Surety bonds in Virginia
Virginia’s federal contracting, technology, and construction sectors bring surety bonds into many licensing processes. A surety bond protects the obligee and the public — if a valid claim is paid, the bonded Virginia business generally reimburses the surety.
Bonds commonly required in Virginia
Contractor License Bond
Some Virginia localities require contractors to post a bond in connection with licensing or permits.
Motor Vehicle Dealer Bond
Dealers commonly carry a bond intended to protect buyers and the state.
Notary Public Bond
Where required, a notary bond helps protect the public from notarial errors or misconduct.
Mortgage / Lending Bond
Mortgage and lending licensees may be required to maintain a surety bond.
Performance & Payment Bonds
Public construction frequently requires these bonds to assure completion and payment to subcontractors.
Confirm the specific bond with the obligee or your Virginia licensing board, then get a quote so you can compare premiums.
A surety bond protects the party requiring it (the obligee) and the public — it is not insurance for your business. If a claim is paid, the principal generally repays the surety. Bond requirements and amounts are set by the obligee and vary by license type and jurisdiction. Verify the exact requirement before you buy.
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