West Virginia Surety Bond Overview

Frequently, getting your business licensed in West Virginia requires obtaining a surety bond. As the top provider of surety bonds across the U.S., Bryant Surety Bonds can help applicants get the bond they need regardless of financial status or credit score.

We only work with the best-reputed surety bond companies in the U.S. That means even if you have bad credit, your bond will be issued by an A-rated and T-listed provider. In today’s cautious market this means a lot, as many obligees are selective about the surety bonds they accept. With Bryant Surety Bonds you are guaranteed to have your West Virginia surety bond accepted or you will get your money back.

Do you know which bond you want to apply for? Then simply find it in the table below and click the “Apply Now” button. Should you have any questions, you can direct them to our surety experts at (866)-450-3412.

Scroll down below to find even more information on West Virginia surety bonds, including types of surety bonds and cost calculations.

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".

  • Excess Weight, Other Highway & Street Permit Bond
    WV Depratment of Transporation
    Division of Highways Encroachment
  • Collection Agency Bond
    Tax Dept, Internal Auditing Division
    Collection Agency
  • Debt Consolidators Bond
    Secretary of State
    Credit Services Organization Bond
  • Professional Fund Raisers Bond
    Secretary of State
    Professional Fund Raising
  • Insurance 3rd Party Administrator Bond
    West Virginia Insurance Commissioner, Financial Co
    Financial Conditions Division Administrators Bond
  • Mortgage Broker (1st & 2nd Mortgages) Bond
    Commissioner of Banking
    Mortgage Broker
  • Mortgage Lender/Banker (1st & 2nd Mort.) Bond
    Commissioner of Banking
    Mortgage Lender
  • Mortgage Lender/Banker (1st & 2nd Mort.) Bond
    Commissioner of Banking
    Mortgage Lender/Originator
  • Auto & Mobile Home Dealers (New & Used) Bond
    Division of Motor Vehicles - Dealer Services
    Motor Vehicle Dealer
  • Auto & Mobile Home Dealers (Used Only, No New) Bond
    Division of Motor Vehicles - Dealer Services
    Motor Vehicle Dealer
  • Oil, Gas, Water or Mineral Wells or Leases Bond
    Single Oil or Gas Well, Single Liquid Injection We
  • Oil, Gas, Water or Mineral Wells or Leases Bond
    West Virginia Dept of Environmental Protection
    Single Oil or Gas Well, Single Liquid Injection We
  • Sport Permits Bond
    West Virginia State Athletic Commission
    Promoter's License Bond
  • Health Spas/Health Clubs Bond
    Office of the Attorney General
    Health Club
  • Detectives Bond
    Commonwealth Of Virginia Dept of Criminal Justice
    Private Security Services
  • Detectives Bond
    WV Secretary of State
    Detectives Bond
  • Professional Licenses (All Other) Bond
    West Virginia of Insurance Commissioner
    Professional Employer Organization
  • Professional Licenses (All Other) Bond
    West Virginia Department of Natural Resources
    Hunting & Fishing License Sales Bond
  • Professional Licenses (All Other) Bond
    Divison of Natural Resources
    Outfitters and Guides Bond
  • Professional Licenses (All Other) Bond
    Secretary of State
    Notary Public
  • Schools (All) Bond
    State of West Virginia
    Private Vocational School
  • Alcohol (Retailers) Bond
    WV Department of Revenue
    Permit Carrier Bond (WVABCA)
  • Alcohol (All Others) Bond
    Alcohol Beverage Control Administration
    Non-Intoxicating Beer
  • Alcohol (All Others) Bond
    Alcohol Beverage Control Administration
    Alcohol Beverage Control
  • Fuel Tax (All Others, Sellers & Users) Bond
    WV State Tax Dept.
    Motor Fuel Excise Tax Bond
  • Utility Deposit Bond
    American Electric Power
    In Lieu of Cash Deposit Bond (AEP)
  • Wages & Fringe Benefits Bond
    WV Division of Labor
    Wage Payment Bond
  • Wages & Fringe Benefits Bond
    West Virginia Carpenters Joint Admin. Trust
    (WVCJAT)Wages & Fringe Benefits Bond
  • Fringe Benefits Only Bond
    Division of Labor
    Wage Payment Collection Surety Bond
  • Money Transmitter Bond
    Money Currency Exchange, Transmission & Transporta
  • Telemarketing/Phone Solicitor Bond
    Secretary of State
    Prof. Fund-Raising Counsels & Prof. Solicitors
  • Telemarketing/Phone Solicitor Bond
    Secretary Tax and Revenue, W VA Dept. of Tax & R
    Office of Telemarketing Registration Corporate
  • Appraisal Management
    State of West Virgina
    Appraisal Management Companies Bond

Types of West Virginia Surety Bonds

Not all surety bonds are required under the same conditions, nor do they serve the same purpose. It’s important to know a bit about the three main categories of surety bonds:

  • License and permit bonds, which are mandatory for many businesses prior to obtaining a license to do business in West Virginia.
  • Construction bonds, which many contractors will need when they bid on public or private projects in the state.
  • Court bonds, which some individuals may need due to a decision of a state court.

Let’s go into a bit more detail about each bond category. If you need a clearer idea of how surety bonds work, be sure to visit our page called “What is a Surety Bond?

West Virginia License and Permit Bonds

License and permits bonds are sometimes called commercial bonds. They include the largest number of surety bonds.

You will need to post a license bond if you own a business, which the state of West Virginia regulates through surety bonds. The bond needs to be in place when you apply for your business license, otherwise your application may be rejected. The purpose of license and permit bonds is to safeguard the interests of the public and the state. A claim can be filed against you if your business is in violation of the bond agreement. Proven claims can hurt your business financially, so it’s best to avoid them by following the rules.

Examples of West Virginia surety bonds which businesses need to post are the West Virginia auto dealer bond, the collection agency bond, as well as the professional solicitor bond.

West Virginia Construction Bonds

Construction bonds are a category of surety bonds, often required as a prerequisite to working on large public project. In recent years, many private project owners have chosen to require construction bonds as well.

The purpose of these bonds is to make sure the project is completed on time and per the conditions in the contract. There are several main types of construction bonds and all of them may be required for one project:

  • Bid Bonds
  • Performance Bonds
  • Payment Bonds
  • Supply Bonds

Make sure you learn more about each construction bond you are required to procure. Claims against that type of surety bond can also have serious consequences for contractors.

West Virginia Court Bonds

Court bonds can be required from a West Virginia court. If a state court appoints you a fiduciary of somebody’s funds, assets or property, you might be mandated to post a fiduciary bond. The bond makes sure you will manage the person’s assets in their best interests.

Another instance which may require a court bond is when an individual is appealing a court judgment. Appellants may be required to post a supersedeas bond.

Surety Bond Cost in West Virginia

Surety bond costs are easier to predict, once you know which type of bond you need. Every surety bond has a designated total bond amount, set by the state. This is the amount up to which a claimant (whether the state or a client) can be compensated, in case their claim is deemed valid.

Surety bond companies ask businesses for a bond premium in exchange for providing the bond. They determine the premium based on the risk they are assuming by underwriting a bond for a particular candidate. This risk is evaluated mostly by a look at the applicant’s credit report. Standard market premiums are between 1% and 4%.

Some other factors besides your personal credit score which you can include in your application, so as to reduce your premiums, are:

  • Personal and business financial statements
  • Information about any liquid assets
  • Resumée demonstrating rich experience in your industry

But what if you have a bad credit score? Some surety underwriters are less willing to provide bonds for such applicants. But Bryant Surety Bonds has an exclusive Bad Credit Program. With premiums between 5% and 15%, this program gives you access to the same strong bond providers that all our clients work with.

You can instantly get an estimate of your premium by using the surety bond calculator on your right. For even more information on how surety bond pricing works, check out our Surety Bond Cost page.

How to Get a West Virginia Surety Bond

Getting bonded is now a breezе thanks to our fast and secure online application. It takes a few minutes to complete, and you will receive a free no-obligations quote upon submission. One of our surety bond agents will contact you to take you through the rest of the application.

As soon as we get in touch with a surety bonds underwriter, we will finalize your application and send you the original bond form by mail. You should send that to the authority requiring it, but you can request a copy via fax or email.

As always, we are there to help you if you encounter any difficulties with your application. Just call us at (866)-450-3412.

Our Education Center contains a wealth of surety bond resources which you can also consult for more information.