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How much does a Virginia contractor license bond cost?
Pricing for the 2-year, $50,000 contractor bond required by the Department of Professional and Occupational Regulation Board for Contractors requires underwriting based on the applicant’s qualifications. Highly qualified applicants may be approved for as little as $438 for the full 2-year term.
Pricing for specific city and county bond requirements starts at $100 and can be purchased online instantly without a credit check or any other underwriting. Choose your bond in the table below to determine your surety bond cost!
Why do I need a Virginia contractor surety bond?
The Virginia Department of Professional and Occupational Regulation (DPOR) requires a $50,000 contractor surety bond if a contractor cannot prove they meet the minimum net worth requirement for their license classification. The bond protects customers against unlawful business activity and ensures the contractor operates accordingly under all state, county or city provisions.
How to get a Virginia contractor license
To get a VA contractor’s license, the applicant must first indicate whether they are Class A, B or C and what type of license they are seeking to indicate what type of work is allowed/covered. The contractor must then fill out the appropriate application including all relevant fees and proof of surety bond. Refer to the Department of Professional and Occupational Regulation to find your application.
WHAT IS THE DIFFERENCE BETWEEN CLASS A, CLASS B AND CLASS C CONTRACTOR LICENSES IN VIRGINIA?
A contractor is considered Class A if they handled a single contract of $120,000 or more or if the total value of all of the contracts undertaken in the past 12 months is $750,000 or more. Class B contractors have handled a single contract valued between $10,000 and $120,000 or had a total contract value between $150,000 and $750,000 within the the past 12 months. Class C contractors have handled a single project more than $1,000 but no more than $10,000 or no more than a total of $150,000 over a 12-month period. Class C contractors are not responsible for obtaining a surety bond.
A $50 annual business registration fee as well a licensing fee based on the license classification is required:
- Class A contractors: $385
- Class B contractors: $370
- Class C contractors: $235
Once all materials are completed and fees paid, the application is submitted to the Virginia Department of Professional and Occupational Regulation.
Ready to find out how much you can save on your Virginia contractor licensing bond? Give us a call at 1 (800) 308-4358 or fill out an online application!
City and County-Specific Bonds
Several cities and counties in Virginia require contractors to purchase a bond, many of which can be issued instantly for just $100. Select your city or county to find out more about your bond requirement.
Don’t see your bond listed here? We can help! Give our surety specialists a call at 1 (800) 308-4358 or request a quote to get the Virginia bond you need.
ARLINGTON COUNTY, VIRGINIA ELECTRICAL CONTRACTOR BOND AND HOME IMPROVEMENT CONTRACTOR BOND
Arlington County electrical contractor bonds require electricians to conduct business with customers in accordance with all laws and regulations of the county. It protects the public against any fraud or misconduct.
Home improvement contractor bonds protect customers in Arlington county from any unethical or illegal actions of the contractor. The amount of the bond is $10,000 and the form is available on the Arlington County website.
DANVILLE, VIRGINIA CONTRACTOR BOND
Contractor bonds in Danville protect customers in the city from any unethical or illegal actions of the contractor. Class B and C Contractors are required by Section 9-2 of the Code of the City of Danville, to post a $5,000 surety bond.
FAIRFAX COUNTY, VIRGINIA HOME IMPROVEMENT BOND
Home improvement contractor bonds in Fairfax County require contractors to adhere to the Home Improvement Ordinance and all laws of the State of Virginia and the County of Fairfax. The bond protects from expenses and damages that occur as a result of the contractor’s negligent, defective or inadequate work. The amount of the bond is $5,000 and can be found on the Fairfax County website.
FALLS CHURCH, VIRGINIA CONTRACTOR BOND
Falls Church contractor surety bonds guarantee contractors will comply with all provisions of the city of Falls Church. If the contractor fails to comply with these terms, the bond protects the city from financial loss up to the full bond amount. These bonds expire annually on June 30, so your bond premium could be prorated depending on when you buy it.
Tree contractor surety bonds allow for companies to be properly licensed to work for customers within the City of Falls Church.
LYNCHBURG, VIRGINIA CONTRACTOR BOND
Contractor bonds in Lynchburg protect customers in the city from any unethical or illegal actions of the contractor.
NEWPORT NEWS, VIRGINIA CONTRACTOR BOND
Contractor bonds in Newport News protect customers in the city from any unethical or illegal actions of the contractor. The bond amount is $5,000 and must be issued on the form provided by the city.
PETERSBURG EXCAVATION CONTRACTOR BOND
Excavation bonds ensure that contractors working in construction involving natural land disruption or restoration will conduct business in accordance with Petersburg’s laws and regulations.
PORTSMOUTH, VIRGINIA CONTRACTOR BOND
Contractor bonds in Portsmouth are required in the amount of $5,000 to protect customers in the city from any unethical or illegal actions of the contractor.
PRINCE WILLIAM, VIRGINIA HOME IMPROVEMENT BOND
By posting a home improvement bond in Prince William, Virginia, contractors pledge to complete all construction work according to the requirements of the Home Improvement Ordinance of the Prince William County Code. The bond protects the county and any person affected by the contractor’s negligent, defective or inadequate work.
RICHMOND, VIRGINIA CONTRACTOR BOND
Contractor bonds in Richmond protect customers in the city from any unethical or illegal actions committed by contractors.
ROANOKE, VIRGINIA EXCAVATION CONTRACTOR BOND
Excavation bonds ensure contractors working in construction involving natural land disruption or restoration will conduct business in accordance with Roanoke’s laws and regulations.