Those engaged as Washington Motor Vehicle Manufacturers are required by Washington Business Licensing Service Department of Licensing to file a Washington Motor Vehicle Manufacturer Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Washington Motor Vehicle Manufacturer Bond holds you accountable for your business decisions.
By possessing a Washington Motor Vehicle Manufacturer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.