DETERMINING YOUR VIRGINIA BOND TYPE
Looking for fast and easy bonding solutions in Virginia? American Surety Bonds offers a wide range of Virginia surety bonds that can help you meet your bonding requirements quickly and efficiently. Our bonding experts will guide you through the entire process, making sure you get the right bond for your needs. From construction bonds to license and permit bonds, we have you covered. With our streamlined application process and competitive rates, getting bonded in Virginia has never been easier. Contact us today to learn more about our Virginia surety bonds and how we can help you secure the bonding you need.
An Administrator Bond is a type of surety bond required for individuals appointed as administrators of estates. It guarantees that the administrator will perform their duties in accordance with state laws and regulations, faithfully manage the assets of the estate, and pay any debts or taxes owed by the estate.
Agricultural Products Dealer Bond
A Virginia Agricultural Products Dealer Bond is a financial guarantee required by the Virginia Department of Agriculture and Consumer Services. It ensures that agricultural product dealers comply with state laws and regulations, protecting farmers and suppliers. This bond provides assurance that dealers will fulfill their financial obligations and adhere to industry standards.
An Airline Reporting Corporation (ARC) Bond is a type of surety bond required by the Airlines Reporting Corporation for travel agencies that wish to issue airline tickets on behalf of airlines. It guarantees that the agency will adhere to ARC’s rules and regulations, accurately report and pay for all tickets issued, and protect the interests of the airlines.
An Appeal/Supersedeas Bond is a type of surety bond that allows a judgment debtor to stay enforcement of a judgment while an appeal is pending. It guarantees payment of the judgment and associated costs if the appeal is unsuccessful. The bond protects the judgment creditor and ensures that they are not left empty-handed if the appeal fails.
A Virginia Appraisal Management Company Bond is a surety bond required by the Virginia Department of Professional and Occupational Regulation. This bond acts as a financial guarantee, ensuring that the company operates in accordance with state laws and regulations. It provides assurance to clients that the company will uphold professional standards, ethical practices, and fulfill contractual obligations.
A Virginia Auctioneer or Auction Firm Bond is a required surety bond for auctioneers and auction firms operating in Virginia. It guarantees compliance with state regulations, ensuring that auctions are conducted ethically and professionally. This bond provides financial protection to clients, assuring that the auctioneer or firm will fulfill their obligations and handle funds responsibly.
A Bid Bond is a type of surety bond that guarantees that a bidder will enter into a contract if they are awarded the bid. It provides financial protection to the project owner if the bidder fails to honor their bid or withdraws from the bidding process. The bond ensures that the owner will be compensated for any costs associated with finding a replacement bidder.
A Virginia Boxing, Martial Arts & Professional Wrestling Program Event Bond is a required bond for organizers of combat sports events in Virginia. It provides financial protection to participants, ensuring compliance with state regulations and safeguarding against financial loss or injury. This bond reinforces the commitment to safety, fair competition, and adherence to event guidelines.
Broker Dealer or Investment Advisor Bond
A Virginia Broker Dealer or Investment Advisor Bond is a required bond for professionals and firms operating as broker dealers or investment advisors in Virginia. It provides financial protection to clients, ensuring adherence to state regulations and ethical standards. This bond guarantees the fulfillment of obligations, promoting trust and integrity in the securities industry.
Competitive Local Exchange Service Bond
A Virginia Competitive Local Exchange Service Bond is a requirement for companies providing telecommunications services within the state. This bond serves as a financial guarantee that the company will comply with regulations, maintain quality service, and fulfill contractual obligations. It protects consumers and promotes fair competition in the telecommunications industry.
A Conservator/Guardian of a Minor Bond is a type of surety bond required for individuals appointed as conservators or guardians of minors. It guarantees that the appointed person will manage the minor’s estate responsibly, comply with state laws and regulations, and act in the best interest of the minor. The bond protects the minor’s assets and interests.
A Conservator/Guardian of an Incapacitated Adult Bond is a type of surety bond required for individuals appointed as conservators or guardians of adults who are unable to manage their affairs due to incapacity. It guarantees that the appointed person will manage the adult’s estate responsibly, comply with state laws and regulations, and act in the best interest of the adult. The bond protects the adult’s assets and interests.
A Virginia Contractor License & Permit Bond is a type of surety bond required for contractors to obtain a license or permit to operate in Virginia. It guarantees that the contractor will comply with all state laws and regulations, pay subcontractors and suppliers, and complete the project according to the contract. The bond protects the state, project owner, and subcontractors.
Credit Services Business Bond
A Virginia Credit Services Business Bond is a necessary bond for credit services businesses operating in the state. It ensures that these businesses comply with state laws and regulations, protecting consumers from fraudulent or unethical practices. This bond provides financial security and promotes trustworthiness within the credit services industry.
Dishonesty/ Business Services Bond
A Dishonesty/Business Services Bond is a type of surety bond that protects businesses from financial losses resulting from fraudulent or dishonest acts committed by employees. The bond guarantees that the employer will be compensated for any losses resulting from employee theft or fraud. The bond provides financial security to businesses and protects against employee misconduct.
A DMEPOS Bond is a type of surety bond required for suppliers of durable medical equipment, prosthetics, orthotics, and supplies to Medicare beneficiaries. It guarantees that the supplier will comply with all Medicare rules and regulations, bill accurately, and repay any overpayments. The bond protects Medicare and ensures that suppliers follow all applicable laws and regulations.
A DOT Right-of-Way Bond is a type of surety bond required by the Department of Transportation (DOT) to provide financial security for the acquisition of property for public transportation projects. It guarantees that the acquiring agency will compensate property owners for any damages, including fair market value and relocation costs. The bond protects property owners from financial losses resulting from DOT acquisitions.
Driver Training School Bond
A Virginia Driver Training School Bond is a requirement for driver training schools in Virginia. This bond guarantees that the school will comply with state regulations and operate ethically. It provides financial protection to students, ensuring that they receive quality training and that the school fulfills its contractual obligations.
An Environmental Bond is a type of surety bond required for businesses engaged in environmentally sensitive operations, such as waste management, hazardous material handling, or pollution control. It guarantees that the business will comply with all applicable environmental laws and regulations, maintain and restore the environment, and pay for any damages resulting from environmental harm caused by their operations. The bond protects the public and the environment.
ERISA Bond
An ERISA Bond is a type of surety bond required for businesses that manage employee benefit plans regulated under the Employee Retirement Income Security Act (ERISA). It guarantees that the plan fiduciary will act in accordance with ERISA regulations, manage the plan in the best interest of its participants, and protect the plan’s assets from loss due to fraudulent or dishonest acts. The bond protects plan participants from financial loss resulting from fiduciary misconduct.
A Fast Track Bond is a generic term that refers to bid bonds, supply bonds, maintenance bonds and payment & performance bonds are underwritten using the Fast Track application process. The Fast Track application process is for bids and contracts under $250,000 and relies heavily on the owner’s personal credit history.
Fuels Tax Bond
A Virginia Fuels Tax Bond is a required bond for businesses engaged in the sale, distribution, or importation of fuel in Virginia. This bond ensures compliance with state tax laws, guaranteeing the timely payment of fuel taxes. It provides financial protection to the state and promotes fair tax collection within the fuel industry.
A Virginia License & Permit Bond is a type of surety bond required by the state of Virginia for businesses and professionals to obtain various licenses and permits. This bond guarantees that the bonded party will comply with all relevant laws and regulations, and pay any fines or damages resulting from non-compliance.
A Lost Instrument Bond is a type of surety bond required to replace a financial instrument that has been lost, stolen, or destroyed. It guarantees that the bondholder will indemnify the issuer against any loss or damage resulting from the replacement of the lost instrument. The bond protects the issuer from financial loss.
A Virginia Lottery Bond is a requirement for individuals or businesses involved in lottery sales in Virginia. This bond provides financial protection to the state, ensuring the proper handling of lottery funds and adherence to state regulations. It guarantees the fulfillment of obligations and promotes transparency and integrity within the lottery industry.
A Maintenance Bond is a type of surety bond that guarantees the quality of work performed by a contractor or builder. It ensures that the work will be free from defects for a specified period of time after completion, typically one or two years. If defects are discovered during this period, the bondholder can make a claim against the bond for the cost of repairs. The bond protects the owner from financial loss.
A Virginia Malt Beverage Manufacturer’s, Bottler’s or Wholesaler’s Bond is a required bond for businesses involved in the production, bottling, or distribution of malt beverages in Virginia. This bond guarantees compliance with state regulations, including timely payment of taxes and adherence to industry standards. It provides financial protection to the state and promotes responsible business practices within the malt beverage industry.
A Virginia Money Order Sales Bond is a required bond for businesses engaged in the sale of money orders in Virginia. This bond ensures compliance with state regulations and provides financial protection to consumers. It guarantees the proper handling of funds, protects against fraud or mismanagement, and promotes trustworthiness within the money order sales industry.
A Virginia Mortgage Broker, Lender, Loan Servicer, or Loan Originator Bond is a required bond for professionals and firms engaged in mortgage-related activities in Virginia. This bond guarantees compliance with state regulations, ethical practices, and the fulfillment of financial obligations. It provides financial protection to clients and promotes trust in the mortgage industry.
A Virginia Motor Vehicle Dealer Bond is a requirement for individuals and businesses engaged in selling motor vehicles in Virginia. This bond ensures compliance with state laws and regulations, providing financial protection to customers. It guarantees the dealer’s ethical business practices, fulfillment of contractual obligations, and adherence to industry standards.
Motor Vehicle Title Lender Bond
A Virginia Motor Vehicle Title Lender Bond is a required bond for businesses engaged in motor vehicle title lending in Virginia. This bond provides financial protection to borrowers, ensuring compliance with state regulations and ethical practices. It guarantees the lender’s adherence to industry standards, responsible lending practices, and fulfillment of contractual obligations.
A Virginia Motor Vehicle Title Lender Bond is a required bond for businesses engaged in motor vehicle title lending in Virginia. This bond provides financial protection to borrowers, ensuring compliance with state regulations and ethical practices. It guarantees the lender’s adherence to industry standards, responsible lending practices, and fulfillment of contractual obligations.
Passenger Carrier & Passenger Broker Bond
A Virginia Passenger Carrier & Passenger Broker Bond is a required bond for companies operating as passenger carriers or passenger brokers in Virginia. This bond ensures compliance with state regulations and provides financial protection to passengers. It guarantees the company’s adherence to safety standards, fair practices, and fulfillment of contractual obligations, promoting trust in the passenger transportation industry.
A Payment and Performance Bond is a type of surety bond that guarantees a contractor’s ability to perform a construction contract and pay subcontractors, laborers, and suppliers. The bond is issued to the owner of the project and protects them in the event that the contractor fails to fulfill their obligations. If the contractor defaults, the bondholder can make a claim against the bond for the cost of completion or payment of subcontractors.
Premium Finance Company Bond
A Virginia Premium Finance Company Bond is a required bond for companies engaged in premium financing services in Virginia. This bond guarantees compliance with state regulations and protects the interests of policyholders. It ensures the proper handling of premium payments, adherence to ethical practices, and the fulfillment of contractual obligations within the premium finance industry.
A Virginia Private Postsecondary Education Bond is a required bond for private educational institutions in Virginia. It serves as a financial guarantee to protect students and ensure compliance with state regulations. This bond provides assurance that the institution will fulfill its educational obligations and handle student tuition and fees responsibly.
Private Security Services Bond
A Virginia Private Security Services Bond is a required bond for private security companies operating in Virginia. This bond guarantees compliance with state regulations and provides financial protection to clients. It ensures that the security company operates ethically, fulfills contractual obligations, and upholds the highest standards of professionalism and safety in the industry.
A Probate Bond is a type of court bond that is required when someone is appointed as the executor or administrator of an estate. The bond ensures that the executor or administrator will manage the estate’s assets honestly and responsibly, pay all debts and taxes owed by the estate, and distribute the remaining assets to the heirs according to the terms of the will or the law. The bond protects the beneficiaries of the estate from any mismanagement or misconduct.
Professional Solicitor’s Bond
A Virginia Professional Solicitor’s Bond is a required bond for professional solicitors operating in Virginia. This bond ensures compliance with state regulations and provides financial protection to clients. It guarantees that the solicitor will act ethically, fulfill contractual obligations, and handle funds responsibly, promoting transparency and trust in the fundraising industry.
A Virginia Public Adjuster Bond is a required bond for individuals working as public adjusters in Virginia. This bond serves as a financial guarantee, ensuring compliance with state regulations and ethical practices. It provides protection to policyholders, guaranteeing that the public adjuster will fulfill their obligations and handle claims professionally and responsibly.
A Release of Lien Bond is a type of surety bond that guarantees payment of a mechanic’s lien. It allows a property owner to have a lien released from their property before payment is made, with the bond acting as a form of collateral in the event that the lien is later found to be valid. The bond ensures that the property owner is protected from financial loss if the lien is successfully challenged in court.
A Replevin Bond is a type of surety bond that guarantees the return of property to its rightful owner. The bond is typically required when a person seeks a court order to seize property that is believed to belong to them but is currently being held by someone else. If the court orders the return of the property, the bond ensures that the person holding the property is compensated if the order is later found to be invalid.
A Special Needs Trust Bond is a type of court bond required for the appointment of a trustee to manage a special needs trust. This bond ensures that the trustee will handle the trust assets in accordance with the law and the terms of the trust and protect the interests of the beneficiaries.
A Supply Bond is a contract performance bond that guarantees that a supplier will provide the goods or materials as agreed upon in the contract. It provides assurance to the project owner that the supplier will deliver the goods in a timely and satisfactory manner. In the event that the supplier fails to deliver, the bond amount may be used to compensate the project owner for any resulting losses or expenses.
A Virginia Surplus Lines Insurance Broker Bond is a required bond for individuals or businesses acting as surplus lines insurance brokers in Virginia. This bond guarantees compliance with state laws and regulations, protecting policyholders and the insurance industry. It ensures the responsible handling of funds, adherence to ethical practices, and fulfillment of contractual obligations.
Title Insurance Settlement Agent Bond
A Virginia Title Insurance Settlement Agent Bond is a required bond for individuals or businesses engaged in title insurance settlement services in Virginia. This bond provides financial protection to clients, ensuring compliance with state regulations and ethical practices. It guarantees the proper handling of funds and the fulfillment of contractual obligations, promoting trust and security in real estate transactions.
TTB (Alcohol and Tobacco Tax and Trade Bureau) Bonds are required by the federal government for businesses that manufacture, import, export, or deal in alcohol, tobacco, and firearms. These bonds guarantee that the business will comply with all relevant regulations and pay all taxes and fees owed to the government.
A Virginia Utility Bond is a type of surety bond that is required of companies that provide utility services to residents and businesses in the state of Virginia. The bond guarantees that the utility company will comply with all applicable state and federal regulations and will provide reliable and safe services to its customers.
A Virginia Watercraft Dealer Bond is a required bond for businesses engaged in the sale of watercraft in Virginia. This bond ensures compliance with state regulations, protecting consumers and promoting fair business practices. It guarantees the dealer’s fulfillment of financial obligations, adherence to industry standards, and ethical conduct within the watercraft sales industry.
A Virginia Wholesale Wine Distributors’ Bond is a requirement for businesses involved in the wholesale distribution of wine in Virginia. This bond ensures compliance with state regulations, including the proper handling of wine products and timely payment of taxes. It provides financial protection to the state and promotes responsible and lawful operations within the wholesale wine distribution industry.