Virginia Surety Bonds Overview

A number of Virginia state agencies require applicants for a business license to obtain a bond. Similarly, contractors in the state usually also need to get bonded in order to perform work.

Why do I need to get bonded?

The bond agreement guarantees your compliance with state laws in performing work as a licensed business. For contractors, the bond agreement guarantees their performance on any contracts they have. If you violate the agreement, it also works as form of financial security and provides compensation to anyone harmed by such a violation.

For a thorough explanation of how bonds work, see our 'What is a surety bond' page!

To apply for your Virginia surety bond right away, take a look at the table below to find the right bond. Just click the ‘Apply’ button and proceed to your application form. As soon as we process your application, we will contact you.

If you haven’t been bonded before, or would like to read more about surety bonds first, continue to the sections under the table. There you can learn more about the various surety bonds in Virginia you can obtain, how much they cost, and how to get bonded.

Find the Bond You Need

The table below contains a list of only the most popular surety bonds. If you can't find yours, fill out our online application and select "Not in the list".

Contractor License Performance & Payment (Local) Bond Prince William County, Dept of Development Svcs, B Contractor License Performance & Payment (Local) B Apply Now
Debt Consolidators Bond Dept of Agriculture & Consumer Services Credit Service Business Apply Now
Professional Fund Raisers Bond Commonwealth of Virginia Professional Fund Raiser Apply Now
Insurance Surplus Lines Brokers Bond Commonwealth of Virgina Surplus Lines Insurance Broker Bond Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond State Corporate Commision, Bureau of Financial Ins Mortgage Broker Apply Now
Mortgage Broker (1st & 2nd Mortgages) Bond State Corp Commission Mortgage Loan Originator Bond Apply Now
Mortgage Lender/Banker (1st & 2nd Mort.) Bond Bureau of Financial Institutions Mortgage Lender Apply Now
Small Loan Companies Bond State Corporation Commission Motor Vehicle Title Lender Apply Now
Small Loan Companies Bond BUREAU OF FINANCIAL INSTITUTIONS Loan Company Bond Apply Now
Title Insurance Agents & Escrow Officers Bond Bureru of Insurance Title Insurance Settlement Agent Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Motor Vehicle Dealer Board Motor Vehicle Dealer Apply Now
Auto & Mobile Home Dealers (New & Used) Bond Department of Motor Vehicles Motorcycle, Trailer or T&M Vehicle Dealer Apply Now
Auto & Mobile Home Dealers (Used Only, No New) Bond Motor Vehicle Dealer Board Motor Vehicle Dealer Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Department of Motor Vehicles Passenger Carrier/Broker Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Vehicle Investment Protection, Inc. Extended Service Contract Provider/Obligor Apply Now
Motor Vehicle (Non-Dealer, Not Listed) Bond Commonwealth of Virginia Household Goods Carrier Apply Now
Sport Permits Bond Dept of Professional and Occupational Regulation Boxing and Wrestling Event Bond Apply Now
Health Spas/Health Clubs Bond Dept of Agriculture and Consumer Services Health Spa Apply Now
Health Spas/Health Clubs Bond Dept of Agriculture and Consumer Services Health Club Bond Apply Now
Auctioneers (Other than Livestock) Bond Commonwealth of Virginia DPOR Auctioneer Bond Apply Now
Detectives Bond Dept. of Criminal Justice Services Private Security Services Bond Apply Now
Medicare & Medicaid (Home Agencies, State) Bond Department of Health Home Care Organization Apply Now
Nursing Homes Bond Virginia Department of Health Home Care Organization Bond Apply Now
Professional Licenses (All Other) Bond Fairfax County, VA LICENSE BOND( Fairfax County) Apply Now
Professional Licenses (All Other) Bond Loudoun County PRECIOUS METALS & GEM DEALER Apply Now
Professional Licenses (All Other) Bond The County of Amelia Virginia. Precious Metal and Gem Dealer's Apply Now
Professional Licenses (All Other) Bond VA Department of Criminal Justice Services Special Conservator of the Peace Apply Now
Professional Licenses (All Other) Bond Virigina Corporate Comisson Competitive Local Exchange Service Apply Now
Professional Licenses (All Other) Bond Commonwealth of Virginia Dept of Transportation Land Use Permit Apply Now
Professional Licenses (All Other) Bond Prince William County Board of County Supervisors Food Truck Vendor Apply Now
Professional Licenses (All Other) Bond Town of Abingdon Pawnbrokers Bond Apply Now
Professional Licenses (All Other) Bond Norfolk Police Department Secondhand Dealer Bond Apply Now
Professional Licenses (All Other) Bond LOUDOUN COUNTY HEALTH DEPARTMENT Loudoun County Septic Tank Cleaner License Bond Apply Now
Professional Licenses (All Other) Bond City of Virginia Beach City of Virginia Beach Admissions Tax Bond Apply Now
Professional Licenses (All Other) Bond County of Mecklenburg County of Mecklenburg Precious Metals and Gems Dea Apply Now
Professional Licenses (All Other) Bond City of Virginia Beach Admissions Tax Bond Apply Now
Professional Licenses (All Other) Bond City of Staunton (City of Staunton) Pawn Broker Bond Apply Now
Professional Licenses (All Other) Bond City of Staunton City of Staunton Apply Now
Professional Licenses (All Other) Bond City of Newport News, Virginia (City of Newport News, VA) Pawnbroker Bond Apply Now
Professional Licenses (All Other) Bond Division of Securities and Retail Franchising Franchisor's Bond Apply Now
Professional Licenses (All Other) Bond North Chesterfield County Precious Metals Dealer Bond (North Chesterfield Co Apply Now
Schools (All) Bond Department of Motor Vehicles Driver Training School Apply Now
Schools (All) Bond State Council of Higher Education for Virginia State Council School Apply Now
Travel Agencies Bond VA Dept. of Agriculture and Consumer Svcs, Office Travel Club Apply Now
Alcohol (Manufacturers, Warehouses, Wholesalers) Bond Department of Alcohol Beverage Control Malt Beverage Manufacturer, Bottler or Wholesaler Apply Now
Alcohol (Manufacturers, Warehouses, Wholesalers) Bond Department of Alcohol Beverage Control Wholesale Wine Distributor's Bond (Individual or P Apply Now
Alcohol (Manufacturers, Warehouses, Wholesalers) Bond Department of Alcohol Beverage Wholesale Wine Distributor Bond (Corporation Form) Apply Now
Fuel Tax (All Others, Sellers & Users) Bond Lion Petroleum, Inc. (Lion Petroleum Inc) Fuel Supplier Bond Apply Now
Sales, Use & Consumer Tax Bond City Of Norfolk Meal Tax Bond (City Of Norfolk) Apply Now
Sales, Use & Consumer Tax Bond Virginia Dept of Taxation Tax Bond Apply Now
Sales, Use & Consumer Tax Bond City of Norfolk Meal Tax Bond (City of Norfolk) Apply Now
Sales, Use & Consumer Tax Bond City of Hampton Food & Beverage Tax Bond (City of Hampton) Apply Now
Sales, Use & Consumer Tax Bond City of Portsmouth Meal Tax Bond (City of Portsmouth) Apply Now
Sales, Use & Consumer Tax Bond City of Norfolk Meal Tax Bond (City of Norfolk) Apply Now
Utility Deposit Bond Dominion Virginia Power Electric Services Bond Apply Now
Utility Deposit Bond Dominion North Carolina Power Electric Services Bond Apply Now
Utility Deposit Bond Richmond Public Utilities Dept. of Public Utilities, City of Richmond Utilit Apply Now
Fringe Benefits Only Bond IBEW Local 666 International Brotherhood of Electrical Workers an Apply Now
Lottery Bond State Lottery Department Lottery Retailer Surety Bond Apply Now
Money Transmitter Bond State Corporation Commission Money Order Sales and Money Transmission Bond Apply Now
Telemarketing/Phone Solicitor Bond Dept of Agriculture & Consumer Affairs Professional Solicitor Form 105 Apply Now
Appraisal Management Virginia Real Estate Board Appraisal Management Company Bond Apply Now

Types of Surety Bonds in Virginia

When getting licensed in Virginia, many businesses will be required to obtain a license and permit bond. In order to participate in construction projects, contractors will often need to obtain contract bonds. Court bonds are also available to those of our applicants who have been ordered by a court in the state to get bonded.

Review the sections below for particular information on all of these different types of bonds.

License & Permit Bonds

Many Virginia businesses will be required to post a license bond when they apply for their business license. These bonds are part of every state’s rules and regulations regarding business licensing.

License bonds are put in place in order to protect both the state and the public, as well as individuals. They do so by securing financial compensation by a surety, which is available in cases of fraud, malpractice, and other instances in which businesses do not comply with state regulations for their license. In other words, these bonds guarantee that businesses will perform according to regulations, industry standards, and best practices.

Among the most popular license bonds in the state are the auto dealer bond and freight broker bond. Many other types of license bonds are also required in the state, and are available if you'd like to obtain them.

Start your surety bond application today! Why us?
  • Quick turnaround - just 1-2 business days
  • Tailor-made advice on building a strong application
  • Exclusive bad credit programs

Contract Bonds

When contractors become licensed and bonded they can begin working on construction projects in the state. Often these projects, especially public projects, will require contractors to obtain the necessary contract bonds. These bonds protect the bond’s principals, which can be the state or private owners, by guaranteeing that contractors will perform in accordance to state regulations as well as contract conditions.

So, in order to bid on such projects, work on them, or perform maintenance work, contractors are often required to obtain bid bonds, performance bonds, or payments bonds, to name a few.

Court Bonds

There are also instances in which individuals may be requested by a court to obtain a surety bond. These bonds are called court bonds, and are required in one of the following cases:

When an individual in Virginia wants to appeal a court judgment, they may be required by the appellate court to obtain a supersedeas (appeal) bond before the appeal can proceed. Alternatively, an individual in Virginia who is about to become a fiduciary, or guardian of someone’s assets or property, may be required by a probate court to obtain a fiduciary or guardianship bond.

If you have any further questions about the different types of Virginia surety bonds, call us at (866)-450-3412. Our experts are here to respond to your questions and provide advice and guidance.

Surety Bond Cost in Virginia

To obtain a bond, you will need to pay a premium. This is a percentage of the total amount of the particular bond you are applying for.

A bond’s amount is its penal sum – the amount of its coverage or compensation which can be offered to obligees. All bonds have different amounts, which are fixed either by state regulations or on a federal level.

How is the bond premium determined?

When determining the premium, sureties will consider an applicant’s personal credit score as one of the main factors to base their decision on. Personal credit score is considered a good indicator of how financially stable applicants are. Sureties will usually also take into account a number of other factors, such as:

  • Financial statements
  • An applicant’s industry experience
  • An applicant’s fixed and liquid assets
  • Other financial indicators

Those applicants whose credit score is high are offered so-called standard market rates by sureties. These rates are usually between 1%-4% of the total amount of the bond. Keep in mind that the exact amount depends on the type of bond that you want to obtain.

But there are also those applicants who have a low or even bad credit score. Premiums for such applicants are between 5%-15% of the total bond amount. Learn more about getting a bond with a low credit score from our Bad Credit Surety Bond Program page!

If you’re wondering how much your surety bond may cost, try our surety bond cost calculator below. To learn more about bond premium, our surety bond cost page is a great source of additional information on the topic.

+ -
+ =

Surety Bond Cost Calculator

* This form is for a rough estimate only.

Tell us where to send you your FREE estimate

SEND ME MY ESTIMATE!

We'll never share your information with third parties

Back to Surety Bond Cost Calculator

Thank you for your request!

The ballpark estimate on your premium is: $100 - $167

We've send a copy of your estimate on your email as well.

Want an exact quote? Simply fill out our online application It's fast and 100% free!

Get a free exact quote Get another estimate

How to Get Bonded in Virginia

To apply for your bond, just read through the instructions below, pick the right form, fill it in and submit it. We will then review your application and contact you within a short amount of time with your free quote.

License bond application

Apply online here if you require a license and permit bond. These bonds usually take only a short time to review, so you can expect to hear from us soon after you submit your application.

Not ready to apply? Then simply get a free no-obligations quote, so you can see our low prices!

Contract bond application

Depending on the type of contract bond you are applying for, you need to download and complete one of two application forms. Please use the Fast Track Program form if the amount of your Virginia contract bond is less than $250,000, and the Full Bond Line Project form if the amount of your bond is more than $250,000.

Once you’ve filled in all the details, send your application off to us and we'll get in touch with you as soon as we've reviewed it.

Call us at (866)-450-3412 if you need any help with your application. Our professionals can guide you through the application process and respond to any questions you may have concerning the bonding process. We will be happy to help you!

Further Reading


About the author:
Todd Bryant
Todd Bryant is a graduate of Germantown Academy and the University of Pittsburgh College of Business Administration Honors College. He has been President of Bryant Surety Bonds, Inc., an A+ rated Business with the Better Business Bureau, since 2007. Licensed as a producer with the Department of Insurance, he has been published in the National Association of Surety Bond Producers newsletter and on numerous authoritative publications such as The Washington Post, Entrepreneur.com, Azcentral.com and many more.