Washington insurance broker bonds.
From $100.
Washington requires a resident producer who brokers business — placing insurance with an insurer they aren't appointed by — to file a bond with the Office of the Insurance Commissioner under RCW 48.17.250. Pricing is 0.775% of the bond amount, with a $100 minimum — enter your required amount to start the application.
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How much does a Washington insurance broker bond cost?
0.775% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard producer bond — enter your amount, pay, and file with the Insurance Commissioner. Here is the whole thing:
Apply online
Your business details, the bond amount RCW 48.17.250 requires, and the effective date — that is the application.
Issued on the spot
Most applications approve instantly, and no waiting — the executed bond is generated as soon as you pay.
File with the Insurance Commissioner
Submit the executed bond with the Office of the Insurance Commissioner. Wet-ink originals mailed whenever the office insists on them.
What it is and who needs it.
What the broker bond actually covers
Washington's Office of the Insurance Commissioner regulates producers under chapter 48.17 RCW. When a resident producer brokers business — places insurance, directly or indirectly, with an insurer the producer is not appointed by — RCW 48.17.250 requires a surety bond in favor of the people of Washington (or a named insured).
The bond amount is the greater of $2,500 or five percent of the premiums brokered in the previous calendar year, and it is capped at $100,000 total aggregate liability. The premium is 0.775% of the bond amount, with a $100 minimum, so brokers at the $2,500 floor typically pay right at that minimum.
The bond protects clients and insurers against a producer's wrongdoing in brokered placements — mishandled premiums, for example. If the surety pays a valid claim, you repay the surety; it is a guarantee, not insurance for you. No credit check up to $100,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Insurance Commissioner. Submit the executed bond with the Office of the Insurance Commissioner. Wet-ink originals mailed whenever the office insists on them.
What sets the price
The premium is 0.775% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $100,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with your required bond amount — the executed producer bond is generated instantly, ready to file with the Commissioner.
Start the application →Common questions.
Other Washington bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Producer bond, issued today.
Pricing from $100. Enter your amount and file with the Commissioner the same day.