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".
|Freight Broker Bond (BMC-84)||FMCSA||N/A||Apply Now|
|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.
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.
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
Tell us where to send you your FREE estimateSEND ME MY ESTIMATE!
We'll never share your information with third parties
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.
Contract bond application
Depending on the type of contract bond you are applying for, complete the online application. After we review your application, we will contact you with more information about the bonding process.
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!