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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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.

More on Contractor License & Permit Bonds…

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.

More on Contract 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.

More on Court 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.

More on Debt Settlement Services Providers Bonds…

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.

More on Fidelity Bonds….

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.  

More on Mortgage Bonds…

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.

More on Motor Vehicle Dealer Bonds…

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 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 or call (866) 722-9239. We look forward to issuing your surety bond.

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