How To Obtain Your License And Become A Contractor In Washington
To obtain your license, you will need to meet all the requirements listed by the Washington State Department of Labor and Industries. Here’s what you need to know:
Why You Need
A License
Business insurance allows you to protect your financial assets if you ever experience any major liability problems. This way you are not paying out of pocket when injuries, accidents, theft or property damage occurs. If you overlook any insurance or licensing requirements, then the state will penalize you.
How To Become A
Concrete Contractor
Licensing and registration is a multi-step process. You will need to gather certain information and materials for the state before they can approve your license. Here are some of the things you need to include with your application:
- Business Registration – You will need to determine your business structure and then undergo registration. Some examples include sole proprietorships and limited partnerships. Corporations and LLCs will need to register with the Washington Secretary of State’s office.
- SSN or EIN – Sole proprietorships will need to submit their Social Security Number for Tax Identification Number when starting up their business. Other business entities will need to use a Federal Employer Identification Number.
- Surety Bond – All concrete contractors will need to secure a $12,000 surety bond. This ensures that you can provide compensation to your clients for uncompleted work.
- General Liability Insurance – Liability insurance is going to protect your business in unpredictable situations. This includes third-party accidents, property damage, and injuries. You can easily avoid financial jeopardy and lawsuits with insurance.
- Include information on your business partners – The state will want to know about the principal owners and managers of your business. These individuals will also need to submit some general information.
- Workers’ Compensation Insurance – If you plan on employing anyone, then you will need to have workers’ compensation insurance.
Sign And Notarize
Your Application
Submit
Your Application
Renew Your
License Annually
Conclusion
If you have any questions, you can always contact Washington’s Labor and Industries’ website. When you are searching for general liability and workers’ compensation insurance, we recommend that you shop around and compare quotes from various providers to make sure you are getting the best price.