The Basic Principles Of Insurance for Contracting Businesses - Commercial Contractor

Before you complete your renewal, use our Verify a Specialist, Tradesperson, or Organization tool to ensure that your: Surety bond or assignment of account and general liability insurance coverage details depends on date. Contractor registration is not suspended. Restore online To restore online, you will require the following info: Your 12-digit Contractor Registration number.

The needed fee of $124. 70. We accept Visa, Master, Card, Discover and American Express credit or debit cards. We likewise accept E-Check, a one-time withdrawal from your monitoring account. Renew by mail Review the details on the specialist registration renewal card you got in the mail. If your details is correct, and your needed documents is current, mail the renewal card with a check or money order in the amount of $124.

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You can pay by cash, check, money order, or credit/debit card. If you have a new bonding company/bond quantity or a brand-new insurer or coverage amount given that you last restored, you will require to upgrade your info before you renew. Your bond amount can not be decreased for 2 years if you change from a general to a specialty professional.

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The Contractor insurance - Buildings Information System (BIS) Statements

The bond needs to be the original, uncorrected file, not a photocopy.  Builders Risk  of your business on your bond must be exactly the exact same as the one on file with L&I. It should reach L&I prior to the "filing date" shown on the bond. New or updated insurance To renew your insurance coverage, we should have: Your brand-new certificate of general liability insurance, for a minimum of $250,000.

The name of your business on the certificate should be precisely the exact same as the one on file with L&I. Bring all required documents and your renewal payment of $124. 70 to your regional L&I workplace, or mail it to: Department of Labor & Industries, Specialist Registration Area, PO Box 44450Olympia, WA 98504-4450 Include your registration renewal card with your documentation.

Restore We suspend a registration when the registration requirements are not met, such as a bond or insurance cancelling or expiring or an unsatisfied judgment. When we suspend a registration, we will notify you by both certified and top-notch mail within 2 days of the suspension. The letter will inform you what you need to do to renew your registration.