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What is maximum and minimum coverage under the Washington Bonding Program?

April 26, 2017bonding coverage maximum minimum program Washington

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What is maximum and minimum coverage under the Washington Bonding Program?

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A. The minimum coverage is $5000.00 up to a maximum of $25,000.00 issued in $5000 increments. In most cases, the program issues $5,000.00 in coverage with no deductible for the employer. In special cases, the program may issue bonds at higher amounts. Any bonds issued over $15,000.00 require authorization from the State Bonding Coordinator. Q.