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Surety Bonds In Virginia

Surety Bond - Virginia State Capital Building Richmond, VA

Viking Bond Service is one of the premier surety bonding companies in Virginia. Our 15 plus years of experience helping businesses in the state secure affordable surety bonds has given us a wide range of expertise that allows us to find you the right bond at the right price. At Viking we understand that a surety bond is an essential part of starting and maintaining many businesses in Virginia. That’s why our team of licensed bond agents has developed an efficient application process to get you a bond quote within 24 hours. Call, email, or use our online application form to get started.

How To Get A Surety Bond In Virginia

Finding a surety bond in Virginia is a simple process when you use an experienced bonding company like Viking Bond Service. Our knowledge of bonding requirements in Virginia has enabled us to create a quick and easy bonding process that gets you the bond you need when you need it. For common commercial bonds we offer three ways to apply: online, on the phone, or via email. For contract bonds, our licensed contract bond agents can guide you through the process of getting the correct bond for your specific contract. All surety bond requests require an application and credit check. In some cases, additional documentation may be required as well such as business financials an history. Once all of the information is submitted, approved and the premium paid in full, the surety will issue your bond.

The Cost Of Surety Bonds In Virginia

The price of surety bonds in Virginia are calculated on an individual basis. There are many factors that are used to determine your bond quote, two main factors include bond amount and bond type. In addition, the underwriter will also look at your personal credit history, business experience, and business financials to calculate your bond premium. The price is based on the perceived risk to the surety of issuing your surety bond. If you have a strong personal credit history and many years of business experience your bond will be deemed to be lower risk and the premium will be lower. If you have a poor credit history you can expect to pay a higher premium. The team at Viking Bond Service has experience helping people of all credit scores obtain the required surety bonds for the best terms.

Common Surety Bonds In Virginia

There are two main categories of surety bonds in Virginia, commercial bonds and contract bonds. Viking Bond Service can help you secure all types of bonds in the state.

Commercial bonds may be required as part of business licensing applications for companies that operate in Virginia. They are also commonly known as license and permit bonds. Some of the common license bonds include mortgage broker bonds, lottery bonds, and auto dealer bonds.

Contract bonds are used to secure contracts in Virginia. They are frequently used in the construction industry as a way to protect parties involved in a construction contract. If the terms of the contract are broken when someone fails to provide the services, or goods as outlined in the contract terms, the wronged party can claim compensation from the surety bond. Bid bonds, payment bonds, performance bonds, and maintenance bonds are all types of contract bonds in Virginia.

Virginia Surety Bonds By Viking Bond Service

Viking Bond Service offers friendly and efficient service to help your business find an affordable surety bond in Virginia. Call, email, or use our online application form to get a quote within 24 hours!

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