Virginia Surety Bonds
What are Virginia’s surety bond requirements?
When applying for a license or permit in the state of Virginia, getting a surety bond might be on your list of requirements. The surety bond serves as your guarantee to the obligee (the entity requiring the bond) that you’ll carry forth your obligations honestly and faithfully. Regardless of the type of bond you need, our team at Surety Solutions, A Gallagher Company is happy to help you with your bond needs. View free bond quote from leading surety companies by entering the bond type and amount in the fields below.
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Easiest system to use and, by far, the fastest company with providing E&O and Surety bond insurance. HIGHLY recommend!
Mortgage H.
20:51 02 Mar 22
Surety Solutions goes above and beyond their duty to make their customer feel confident that they are choosing the right company. Jessi Wimer personally helped me through the process. She was very informative and made sure that every concern I had was dealt with in the most professional and efficient way. Thank you for your hard work!
Chris L.
17:07 08 Feb 22
Excellent service; they exceeded my expectations in timeliness and professionalism.
Bridgette M. B.
23:24 10 Dec 21
Client services provided quick and accurate responses.
James G.
17:49 30 Nov 21
Very helpful and they respond quickly to any questions.
Eva J.
16:46 30 Nov 21
Katrina Fearn, Client Service Manager at Surety, is an absolute pleasure to work with!! She is always highly responsive, and has provided me nothing but excellent service since our first interaction. I highly recommend working with her and the Surety team. They will always go above and beyond. Thank you for all that you've done!
Zakieh A.
16:38 04 Nov 21
I have been working with Steve Shike and he has been so helpful. I purchased the wrong bond and Steve instantly requested a refund on my behalf and called back with the good news. I appreciate him for helping me figure out my situation in such a timely matter. Thank you Steve for responding to my calls and emails promptly.
Ashley W.
18:25 10 Aug 21
Gerry J.
16:30 08 Aug 21
Katrina and Surety Solutions was awesome to work with and made the process seamless. Even after I, PERSONALLY, made a mistake and caused a delay, Katrina was able to spot my mistake and kindly address the error while still delivering my bond as if nothing had happened.I have nothing but good things to say about Surety Solutions.
Xavier A.
15:40 22 Jul 21
jerry T.
04:44 03 Jul 21
Katrina and Surety Solutions were very helpful and fast. I needed to change the bond I ordered and they handled that within minutes. Their response time to emails and request were great and that is why I will continue to work them both. All I ask for is relatively decent response time when there are issues that need resolved and Katrina far exceeded that and was friendly on top of everything else. Well done.Kris
Kristopher M.
14:23 24 Jun 21
Grace answered the phone immediately with a positive attitude and willingness to help. She followed through professionally and promptly through entire process.
Danny S.
14:41 15 Jun 21
Surety Solutions has been the most amazing and easiest company to work with on Bonds in my past 17 years of doing insurance. They are very quick to respond and very personal to work with. Jake Durrant is absolutely the best!
Bonnie A.
20:39 20 May 21
Suzie T.
17:14 07 May 21
Easy experience.
Tonya B.
01:18 21 Apr 21
I had the pleasure of working with Katrina Fearn to obtain mortgage broker surety bonds and I can say with zero hesitation, that she is wonderful to work with. Extremely responsive, communicative and helpful. Surety Solutions + Katrina = Great Partnership. Thanks!!!
Ryan M.
20:18 19 Apr 21
Can't say enough good things about Katrina Fearn, she was exceptionally prompt, responsive and a true professional in getting me the bond in a timely manner. Just amazing customer service.
Umesh M.
23:34 07 Apr 21
I needed a copy of my bond and with people working form home I thought is was going to take a long time. I got an email with the copy of my bond with in minutes. Never seen anything like that. Very Professional and fast response. thank you for good business ethic
Ernesto U.
19:08 10 Feb 21
Just obtained Mortgage Broker Surety Bond for two states. not only the price was right but service and professionalism exceeded my expectations. i can't thank Steve enough and wish i knew them sooner.
Ruslan K.
22:43 08 Jan 21
I bought a surety bond for my business. The name on the application has my middle name on it and the policy didn't. That would or could have created a problem. I wrote to customer service to complain. Well not complain but ask for it to be changed. Since it was Thanksgiving weekend I wasn't expecting to hear back till this week sometime. Well to my surprise it was "Very" Quickly. JD was very helpful and professional. Fixed it then contacted me with the corrected version. Couldn't be happier. " Good Business is Good Business"
MrDarryk
05:17 01 Dec 20
JP M.
01:46 04 Nov 20
Amazing customer service and friendly and informative reps.
Obsesion H.
04:45 26 Oct 20
Surety solutions handled my request for a Guardianship Bond professionally, with great care and provided great value to my family. Of all of the insurance companies I contacted for my need, Surety Solutions was by far the most responsive, courteous and knowledgeable. I very much appreciate their fine service!!
Irena S.
03:00 25 Sep 20
The entire staff from Jake to Katrina were more than professional and bent over backwards to meet mine and The State of California's requirements
Kirk G.
19:10 23 Jun 20
This process could not have been easier! Mr. Chipman sent me an email link and I just followed the steps. I highly recommend Mr. Beau Chipman to anyone who needs this service.
Sharon H.
23:29 28 Apr 20
Justin R.
23:53 17 Mar 20
Outstanding customer service from Jake and the other folks at Surety Solutions! Shopped my surety bond with other companies and found the best price here by far.
Doss E.
03:42 11 Mar 20
Excellent service, best pricing, immediate communication! Keep up such a great work!!! Thanks!!!
Oksana B.
06:41 05 Mar 20
The staff is very friendly and on more than one occasion went above and beyond normal customer service to make sure that we were fully taken care of. I would highly recommend this company.
Diana F.
07:20 24 Feb 20
Easy to work with, and extremely fast! I would definitely recommend!
Tiara A.
03:01 31 Jan 20
Very timely and professional work on providing services to our firm. We are very satisfied.
sherry N.
17:44 22 Jan 20
Great service. No hassle. Great communication.Thank you Cryssi for the excellent service!!!
Ivan R.
23:52 08 Jan 20
Cryssi B. went above and beyond to get my bond issued in record time and delivered incredible customer service throughout the process. So impressive and refreshing. I am so grateful.
Kerri L.
03:29 14 Dec 19
Absolutely great to work with!
Katrina and M.
17:11 23 Oct 19
Quick and easy process to get my notary bond. Best price and the documents arrived by mail way faster than expected. I highly recommend.
M. G.
03:56 23 Oct 19
Great communication, fast and to the point service. Great follow up too.
Kiraspider
20:58 17 Oct 19
Katrina is very fast and responsive and we got our insurance in few hours! She is the best! We will collaborate again for sure! Thank you! 🙂
Petra G.
16:08 10 Oct 19
They helped so much when I went to my states tag office who denied my paperwork multiple times due to the format. Surety helped me every step of the way.
Lara C.
07:44 23 Sep 19
Super fast and professional service. Couldn't ask for anything better. Thank you guys.
Bill The K.
15:16 11 Sep 19
Surety Solutions is a fantastic company to work with. I was in a unique situation and was having trouble finding a company willing to underwrite an estate conservatorship bond for me. Surety Solutions took the time to listen to me and shopped around with their underwriters and found someone willing to underwrite the bond. Having to experience the probate system is a major headache; however, Surety Solutions makes sure the bonding portion of it does not have to be 🙂
Tommy M.
02:15 04 Sep 19
My experience with Surety Solutions agent (Katrina) was professional, solution-driven and responsive throughout the whole process. From applying for a bond quote to purchasing and receiving the bond was simple and efficient. My questions were answered promptly with upbeat attitude and patience. Customer service definitely exceeded beyond my expectations. I would certainly use their service again in the future.
Susan L.
16:07 20 Aug 19
OP
Sandra L.
17:10 15 Aug 19
This place was actually super helpful, and really speedy! Their blog on their page has nice, easy to follow information, and their staff are super friendly and helpful. I was looking all over for some of this information, trying to weave through weird shady looking sites, and Surety Solutions really is the one to go with. quick, clean, trustworthy, professional. Thanks for all your help!
Audrey K.
06:20 27 Jul 19
Surety Solutions was able to help me secure a bond and guide me through the probate process in a very friendly and competent way. I really appreciated their speed, efficiency, and knowledge.
Shana O.
18:14 22 Jul 19
I made a mistake in selecting the correct bond and they fixed it with a quick call.Thanks Again!
Jason D.
21:45 10 Jul 19
I worked with Cryssi at Surety Solutions in order to secure a $900,000 conservator bond. Their quote was by far the best out of several companies I requested quotes through ($2,110 vs. $3,500). Cryssi was always very helpful and responded very quickly during business hours and often during after hours via email. I will continue to work with and renew with their company especially if their quotes and customer service remain this excellent. Thank you again! MikeSo just an update to my original post. It was time to renew the conservator bond this year and Cryssi at Surety Solutions made the process extremely streamlined and convenient. I received an email stating it was time to renew the bond with a link to pay online. My rate didn't change at all and it took about 30 seconds to renew my bond. This has been an easy, convenient, and one of the most affordable companies to work with. Some of the best customer service in the market which is sometimes hard to find these days! Thank you again for an affordable quote which was seamless to renew. Thank you Cryssi!
Michael B.
20:24 30 Jun 19
They did everything they said they would & more! Great people excellent people skills polite and quick. Noproblems
Christopher F.
19:08 24 May 19
I needed a California Certificate of Title Bond so I came to there site. This company was very professional and helpful. I appreciated there live chat options. There website was easy and fast to use. I had to call in and speak to someone and he (Thomas) was very helpful and polite. Thank you guys for a great experience if I ever need another Bond I will be using your company for sure! Keep up the great customer service. Thanks again!
John P
17:59 30 Apr 19
Thank you Thomas and Katrina for the superb professional, fast service you both provided me. I shopped around online for a few days comparing Bond Companies and calling asking questions, and praying. Your website is a cut above the others; your process is quick, straight forth, no tricks nor confusion, but honest online service!I received a Great Rate for my bond compared to other companies, saving me money!Thomas answered my questions upfront with patience & clarity; & Katrina was right on top of email correspondence, my invoice, I received my email bond copy in hours of applying online & hard copy I received next day!Surety Solutions of Gallagher's overall process, Thomas & Katrina made sure, my experience with them was overall stress free, affordable & outstanding!I am still amazed how fast I received my hard copy bond from the time I started to finished, and with FedEx, I had my bond, No errors in my hand the next day! I thank GOD for the stress free & excellent service I received !
Jacqueline
13:41 25 Apr 19
Beau was super helpful when I had questions about buying a used car from a seller with an unusual title situation. I have not bought a used car before, so it was very reassuring to talk through my concerns about the situations and the safest ways to move forward. He thoughtfully responded to my inquiries without pestering for my contact info or trying to sell me products - such customer service is hard to find these days! Thank you!
Michael S.
22:52 19 Apr 19
I had been dreading the red-tape of obtaining a surety bond for a lost vehicle title. I had just obtained a quote from another company online and was not pleased with the price. Surety Solutions was less expensive---by far---and their service was outstanding: efficient and polite. The quote was obtained, approval given, and the transaction was complete in a just a couple of hours. I could not be more pleased!
kathy B.
22:20 15 Apr 19
Huge Kudos to Cryssi @Surety Solutions! Thank you for being so responsive and accommodating with helping me get my Bond taken care of. It was a pleasure working with you and your company!Rob with Caliber Auto Sales
ROBERT S.
02:42 12 Apr 19
Brent W.
20:01 11 Apr 19
It was a very easy and smooth experience. I got the bond that I needed for a competitive rate. Cryssi was great.
Sheree M.
15:39 10 Apr 19
Cryssi was my rep. Responds back on a timely manner. She goes above and beyond to insure customer satisfaction! I will do business with Surety Solutions again and recommend to others! Thank you Cryssi! From Bridge City Cleaners!
kimchibator
23:17 02 Apr 19
Cryssi saved the day. We were finally ready to submit our DBO app and realized we had the bond created in our previous business. Expecting a significant red-tape delay, we reached out to Cryssi who managed our little crisis with not only absolute professionalism, but with expedience. She was also so personable!
Deanne R.
20:31 28 Mar 19
Cryssi & Danielle are great to work with. Very responsive and solution minded. We needed to extend the dates of our coverage and paperwork to show that coverage. They responded quickly and took care of us right away. Thank you!
Mark W.
00:24 28 Mar 19
Working with Cryssi at Surety Solutions is fast and easy!
Love of the Magic V.
16:31 26 Mar 19
They are quick to help you I will say that!!
Michael L.
17:46 22 Mar 19
Visited and contacted several different surety bond websites prior to seeing this one. Had my bond purchased in less than 10 minutes!!!!! Spoke with Cryssi and she was very professional, answered all of my questions and had my surety bond emailed to me within an hour, will receive the original one tomorrow morning!!!!! So pleased with Cryssi and the ease of obtaining the bond. Lastly, out of all of the places I contacted, this surety bond was $75.00 less than all of the other places that I checked into.
Toni R.
23:26 21 Mar 19
Great Customer Service! Was able to process my request and also review great information they provide - step by step guide amazing! quick and easy- best part of dealing with Title issues- HIghly recommend
CARLOS A.
18:14 19 Mar 19
Very,Very helpful and Very,Very fast same day it was like christmas i defiinitly recomend this company
Brandon C.
02:23 13 Mar 19
I've always had the best experience with this company, and often try to imitate their high level of service in my own company. Cryssi answers my questions quickly and paperwork gets mailed right away. They obviously follow an efficient system that flows throughout the organization. Highly recommend!
Laura C.
18:01 06 Mar 19
I HAD A GREAT EXPIRENCE WORKING WITH THEM
LG T.
17:00 04 Mar 19
Great company, really informative and responsive. Thomas was super helpful and patient as he walked me through a million questions that I had. I dealt with a few other less helpful companies before I selected this one. Highly recommend.
Melisande A
17:51 01 Mar 19
WOW! I am so glad I found this site. I called a local company and they wanted me to fill out and email so much information. With this company it was all online and easy and super fast. I also messed up and put the wrong expiration date and it was so easy to chat online and fix it. I paid for the faster shipping which is 2 business days, its so worth it. Thanks again Surety Solutions and to Beau who I was chatting with online, you were awesome.
anthony G.
18:45 27 Feb 19
These guys are very knowledgeable! They when out of their way to answer all my questions. I'll be getting my bonds from them.
TARC -Wealth Building Office L.
00:29 27 Feb 19
Needed some quick assistance. and they were able to help me with the questions i had.
Kingtrix G.
23:41 26 Feb 19
Beau helped me understand bonded titles and what I needed to ask my DMV when I thought I was in a hopeless situation! Thanks so much!
Sophia Rose W.
19:42 25 Feb 19
This was a pleasurable non stressful experience for me I was well informed and its gonna make it that much easier at the DMV NOW
Jennifer F.
23:01 22 Feb 19
Exceptional customer service.
Roman Y.
16:18 22 Feb 19
gozie victor O.
00:05 22 Feb 19
My representative does a great job, always takes care of my needs and answers any questions I may have
Robert R.
13:29 20 Feb 19
Wonderful experience. Clear, concise explanation. I spoke with Beau and got all the information I needed to help me out.
David N.
00:04 20 Feb 19
The answers to my inquiry were so helpful and prompt iy was very encouraging. I sincerely appreciate the exoertise to get me started on a long awaited resolution to my title issue. Thank you so much!
Darrick H.
14:23 16 Feb 19
Saraswoti B.
22:33 13 Feb 19
Sunshine S.
21:13 13 Feb 19
Absolutely Fantastic. Though Katrina coud not help me she gave me 5 companies that could!
Tan-Jent Development Company, L.
17:28 13 Feb 19
Very honest. Loved my chat
Pamela D S.
17:08 07 Feb 19
Fast, knowledgeable and friendly. Great experience.
don P.
23:46 06 Feb 19
Laura N.
23:34 06 Feb 19
Straight-forward and quick. Online form was very easy to fill out and I received our bond the very next day.
John K.
23:22 05 Feb 19
Katrina was amazing. She helped me through buying a vehicle with no title. Very confident and friendly. I would refer her to anyone. Thank you Katrina.
Brent S.
19:18 04 Feb 19
Amazing company that helps in anyway possible. They stay right on top of things with all available information right on hand. Great company to go with and without hesitation.
Suzelle R.
03:53 03 Feb 19
Surety Solutions was very helpful with answering son tough questions that I had. They were honest enough to make a recommendation to me, even though that recommendation would mean that I would not likely end up being a customer right now. However, I will definitely keep their number on file!
Hayward Bryant J.
19:37 01 Feb 19
Chris Prolago (.
19:37 01 Feb 19
great help!
Eva A.
18:17 01 Feb 19
Fast and courteous service! Very detailed correspondence and Crissy made my transaction very easy and pleasant. Keep up the good work!
chanel M.
22:08 24 Jan 19
Beau is a great guy! Explained everything that I need to know and I wanted to learn!
Ercan G.
00:58 23 Jan 19
Very respectful young man very helpful I appreciate it this time
Rick M.
00:04 23 Jan 19
I personally had a great experience with the customer service representative that I spoke with very nice, very well understood and straight forward.
Jaii N.
00:00 23 Jan 19
Cryssy helped with my bond. Made it easy. I will be recommending this company to all.
Tim B.
10:38 20 Jan 19
Alexander V.
19:35 17 Jan 19
Katrina Rocks! one of the best online chat experiences yet.extremely knowledgeable and patient quality service for sure. will definitely recommend to others.
Tina
18:59 17 Jan 19
elizabeth L.
18:46 17 Jan 19
Christopher F.
00:55 15 Jan 19
Super easy to work with!
K S
00:01 11 Jan 19
Howard G.
23:38 09 Jan 19
Very informative and knowledgeable. Answered the questions I had.
Stephanie M.
16:36 09 Jan 19
They were extremely helpful and knowledgeable about our situation.
Tiffany R.
17:32 08 Jan 19
Just received my bond for becoming a private investigator. cryssi from customer service was super helpful, as i kept messing up my application (sending in wrong format) and she was nothing but helpful with correcting this. I was also a bit worried about the process of obtaining a bond, as i never have, but it was shockingly easy and not expensive at all. Would re use if i need an upgraded bond.
lizzy B.
20:32 07 Jan 19
Tyler D.
20:28 04 Jan 19
Very helpful getting me focused to the solution on getting a lien bond in place.
Edward R.
00:45 03 Jan 19
Cryssi was very polite and helpful and is a great person to work with. I will be a repeat customer for sure!
Ken K
17:49 29 Dec 18
Great experience. Very quick and friendly.
Brad M.
22:48 28 Dec 18
This was the easiest and least expensive service for my E&O and Bond EVER!!! Katrina made this process so easy and fantastic, I really was just beyond pleased with her and Surety Solutions!!! Won't go anywhere else!!!
Casey A.
21:43 26 Dec 18
Beau, has been very helping and knowledgeable he was prompt with his answer and was able to provide information in a quick manner. Thanks Beau for all your assistance and wonderful customer support!
Karen H.
00:40 21 Dec 18
its has been a wonderful experience dealing with Surety Solutions. would recommended them to my family and freinds.
William G.
21:49 17 Dec 18
Although I wasn't able to get down to the bottom of my situation Beau was absolute amazing and resourceful ! Would most definitely recommend!
Brandon D.
17:07 14 Dec 18
Very helpful!I was finally able to figure out the next step in my very long battle with a horrible dealership. Looks like the odds are in my favor for once.
Ashley F.
17:14 12 Dec 18
Same day service that is reliable. Great company!
Adam K.
23:35 11 Dec 18
This process was fast, easy, and the price is definitely right!!
Tamiann P.
18:27 23 Nov 18
Great service. The whole process was easy and quick. Very thorough service. They are the Best Surety Bond business.
Tom G.
22:58 13 Nov 18
Beau was great 😁 very very helpful I’ve never lost a title in my life and I have had several will teach me to be more careful next time but if I ever do this stupid move again I will definitely be going though you guys .... and asking Beau for help 😁
Cyndi D.
23:17 31 Oct 18
Great team Here. Excellent Follow Up and customer Service.
Edward C.
18:34 23 Oct 18
Cryssi was amazing! My company was setup with a high quality general contractors bond with absolute ease. I would and have recommended them to others. Excellent doing business with such a professional company! Thank you!
Michael O.
22:53 16 Oct 18
Very helpful people and with proper knowledge for what they are doing!
Pramit S.
16:52 12 Oct 18
Mohammad A.
16:15 11 Oct 18
I’m impressed and how quickly they reply to me and not only that they also send me a link that I’ll guide me through what I needed.They went above and beyond.
Kwesi C.
21:29 20 Sep 18
Steve Shike's customer service is outstanding AND he saved me 50% on my Bond! I'm so thankful I found him!
Evelyn R. M.
20:49 06 Sep 18
Tyrone J.
15:24 21 Aug 18
Very helpful! Fantastic service.
John M.
21:25 09 Aug 18
Arthur B.
16:26 09 Aug 18
I've decided to venture on to a new path with a business of my own. For peace of mind I wanted to be bonded to protect both myself and future clients. I cannot believe how simple a process it was and how quickly my documentation was expedited!Thank you Cryssi for your assistance and look forward to years of success with Surety Solutions by my side.
More Time 4U Services Andi S.
18:09 08 Aug 18
S&S Transport L.
18:32 07 Aug 18
Don S.
19:09 06 Aug 18
Emily W.
16:03 02 Aug 18
Crystal was friendly and knowledgeable. She was able to provide me with the information that I needed and did not try to sell me something that I didn't need. Thank you for your honesty!
Ulaine H.
22:23 31 Jul 18
Surety helped me get what I needed for my CCB license. Easier to work with and quick processing my bond. I will definitely use them again.
Susan
21:28 31 Jul 18
i highly recommend their computer chat facility. The representative I reached, Crystal, was knowledgeable as well as helpful, and put me on the right track to obtain the solution for my situation.
Lamar B.
20:22 31 Jul 18
Helped me by answering several questions that I couldn't get an answer to elsewhere! Thank you!
Adam D.
17:08 30 Jul 18
I am very happy with their service. The personal attention I received was very refreshing. Customer service is dead for the most part but not at Surety Solutions. Well done.
HOOP
18:51 27 Jul 18
They walked me thought a tough situation and they were professional all the way!AAA+++
Cori Y.
22:14 26 Jul 18
Great customer service and excellent resource for information. Crystal is wonderful to work with.
Chad W.
17:25 24 Jul 18
easiest experience ever.
nXn G.
16:08 24 Jul 18
Stevie was quite experienced on telling me the ins and outs of a lot of different situations and I do believe that I will be able to get my vehicle registered and I really appreciate all your help and she was on the phone for quite a while answering all my questions so I do appreciate it.David Daigle
Dave E.
22:16 03 Jul 18
Started the process of getting my mortgage bond this morning, and it was completed before I knew it. Easiest proceess I have been through. Thanks!
Michael S.
21:33 02 Jul 18
Excellent customer service! Speedy help. Nothing but good to say!
crabber68
20:00 15 Jun 18
The agents here are amazing. I have needed a few different changes made, and within minutes they had them done and new copies to my email. Super polite and very attentive. Life customer here for sure.
Richard L.
23:29 12 Jun 18
I have had to obtain E&O and Surety bonds on the past and my experience has always been complicated. Surety Solutions was amazing I literally sent in my paperwork at 9AM and had what I needed by noon the same day!! I would highly recommend them to anyone!
Samantha C.
20:29 25 May 18
Our company works with Stevie Lindhe on E&O Insurance Policies for Individuals. We always get great and quick service from her. We can only recommend this company. Thank you so much Stevie
Renate E.
16:15 23 May 18
It is very easy to work with Steve Shike. I can always rely on him and he helps me right after I call him or send him an email with any of my issues with surety bonds. He is always available and willingly helps me. Steve you are the best! I highly recommend Surety Solutions they are really amazing!
Eleonora K.
17:07 04 May 18
Super fast and friendly! They took the pain out of the process. 🙂
Tonya G.
20:57 02 May 18
They were SO helpful when I needed a surety bond. Both the person I chatted with online and the person I emailed with were prompt with answering my questions and helping me to get exactly what I needed. I highly recommend Surety Solutions!
Mimi L.
01:19 24 Apr 18
Outstanding company to work with as it relates to my business bond needs. They made it super simple and easy.
Thomas P.
19:44 20 Apr 18
Great people skills come to mind when I think of this company, Stevie and Brad were really nice and helpful, I spoke with Stevie first and she really nice especially with the day i was having trying to get the car legal and it seemed as if everywhere I went everyone was rude and snobby but she was genuinely nice and gave me hope that there was a chance I could get my car legalized finally. Her customer service was awesome and I want to thank you both. I spoke with Brad today and his energy was just as great as hers. You guys are AWESOME
Scott G.
21:05 16 Apr 18
How do I find the bond amount? [Where to get a bond form]
Need help determining the bond amount you require? The best place to start is to look at the bond form provided by the obligee. This form should have the information you need to determine the type and bond amount to purchase. We recommend you contact the obligee if you are unsure of what they require, as they will not accept a surety bond with an incorrect bond amount.
Here, you will find the common bond types required in the state of Virginia.
Virginia surety bond requirements:
The Virginia Board of Contractors requires professional contractors get a surety bond to receive their licenses. Please verify the bond amount you require with the state to ensure you purchase proper coverage. This bond is protection for your customers in case you perform unethically or your work is inferior.
The state often requires contractors to purchase a surety bond before starting or bidding on large construction projects. Since taxpayer dollars are used to fund these projects, enforcing a bond requirement ensures this money isn’t lost if the contractors don’t fulfil their contractual obligations. The types of bonds that fall under this category include Bid, Maintenance, Payment, Performance and Warranty Bonds.
Sometimes, the court will order an individual purchase a surety bond. There are many different types of Court Bonds, but they fall under two categories. Fiduciary Bonds include Guardianship, Probate and Trustee Bonds. Whereas Judicial Bonds include Attachment, Indemnity to Sheriff, Injunction and Replevin Bonds.
The State Corporation Commission requires debt settlement professionals to purchase a surety bond to be licensed. The bond amount is set by the commission and starts at $25,000, but doesn’t exceed $350,000.
What type of fidelity product do you need?
- Business Service / Janitorial Bond: Your clients are covered if your employee steams from them.
- Employee Dishonesty Bond: Known as “Commercial Crime Bonds”, they protect you and your business in the event your employee steals.
- ERISA Bond: The U.S. Department of Labor (DOL) requires plan administrators of employee benefit and pension plans to purchase an ERISA Fidelity Bond. Beneficiaries of these plans are covered if loss is incurred due to the administrator mishandling the funds.
Lottery Bonds:
The Virginia Lottery requires retailers applying for a lottery license to buy a surety bond. If the retailer fails to abide by the rules and regulations enforced by the state, a claim can be made against the bond. The claimant is financially reimbursed by the surety for a valid claim. The retailer is then responsible for repaying the surety back in full.
Those operating in the mortgage industry, such as brokers, lenders or originators, need a surety bond to be licensed in Virginia. This requirement is set by the Virginia State Corporation Commission’s Bureau of Financial Institutions to prevent the licensee from committing fraud or conducting unethical business practices.
One must be licensed with the Virginia Motor Vehicle Dealer Board to legally sell vehicles in the state of Virginia. A licensing requirement to meet is to purchase a $50,000 surety bond. This requirement ensures dealers keep ethical business practices when selling and buying vehicles.
Need a different bond type?
These are just a few of the types of bonds required in the state of Virginia. If you don’t see the bond type you need above, simply enter the bond type or related keywords to search for your bond in our application above. Let us know if you have questions or need help by emailing info@suretysolutions.com or by calling (866) 722-9239.
How much does a VA bond cost?
While many of our bonds start at $100, the cost of your bond depends on the type and amount of coverage you need. Since there is more risk involved with a bond set at a larger amount, you’re likely going to have more in premium to pay.
Another factor to consider is your credit score. However, your credit isn’t adversely affected from us running your credit, because we only perform soft-pulls. With good credit, your premium should be around 1%-3% of the total bond amount.
What if I have bad credit?
It’s okay if you have bad credit. You may still be approved for a bond. Premium for non-standard credit applicants tend to be a little more at 5%-15% of the bond amount. Fortunately, with our quotes there is no obligation to purchase.
Also, a credit check won’t be run if the bond type you need doesn’t require one.
Get your free quotes for your bond today!
Can I purchase a surety bond online?
Yes! You can purchase your surety bond online and the process is quick and easy with Surety Solutions, A Gallagher Company’s online application. In fact, most bond types include an instant quote and can be downloaded after you complete your payment.
Our bond team issues surety bonds nationwide, including Virginia.
Find quotes for your bond now. Send any questions to info@suretysolutions.com or call (866) 722-9239. We look forward to issuing your surety bond.
