1 (800) 308-4358

Virginia
Commercial Utility Broker Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $10,000
Term Length: 1 year
Price Varies
Most Bonds Processed In 24 Hours Or Less
Email Delivery

Purchase your bond today and we'll email your bond directly to you. No shipping required.

Best Prices

We shop the top surety markets to find you the best rate.

Secure Checkout

Backed by SSL, our online bonding process is secure. We are committed to your privacy.

Trustpilot

Virginia Commercial Utility Broker Bond Guide

If you’re a utilities broker applying for a competitive service provider (CSP) license in Virginia, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure that utility brokers act ethically and lawfully
  • Who Needs It: Competitive utility suppliers in Virginia
  • Regulating Body: The State Corporation Commission
  • Required Coverage: $10,000
  • Premium Rate: $100–$1,000, credit-based

Learn all about the bond requirements and process in this guide. 

What Is a Virginia Commercial Utility Broker Bond?

A Virginia commercial utility broker bond, also known as a competitive service provider bond, insures the Commonwealth of Virginia from harm. 

The $10,000 surety bond is financial security that can be used to cover any fines or fees if the broker breaks the law or doesn’t pay taxes. 

How Much Do Commercial Utility Broker Bonds Cost?

Virginia commercial utility broker bonds cost a small percentage of the $10,000 coverage amount, typically $100–$1,000.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$10,000Commercial Utility Broker Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Virginia commercial utility broker bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with the SCC as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Virginia Commercial Utility Broker Bond Work? 

A commercial utility broker bond creates a legal contract between these three parties: 

  1. Principal: You, the commercial utility broker filing the bond
  2. Obligee: The State Corporation Commission requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Code of Virginia § 5-312-40. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your commercial utility broker bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert

or