Construction Insurance - Contractor Insurance - Zurich Fundamentals Explained

Prior to you complete your renewal, use our Verify a Specialist, Tradesperson, or Company tool to make certain that your: Surety bond or task of account and general liability insurance info depends on date. Contractor registration is not suspended. Renew online To renew online, you will need the following information: Your 12-digit Specialist Registration number.

The required cost 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 information on the professional registration renewal card you received in the mail. If your info is correct, and your required documents is current, mail the renewal card with a check or cash order in the amount of $124.

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You can pay by cash, check, cash order, or credit/debit card. If you have a new bonding company/bond amount or a brand-new insurance company or coverage amount given that you last renewed, you will need to update your information before you restore. Your bond amount can not be decreased for 2 years if you switch from a basic to a specialized specialist.

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The bond needs to be the original, uncorrected document, not a photocopy. The name of your company on your bond must be exactly the like the one on file with L&I.  Full Article  needs to reach L&I prior to the "filing date" shown on the bond. New or upgraded insurance To restore your insurance coverage, we must have: Your brand-new certificate of basic liability insurance coverage, for at least $250,000.

The name of your business on the certificate should be precisely the like the one on file with L&I. Bring all required documents and your renewal payment of $124. 70 to your regional L&I office, 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 inform you by both qualified and first-rate mail within 2 days of the suspension. The letter will inform you what you require to do to reinstate your registration.