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License Bond

State of Washington-Bond of Registered Tow Truck Operator

Tow Truck Operator - 3rd Party Liability

Overview

What it is.

Tow Truck Operator - 3rd Party Liability

Who usually needs it

Registered tow truck operators (RTTOs) in Washington State, including individuals, firms, partnerships, associations, or corporations operating a towing business that tows, impounds, or handles abandoned, unauthorized, or illegally parked vehicles, must obtain this $5,000 bond as a mandatory requirement for licensing with the Washington State Department of …

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…

Typical timeframe

Issuance timeframe varies by bond type and underwriting

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
ObligeeState of Washington
Bond classLicense Bond
CategoryOther
BondState of Washington-Bond of Registered Tow Truck Operator
Plain descriptionTow Truck Operator - 3rd Party Liability
Who needs this bondRegistered tow truck operators (RTTOs) in Washington State, including individuals, firms, partnerships, associations, or corporations operating a towing business that tows, impounds, or handles abandoned, unauthorized, …
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Next step

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