Form F625-101-000 Washington Contractor's License Bond - Date Change Rider - Washington

What Is Form F625-101-000?

This is a legal form that was released by the Washington State Department of Labor and Industries - a government authority operating within Washington. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the F625-101-000 Washington Contractor's License Bond?
A: The F625-101-000 Washington Contractor's License Bond is a bond required for contractors in Washington state to ensure their compliance with licensing laws and regulations.

Q: What is the Date Change Rider for the Washington Contractor's License Bond?
A: The Date Change Rider is a supplemental document that allows the bond's effective date to be changed.

Q: Why would I need to change the effective date of my Washington Contractor's License Bond?
A: You may need to change the effective date if there has been a delay in your licensing process or if you need to align the bond's effective date with other important dates or requirements.

Q: Are there any specific requirements for the Washington Contractor's License Bond?
A: Yes, the bond must be in the amount required by the Washington State Department of Labor & Industries, and it must be issued by a surety company authorized to do business in the state.

Q: How much does the Washington Contractor's License Bond cost?
A: The cost of the bond varies based on the contractor's creditworthiness, the bond amount required, and the surety company's rates. It is recommended to shop around and compare quotes from different bonding companies to get the best price.

Q: How long does the Washington Contractor's License Bond need to be effective?
A: The bond typically needs to be effective for the duration of the contractor's license, which may vary depending on the type of license and other factors. It is important to check with the licensing authority for specific requirements.

Q: What happens if I don't have a Washington Contractor's License Bond?
A: Operating without the required bond can result in penalties, fines, and even the suspension or revocation of the contractor's license. It is important to comply with the licensing laws and regulations to avoid these consequences.

Q: Can I cancel the Washington Contractor's License Bond once it is in effect?
A: Yes, the bond can generally be canceled by providing a written notice to the surety company. However, it is important to check the terms and conditions of the bond and any applicable laws or regulations for specific cancellation requirements.

Q: Is the Washington Contractor's License Bond the same as insurance?
A: No, the bond is a financial guarantee that ensures the contractor's compliance with licensing laws and regulations. It is not an insurance policy and does not provide coverage for accidents, liability, or other risks typically covered by insurance.