Virginia Surety Bonds

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Required Surety Bonds in Virginia

Typical Virginia bonds include (click on any for more info):

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Required Surety Bonds in Virginia

There are three broad categories of Virginia surety bonds—construction and contractor bonds, license and permit bonds, and court bonds—with a number of specific types of bonds in each category.

Virginia Construction & Contractor Bonds

Virginia’s “Little Miller Act” requires contractors to be bonded in order to work on public projects valued above $500,000 ($250,000 for a transportation or highway project). This applies to contracts at the state, county, or municipal level. The requirement is for a contractor’s payment and performance bond to secure payment of subcontractors and performance of the work.

Virginia License & Permit Bonds

Virginia’s Department of Professional and Occupational Regulation oversees 20 different boards responsible for licensing individuals in dozens of different trades, professions, and businesses. In many cases, license applicants are required to purchase a surety bond ensuring their lawful and ethical conduct. Motor vehicle dealers are licensed by Virginia’s Motor Vehicle Dealer Board and must purchase a $50,000 license bond as part of the process.

Virginia Court Bonds

Any court in Virginia can require persons with certain matters before the court to purchase a court bond—either an appeal bond or a probate bond. Anyone pursuing an appeal of a prior court decision may be required to obtain an appeal bond, especially if contested property or a large damage award is involved. Anyone named in a will or other legal document to serve in a fiduciary capacity with control over the assets of another (for example, an executor of an estate or guardian of a minor) may need to purchase a probate bond.

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