West Virginia Surety Bond Types

Each state offers different kinds of surety bonds, and oftentimes the government requires businesses to have one to operate legally. While obtaining a surety bond may seem like a hassle, it’s actually quite easy to do and well worth the investment.

Surety bonds in West Virginia, as well as in other states, act as extra protection for a business’s consumers by guaranteeing the business follows through with all contractual agreements. The individual or business is the principal who offers a service, and the customers are obligees who should receive the service. The surety bond provider makes a deal to ensure that customers aren’t left in the dark if the principal fails to follow through with its agreement.

Surety Bond Definitions in West Virginia

There are some unique reasons you might need a surety bond in the state of West Virginia.For example, a nonresident of the “mountain state” who cuts wood in the state may choose to submit a nonresident timber severance tax surety bond. While a surety bond is not required to get the necessary business registration certificate, it can be issued to the local tax commissioner in lieu of a timber severance tax prepayment.

Given the nature of surety bonds, this option might be more attractive to you if you plan to cut timber in West Virginia. You would likely receive a much better personal benefit by purchasing a surety bond because doing so reassures your customers that you are reliable and committed to fulfilling your contract. And, if something unexpected did go wrong the surety would be able to financially back you up if all other means of collecting reimbursement were unsuccessful.

The government requires many other types of businesses, from auctioneers to car dealerships, to purchase surety bonds as well. In each of these cases, the government seeks to use a surety bond to protect the customer from fraudulent businesses and broken contracts. Make sure you look at the specific rules and regulations for surety bonds in your state.You want to make sure you obtain the right type of bond in the correct amount to avoid penalties. But keep in mind, surety bonds aren’t just about keeping the law and avoiding penalties, they’re about protection.They’re about protecting you and your potential customers.

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Bond Type Obligee Cost Apply Get Quote
Department of Health and Human Resources, Office of Health Facility Licensure and Certification
One Davis Square, Ste. 101
Charleston, WV 25301
varies Apply Now Get Quote
Alcohol Beverage Control Bond Alcohol Beverage Control Administration
322 70th St. E.
Charleston, WV 25304
$5,000 Apply Now Get Quote
Blanket Bond for Oil or Gas Wells, Liquid Injection Wells or Waste Disposal Wells Department of Environmental Protection, Office of Oil and Gas
601 57th St., S.E.
Charleston, WV 25304
varies Apply Now Get Quote
Bond for Single Oil or Gas Well, Single Liquid Injection Well or Single Waste Disposal Well Department of Environmental Protection, Office of Oil and Gas
601 57th St., S.E.
Charleston, WV 25304
varies Apply Now Get Quote
Brewer/Importer Bond Alcohol Beverage Control Administration
322 70th St. E.
Charleston, WV 25304
$25,000 Apply Now Get Quote
Collection Agency Bond State Tax Department, Internal Auditing Division
P.O. Box 2666
Charleston, WV 25330
$5,000 Apply Now Get Quote
Conservator and/or Guardian Bond Supreme Court of Appeals, Administrative Office of the Courts
Capitol Complex, Building 1, Room E-100
Charleston, WV 25305
varies Apply Now Get Quote
Currency Exchange Transmission & Transportation Bond Commissioner of Banking
One Players Club Dr., Ste. 300
Charleston, WV 25311
varies Apply Now Get Quote
Discount Medical Plan Organization Bond Offices of the Insurance Commissioner
P.O. Box 50540
Charleston, WV 25305
varies Apply Now Get Quote
Excess Lines Broker Insurance Commissioner
P.O. Box 50540
Charleston , WV 25305
Apply Now Get Quote
Health Spa Bond Office of Attorney General
P.O. Box 1789
Charleston, WV 25326
$50,000 Apply Now Get Quote
Mortgage Broker/Mortgage Loan Originator Bond Division of Banking
One Players Club Dr., Ste. 300
Charleston, WV 25311
varies Apply Now Get Quote
Mortgage Lender/Mortgage Loan Originator Bond Division of Banking
One Players Club Dr., Ste. 300
Charleston, WV 25311
varies Apply Now Get Quote
Motor Fuel Excise Tax Bond State Tax Department, Internel Auditing Division, Excise Tax Unit
P.O. Box 2666
Charleston, WV 25330
varies Apply Now Get Quote
Nonintoxicating Beer Bond Alcohol Beverage Control Administration
322 70th St. E.
Charleston, WV 25304
$1,000 Apply Now Get Quote
Nonresident Contranctors Consumers Sales and Service Tax and Use Tax Bond State Tax Department
P.O. Box 2666
Charleston, WV 25330
varies Apply Now Get Quote
Private Detective or Investigator Bond Secretary of State
1900 Kanawha Blvd., Ste 157-K
Charleston, WV 25305
$2,500 Apply Now Get Quote
Professional Fund Raising Counsel's and/or Professional Solicitor's Bond Secretary of State
1900 Kanawha Blvd., Ste 157-K
Charleston, WV 25305
$10,000 Apply Now Get Quote
Real Estate Broker or Salesperson Bond Real Estate Commission
300 Capitol St., Ste. 400
Charleston, WV 25301
$2,000 Apply Now Get Quote
Resident Brewer Bond Alcohol Beverage Control Administration
322 70th St. E.
Charleston, WV 25304
$5,000 Apply Now Get Quote
Self Insurer of Workers' Compensation Bond Workers' Compensation Commission, Self-Insurance Unit
P.O. Box 50540
Charleston, WV 25339
varies Apply Now Get Quote
Transient Vendor Bond State Tax Department, Internal Auditing Division
P.O. Box 2666
Charleston, WV 25330
$500 Apply Now Get Quote
Wage Payment Collection Surety Bond Division of Labor
Capitol Complex, Building 6, Room B-749
Charleston, WV 25305
varies Apply Now Get Quote
Wine Distributor Bond Alcohol Beverage Control Administration
322 70th St., S.E.
Charleston, WV 25304
$10,000 Apply Now Get Quote
Wine Supplier Bond Alcohol Beverage Control Administration
322 70th St. E.
Charleston, WV 25304
$10,000 Apply Now Get Quote