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Performance Bond

Proper Performance Surety Bond

Cigarette Wholesalers (any person who purchases, sells, or distributes cigarettes to retailers for the purpose of resale). Required when: Required as part of the application process for a Cigarette Wholesaler license or endorsement.

Overview

What it is.

Cigarette Wholesalers (any person who purchases, sells, or distributes cigarettes to retailers for the purpose of resale). Required when: Required as part of the application process for a Cigarette Wholesaler license or endorsement.

Who usually needs it

Cigarette Wholesalers (any person who purchases, sells, or distributes cigarettes to retailers for the purpose of resale).

Pricing & timing

What to expect.

Generic pricing

Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…

Typical timeframe

Full underwriting required — typically 3–5 business days

Application

What to do next.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. Keep your effective date and renewal date on file with us.
Start the application.

You are on the exact bond page. The next step is to start the quick application.

Details

Bond details.

StateWA
Bond amount$5,000
Term lengthAnnual
ObligeeWashington Department of Revenue
RenewalThe bond must run concurrently with the wholesaler's license and is renewed annually during the business license renewal process.
Bond classPerformance Bond
CategoryRetail & Sales
BondProper Performance Surety Bond
Statutory referenceRCW 82.24.530
JurisdictionState
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Next step

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