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Most Popular Bonds in Virginia
- Business Service Bond
Those who work in clients' homes or businesses purchase these bonds to protect against theft
- Contractor License Bond
Required for individiduals licensed as contractors in certain cities or at the state's discretion
- Janitorial Service Bond
Individuals and companies who clean homes or businesses purchase these bonds to protect against theft.
- Lottery Bond
Required if you engage in the sale of lottery tickets or use lottery equipment for commercial purposes
- Malt Beverage Manufacturer, Bottler, or Wholesaler Bond
Required for individuals who purchase beer or wine from importers and resell it to retailers
- Mortgage Broker or Loan Originator Bond
Required for businesses that negotiate, place, or find mortgage loans for others
- Motor Vehicle Dealer Bond
Required for individuals who sell 5 or more vehicles in a 12-month period
- Passenger Carrier and Passenger Broker Bond
Required for individuals who arrange for passenger transportation on behalf of companies
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Virginia Surety Bond Costs
“How much will my surety bond cost?” is the most common question our clients ask. Although several factors impact your exact surety bond cost, the primary factor is risk. “High risk” means there’s an increased chance that a claim will be made against a bond; these bonds typically require underwriting consideration. Low-risk bonds, on the other hand, can often be issued instantly for a set price.
$25,000 Virginia Passenger Carrier and Passenger Broker Bonds, for example, are issued instantly at $250 for a 1-year term. $20,000 Lottery bonds, though also issued for Virginia, require a review of the applicant’s credit history and bond amount. This bond can cost as low as $200 depending on the applicant’s credentials.
Consulting a surety professional is the best way to determine your exact surety bond cost in Virginia. You can request your free quote online, or you can call 1 (800) 308-4358 to speak with an experienced bond specialist. SuretyBonds.com works with you to provide the lowest available rate, no matter your circumstances.
Determining Your Virginia Bond Type
With thousands of unique surety bond forms available nationwide, we know that determining the exact one you need can be confusing. Virginia has a variety of surety bond requirements, and it’s important to provide the right bond to earn licensure or protect a title on a vehicle, for example.
Contacting the obligee — the entity requiring the bond — is the best way to ensure you’re obtaining the correct bond. The department, office, or board requiring the bond can connect you with the bond form needed, as well as your required bond amount. These two pieces of information can speed up the bonding process when you work with SuretyBonds.com and guarantee you’re getting the bond you need at the best price available.
The SuretyBonds.com Advantage
Our mission is to provide every client with fast, easy, and accurate service while offering the best available rate. We achieve this by maintaining relationships with the nation’s leading surety underwriters, which ensures our clients have access to the lowest premiums. Over the years, we’ve also perfected our proprietary bonding system, which allows us to provide clients with unparalleled turnaround times.
Virginia License Information
SuretyBonds.com is legally licensed to issue bonds in Virginia.
Agency License # 750911
Agent Producer License # 128791