1 (844) 589-9732 info@ameriprosuretybonds.com

Washington Surplus Lines Broker Bond

The $20,000 Washington surplus lines broker bond is now an instant issue surety with AmeriPro Surety Bonds We can email you a copy of the bond immediately upon issuance and the original will be the following business day. 844-589-9732.  The $100,000 surety bond amount is offered for those with good credit at 1%.

Washington Surplus Lines Broker Bond |

AmeriPro Surety Bonds | 844-589-9732

 

Washington Surplus Lines Broker: Definition

 

Surplus lines brokers are just that— insurance brokers, and insurance agents who provide insurance policies through carriers which are non-admitted, that is, carriers which are not licensed in a particular state.

Update June 2019 — Our agency now offers the $20,000 Washington surplus lines broker bond for a flat fee of $200, annually.  There is no credit check; this surety bond is an “instant issue” bond.   After the the application has been completed, and the premium paid (you may also prepay this bond for up to 3 years), the bond is issued to you immediately for filing with the state’s Insurance Department.

 

Qualifying and the Premium; Premium Prepayment Options

There are two separate Washington surplus lines broker surety bond amounts in accordance with RCW 48.15.070:  One for $20,000; a second for $100,000.

Qualifying for the $20,000 is easy, and requires no credit check.  You are automatically approved.  After completing an application — which we’ll take from you over the phone — and paying the $200 premium, the bond is issued to you immediately.  The now-issued surety bond will be mailed to you by the following business day after its issuance.

Qualifying for the $100,000 surety bond requires a signed application from you and a credit inquiry.  Good credit is required and the premium will be $1000 annually.

Premium Prepayment Options

Both surety bond amounts can be prepaid up to 3 years, thereby offering you a savings over renewing your bond and the premium annually.

The premium prepayment options and savings are as follows:

– $20,000 Surety Amount-

  • If prepaid for 2 years, the premium is $360, a $40 savings;
  • If prepaid for 3 years, the premium is $520, an $80 savings.

-$100,000 Surety Amount-

  • If prepaid for 2 years, the premium is $1800, a $200 savings;
  • If prepaid for 3 years, the premium is $2600, a $400 savings.

 

 

When are Surplus Lines Brokers Used?

 

 

 

 

A surplus lines broker may become necessary when the type of insurance needed is, say for a business entity, that is engaged in an unusual line of business which doesn’t neatly fall into a definable category.

A surplus lines broker is also used when one is engaged in a business which may have an unusual number of claims.

Surplus lines brokers may also be needed when the item or person or thing being insured is unusual or not quite quantifiable.

For example, a singer with a beautiful (or, at least, financially lucrative) voice may be asked to insure their vocal chords due to the financial value involved, and the potential loss, should that person become unable to sing.

 

 

Licensing Fees for a Washington Surplus Lines Broker

 

 

 

Both first time and applicants who previously held a surplus lines broker license and who wish to reapply have a licensing fee which totals $205.

The same holds true for both individuals and business entities.

 

Washington State Surplus Lines Broker Bond Requirements

 

Non-resident surplus lines brokers licensees are not required to maintain a bond if they do business in Washington state.  They are, however, required to have a Washington state non-resident license.

To get a license as a surplus lines broker in Washington state, a bond is not required; however, to place business as a surplus lines broker, a bond is required.

If, however, a surplus lines broker is licensed and works for a BE (Business Entity) in Washington, the license holder may not be required to have their own bond, since the BE is required to have a surety bond in place.

 

 

AmeriPro Surety Bonds

 

In addition to surplus lines broker bonds, AmeriPro Surety Bonds provides court, fiduciary, license & permit, and commercial bonds in Washington State.

We also provide all types of bonds in all 50 states.

844-589-9732

 

Apply Today!

  • Date Format: MM slash DD slash YYYY
  • While you don't have to complete the address field, doing so enables AmeriPro Surety Bonds to better determine exactly where you have a surety bond need. Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

New Hampshire Professional Fundraiser Bond

New Hampshire Professional Fundraiser Bond AmeriPro Surety Bonds | 844-589-9732       Professional Fundraisers – New Hampshire       The $20,000 surety bond required of New Hampshire professional fundraisers is also referred to as a New...

New Hampshire Mortgage Broker Bond

New Hampshire Mortgage Broker Bond | AmeriPro Surety Bonds | 844-589-9732       New Hampshire Mortgage Brokers       The New Hampshire Banking Department, which licenses and regulates mortgage brokers, requires a $50,000 surety bond as a...

New Hampshire Certificate of Title Bond

New Hampshire Certificate of Title Bond | AmeriPro Surety Bonds | 844-589-9732       New Hampshire – Lost or Defective Car Title       If you are attempting to register a vehicle in New Hampshire, and the Division of Motor Vehicles is...

contact us

Office: 1 (844) 589-9732

Email: info@ameriprosuretybonds.com

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)