Washington Dealer Surety Bond & Insurance Guide | WA Dealer License Part 2-Get the Cheapest Quotes! скачать в хорошем качестве

Washington Dealer Surety Bond & Insurance Guide | WA Dealer License Part 2-Get the Cheapest Quotes!

If you are licensed Washington Motor Vehicle Dealer or are thinking about obtaining a Washington Dealer License you can join the Automobile Dealer Training Association to access the 2026 Washington Dealer Compliance Survival Guide, access over 22 Hours of Member only dealer license training content, and receive early notification to bonus products before anyone else. Membership also includes email notifications regarding important motor vehicle dealer industry updates Learn more about the benefits of ADTA Membership in Washington and please consider joining the Association at: https://washingtondealer.com/adta-mem... Ready to finalize your Washington Dealer License application? In this video I break down the "financial responsibility" phase of the licensing process. Learn more at: https://washingtondealer.com/adta-mem... We dive deep into the Washington Dealer Surety Bond requirements (ranging from $5,000 to $30,000) and explain why your credit score is the biggest factor in your bond premium. You’ll also learn about the mandatory Garage Liability Insurance limits (25/50/10) required by the State of Washington to protect your business and your customers. 📑 What You Will Learn in This Video: Surety Bond Breakdown: Why Motor Vehicle dealers need a $30,000 bond and how to get a "soft credit check" quote. Dealer Insurance 101: Understanding Garage Liability, "Dealers Open Lot," and Workers' Comp requirements. The "25/50/10" Rule: The minimum insurance limits you must have before applying. Mandatory DOL Forms: How to complete the Criminal History Statement (BLS 700-342) and the Financial Source of Funds Statement (BLS 430-206). Property Documentation: Proving legal access to your "bricks and mortar" location via lease or tax statements. The ListServ Activation: How to sign up for official DOL email updates so you never miss a law change. Hours of Operation: Navigating the state-mandated 10 AM–4 PM business hour requirement. 🕒 Video Timestamps for Quick Navigation: 0:00 – Washington Dealer Surety Bond Requirements 2:15 – How Much Does a $30,000 Bond Actually Cost? 4:30 – How to Use the ADTA Bond Quoting System 6:15 – The 2-Page Bond & Power of Attorney Explained 8:00 – Dealer Garage Liability Insurance (Mandatory Limits) 10:45 – Factors That Affect Your Insurance Premiums 13:20 – Workers' Compensation Law for WA Dealers 15:40 – Completing Your Criminal History Statement (BLS 700-342) 18:10 – Source of Funds & Financial Statements 21:00 – Property Lease & Ownership Documentation 23:45 – How to Activate Your DOL ListServ Subscription 26:10 – The 8-Hour Pre-License Course Completion Certificate 28:30 – State-Mandated Hours of Operation (10 AM - 4 PM) 🔗 Official Resources & Quick Links: Get Your Bond Quote: WashingtonDealer.com WA Dealer Forms Library: WashingtonDealer.com/forms DOL ListServ Registration: listserv.dol.wa.gov IRS Official Site: irs.gov 📞 DOL & Compliance Contact Info: WA Department of Licensing: 360-705-6741 Dealer Compliance Email: dolbpdcompliance@dol.wa.gov Pro-Tip from Delus: Don't get your insurance quote too early! Insurance underwriters often give the best rates when you are within 10–15 days of filing your application. Complete your other steps first, then lock in your bond and insurance. #WashingtonDealerBond #SuretyBond #GarageLiability #WADOL #CarDealerLicense #SmallBusinessWA #AutoDealerCompliance #WashingtonStateBusiness 📌 Pinned Comment (Engagement & SEO) Quick Check: Do you have your physical location lease signed yet? 🏢 Remember, you must submit your property documentation and your insurance certificate at the same time you apply for your license. If you have questions about the $30,000 bond or the "soft credit check" process, drop them in the comments below! 👇