This bond ensures the licensed Scrap Metal Processor or Recycler will comply with all the requirements, obligations, and regulations of RCW Chapter 322. This bond protects the public from any damages caused by the misconduct, negligence, fraud, or any violations by the licensed Scrap Metal Processor or Recycler.
Per RCW Chapter 322, Section 15, before receiving your Scrap Metal Processor/Recycler license, you must file this $10,000 bond with the Washington State Department of Licensing.
The cost of this bond are as follows:
1 year - $100
2 years - $175
3 years - $250
To apply for your Washington Scrap Metal Processor or Recycler Surety Bond, complete and submit the application below. You may also download a PDF application, and email it to firstname.lastname@example.org, or fax it to (949)-361-9926. If you choose to email or fax your application, please download and complete a payment form and attach it to your documents.
Your bond will be issued within 1-3 days after you submit a completed application and payment.
This bond may be referred to as a Washington Scrap Metal Processor Surety Bond, or a Washington Scrap Metal Recycler Surety bond.
A surety bond is a three-way agreement between a Principal (The individual or business applying for a Scrap Metal Processor or Recycler License in Washington), an Obligee (Washington State Department of Licensing), and a surety company (the company backing the bond). A surety bond is not insurance for the Principal; instead, it protects the obligee from any financial obligations in the event that the Principal violates the rules or regulations specified for their license.
If you are applying for or renewing your Washington Scrap Metal Processor or Scrap Metal Recycler license, you are required to file this bond before your license will be issued. This bond is a promise that you understand and agree to comply with the regulations of your licensure. The laws, regulations, and guidelines for this license and bond are specified in the Revised Code of Washington, Chapter 322, Section 15.
This bond is covered for $10,000 each year. The cost of this bond are as follows:
You are required to hold this bond for the entire time you have a license.
In the event that there is a claim filed against your bond, your surety will pay out the initial damages, at which point you will be required to repay your surety the full amount. Additionally, your surety may revoke your bond as a result of the claim. If your bond is revoked, your license will be considered invalid until you file a new bond. Any claim filed against your bond acts as a mark against your "credit," and will affect your ability to apply for any future bonds. Be sure to understand the regulations pertaining to your bond and licensure to avoid any of these issues.
I have processed 2 defective title bonds through South Coast Surety and I am the type that gets worried for any little detail and want to make sure everything is done correctly the first time to prevent double work for myself and everybody. Knowing how I am both times I had to call customer service and they answered every little question I had in a very nice and gratifying way that made me feel I would not have any problems in which I did not. South Coast Surety has the ultimate best customer service.
Gaby - CA
I was shopping for a surety bond for the first time and having trouble communicating with several different companies. When I contacted South Coast Surety they responded quickly and performed the transaction quick and easy. I might have been able to find a lower price, but their professionalism was worth a couple extra dollars.
KG C. - CA
We are opening up a Mental Health Residential Treatment Center and needed a Surety bond since we will be handling some clients cash resources. I reached out to South Coast Surety, they sent me an application, paid our premium and had our bond sent to us immediately. Everyone I spoke to and emailed was courteous, attentive and responded very quickly. We will most definitely continue to get all of our bond services from South Coast.
John F. - CA
Great customer service from South Coast Surety. When I had questions about the bond and process, their customer service team assisted me with a sense of urgency and answered my questions. I recommend using their services. I will be a returning customer.
P&C B. - CA
I needed a surety bond and was referred by another company to south coast. I am very impressed with the level of customer service in every stage of issuing the bond, the rapid response to the get the bond issued and communication with the team. Great team and awesome service. I highly recommend South Coast Surety for you bond needs.
Mirwais A. - CA
I was in need of obtaining my CA Insurance Bond. I was able to obtain my required Bond quote online within minutes. I approved the quote and requested the Bond to be issued. On the same day, I received the Evidence of Coverage. Could not ask for better pricing or better service. I highly recommend South Coast Surety to meet a wide range of Bonding needs.
Udo G. - NJ
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.