bond's are required by Washington's Board of Contractors to obtain your Washington Contractor License Bond. The Washington Contractor License Bond amount is set at $5,000.
a $5,000-$6,000 surety bond
There are 3 parts to a Contractor License surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Contractor License Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
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If the Principal, in compliance with the provisions of chapter 18.27 RCW, pays all (1) wages and benefits to
persons furnishing labor to the Principal, (2) amounts that may be adjudged against the Principal by reason of
breach of contract including negligent or improper work in the conduct of the contracting business, (3) persons
who furnish labor and materials or rent or supply equipment to the Principal, and (4) taxes and contributions
due to the State of Washington, the obligation of the Principal and the Surety shall be null and void. If the
Principal does not pay the above claims, the bond shall remain in full force and effect. In no case shall the
Surety be liable for any claim not included in RCW 18.27.040.
Any person that has a claim against the Principal, arising from the failure of the Principal to pay and of the four
items referred to in paragraph 3, may bring suit upon the bond in the superior court of the county in which the
work was done, or of any county in which the court has jurisdiction over the Principal. The suit must be
brought within the time and the manner required by RCW 18.27.040.
The aggregate liability of the Surety under this bond for claims against this bond shall not exceed the penal
sum of this bond. No extension by continuation certificate, reinstatement, reissue, or renewal of this bond shall
increase the liability of the Surety. If the claims against the bond that are pending at any one time exceed the
remainder of the aggregate liability minus the amounts previously paid by the Surety because of other claims
against this bond, the claims shall be satisfied in accordance with the provisions of RCW 18.27.040.