Suretyship has a long history in the Commonwealth of Virginia. Basing its first codified codes on common law, surety practices are largely uniform and have survived largely in-tact since the colonial era. Virginia surety bonds can be required by the state, counties or municipalities as in the case of local permit bonds, however there is also a significant demand for judicial bonds for court proceedings. Here are some of the most popular surety bonds:
Required by False Church and other municipalities in varying bond amounts.
*Special surety bond program available.
Surety bond in the amount of $50,000 required by the Bureau of Insurance, State Corporation Commission.
A surety bond required by the Board of Contractors for classes A, B and C licensees, (Bond penalty based on class.)
Required from clerks, sheriffs and their deputies in most counties.
*Special surety rates available.
A surety bond in the amount of $25,000 is required by the Bureau of Insurance, State Corporations Commission.
Required by the Bureau of Financial Institutions in an amount set by statute. Licensing and electronic bonding processed through NMLS.
A surety bond in the amount of $5,000 is required by the Department of Labor, Licensing and Regulation (Contractors Div.)
A dishonesty bond which protects the clients of a cleaning service from loss due to janitorial employee acts.
Required to secure a civil appeal and obtain a stay of execution. (Based on judgment total)
A convenient mechanism for "bonding off" a lien in the Commonwealth. Bond must be equal to no less than twice the lien amount.
A Virginia surety bond is required for many occupational licenses issued by state and local government agencies. "L&P" (license and permit) bonds, public official bonds, motor vehicle dealer bond, fiduciary bonds and miscellaneous surety bonds are likewise common. In order to receive a quote generally we need only a complete commercial surety bond application. Larger surety bond requests and those that contain financial guarantees may require submission of personal and business financial statements. Damaged credit? New resident without a credit history? No problem! We decline NO ONE.
Virginia surety bond leader! Surety bond application review and quoting are free of charge. There is no obligation to purchase.