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