How much does a Virginia contractor license bond cost?
The cost of a Virginia contractor bond is determined by an underwriter and is based on the applicant’s qualifications. Highly qualified applicants may be approved for as little as $875 for the full two-year term.
Need to be bonded in a specific city or county? Get more information on the contractor license bond you need.
Why do I need this bond?
The Virginia Department of Professional and Occupational Regulation is in charge of licensing contractors. If a contractor cannot prove they meet the minimum net worth requirement for their license classification, a $50,000 surety bond is required.
What’s the difference between Class A and Class B licenses?
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 over the past 12 months in an amount between $150,000 and $750,000.
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!
How to get a Virginia contractor license
To get a Virginia contractor’s license, the applicant must indicate whether they are Class A or B and what type of license they are seeking. Examples of contractor licenses include building, commercial improvement, electrical and roofing.
A $25 fee must be paid to the Virginia Contractor Transaction Recovery Fund, as well a licensing fee based on the license classification:
- Class A contractors: $360
- Class B contractors: $345
Once all materials are completed and fees paid, the application is submitted to the Virginia Department of Professional and Occupational Regulation.
City and County-Specific Bonds
Several cities and counties in Virginia require contractors to purchase a bond, many of which can be issued instantly. Select your city or county to find out more about your bond requirement.
- Falls Church, Virginia, Contractor Bond
- Prince William, Virginia, Home Improvement Bond
- Fairfax County, Virginia, Home Improvement Bond
Don’t see your bond listed? 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.
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.
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.
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.
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