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Washington bonds

Lakewood, WA — Street Excavation & Obstruction Bond — Renews With Premium Summary

This Lakewood street excavation/obstruction offering carries RLI's Premium Summary renewal descriptor. Confirm the actual issued form and dates: the city's posted example has separate fixed-term and continuous selections, and the provider descriptor alone does not choose between them.

Also known as Lakewood, WA Street Excavation & Obstruction Bond; Washington Lakewood Street Excavation & Obstruction - Bonds

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Recorded state
Washington
Bond type
Right-of-Way / Street Work Bond
Category
Contractors & construction

What this bond does

Secures covered noncompliance with the identified Lakewood street excavation/obstruction license or permit.

Who needs it
Lakewood, Washington permit applicants and contractors seeking the RLI offering identified by the Premium Summary renewal descriptor.
Who it protects
The City of Lakewood is the obligee. Its example secures city loss, costs, expenses or damage from covered permit-law violations during the bond term, not every private construction-contract promise.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Confirm the renewal document and selected term

The existing RLI option is recorded as renewing with Premium Summary. The separate fixed-expiration offering is recorded as renewing with a Continuation Certificate. These are different catalog descriptions, not interchangeable evidence of the issued coverage dates.

The city's example allows beginning/ending dates or a continuous beginning date. Ask RLI and the city which selection applies to this offering and what renewal evidence must remain on file; do not assume the Premium Summary label itself means a continuous bond.

Read the city's sum and continuation conditions

The posted city example states $5,000 and expressly caps the surety's aggregate liability at the bond amount despite years of continuation. Confirm the current city request before issuance; no amount or numeric term is separately supplied in this option's data.

The example allows a fixed-term bond to continue by surety-executed certificate. For continuous security, it provides 30 days' written surety notice to the city as to subsequent projects. Do not apply that continuous notice clause indiscriminately to a fixed-term instrument.

File the correct security and obtain separate permission

Prepare the legal principal, street work/permit request and city-required sum and dates. Use the existing RLI Purchase Now option only after confirming the intended renewal route and arrange principal/surety execution.

Deliver the issued bond and required renewal evidence using city instructions. Obtain the actual excavation/obstruction permit and work/traffic approval separately, then follow the permit's restoration, inspection and release requirements.

Sources

Have these ready

  1. Identify the Lakewood street work, permit and legal principal.
  2. Confirm the city form, $5,000 example versus actual request, and chosen fixed/continuous dates.
  3. Confirm this offering's Premium Summary renewal route with RLI and the city.
  4. Complete execution/filing, permit/work approval and continuing inspection/restoration duties.

Questions about this bond

Does Premium Summary prove that the bond is continuous?

No. It is the recorded provider renewal descriptor. Check the issued form's selected fixed-term or continuous provision and required city renewal evidence.

Is this the fixed-expiration Continuation Certificate offering?

No. This page retains the separately identified Premium Summary RLI option. Have the provider match the requested instrument rather than swapping the two descriptions.

Does every renewal add another $5,000 of protection?

The city's example caps aggregate surety liability at the bond amount regardless of years continued. Confirm the actual issued instrument.

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