What is a West Virginia surety bond?
If you are new to the topic of surety bonds, our “What is a Surety Bond?” page is a good starting point. In brief, a surety bond is a three-party agreement between: an obligee, a principal and a bonding company.
Surety bonds are frequently required from businesses as a prerequisite to obtaining a license or a permit. They serve as an extra layer of protection: if a business uses fraud or unethical business practices, they can face a claim on their surety bond.
Lance Surety Bonds offers all types of West Virginia surety bonds, so if you know which one you need, you can find it in the table below and begin your online application. For more information you can consult the Q&A section below.
If you need any assistance or can’t find what you are looking for, don’t hesitate to call us at (877)-514-5146.
Find Your West Virginia Surety Bond
|Excess Weight, Other Highway & Street Permit Bond||Division of Highways Encroachment||WV Depratment of Transporation||Apply Now|
|Collection Agency Bond||Collection Agency||Tax Dept, Internal Auditing Division||Apply Now|
|Debt Consolidators Bond||Credit Services Organization Bond||Secretary of State||Apply Now|
|Professional Fund Raisers Bond||Professional Fund Raising||Secretary of State||Apply Now|
|Insurance 3rd Party Administrator Bond||Financial Conditions Division Administrators Bond||West Virginia Insurance Commissioner, Financial Co||Apply Now|
|Mortgage Broker (1st & 2nd Mortgages) Bond||Mortgage Broker||Commissioner of Banking||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Mortgage Lender||Commissioner of Banking||Apply Now|
|Mortgage Lender/Banker (1st & 2nd Mort.) Bond||Mortgage Lender/Originator||Commissioner of Banking||Apply Now|
|Auto & Mobile Home Dealers (New & Used) Bond||Motor Vehicle Dealer||Division of Motor Vehicles - Dealer Services||Apply Now|
|Auto & Mobile Home Dealers (Used Only, No New) Bond||Motor Vehicle Dealer||Division of Motor Vehicles - Dealer Services||Apply Now|
|Oil, Gas, Water or Mineral Wells or Leases Bond||Single Oil or Gas Well, Single Liquid Injection We||STATE OF WV DEP OIL & GAS DIV||Apply Now|
|Oil, Gas, Water or Mineral Wells or Leases Bond||Single Oil or Gas Well, Single Liquid Injection We||West Virginia Dept of Environmental Protection||Apply Now|
|Sport Permits Bond||Promoter's License Bond||West Virginia State Athletic Commission||Apply Now|
|Health Spas/Health Clubs Bond||Health Club||Office of the Attorney General||Apply Now|
|Detectives Bond||Private Security Services||Commonwealth Of Virginia Dept of Criminal Justice||Apply Now|
|Detectives Bond||Detectives Bond||WV Secretary of State||Apply Now|
|Professional Licenses (All Other) Bond||Professional Employer Organization||West Virginia of Insurance Commissioner||Apply Now|
|Professional Licenses (All Other) Bond||Hunting & Fishing License Sales Bond||West Virginia Department of Natural Resources||Apply Now|
|Professional Licenses (All Other) Bond||Outfitters and Guides Bond||Divison of Natural Resources||Apply Now|
|Professional Licenses (All Other) Bond||Notary Public||Secretary of State||Apply Now|
|Schools (All) Bond||Private Vocational School||State of West Virginia||Apply Now|
|Alcohol (Retailers) Bond||Permit Carrier Bond (WVABCA)||WV Department of Revenue||Apply Now|
|Alcohol (All Others) Bond||Non-Intoxicating Beer||Alcohol Beverage Control Administration||Apply Now|
|Alcohol (All Others) Bond||Alcohol Beverage Control||Alcohol Beverage Control Administration||Apply Now|
|Fuel Tax (All Others, Sellers & Users) Bond||Motor Fuel Excise Tax Bond||WV State Tax Dept.||Apply Now|
|Utility Deposit Bond||In Lieu of Cash Deposit Bond (AEP)||American Electric Power||Apply Now|
|Wages & Fringe Benefits Bond||Wage Payment Bond||WV Division of Labor||Apply Now|
|Wages & Fringe Benefits Bond||(WVCJAT)Wages & Fringe Benefits Bond||West Virginia Carpenters Joint Admin. Trust||Apply Now|
|Fringe Benefits Only Bond||Wage Payment Collection Surety Bond||Division of Labor||Apply Now|
|Money Transmitter Bond||Money Currency Exchange, Transmission & Transporta||THE STATE OF WEST VIRGINIA||Apply Now|
|Telemarketing/Phone Solicitor Bond||Prof. Fund-Raising Counsels & Prof. Solicitors||Secretary of State||Apply Now|
|Telemarketing/Phone Solicitor Bond||Office of Telemarketing Registration Corporate||Secretary Tax and Revenue, W VA Dept. of Tax & R||Apply Now|
|Appraisal Management||Appraisal Management Companies Bond||State of West Virgina||Apply Now|
Questions about Surety Bonds in West Virginia
Who needs to post a surety bond in West Virginia?
As mentioned above, surety bonds are most frequently required from businesses who wish to obtain a business license or permit. They are known as license bonds.
Construction contract projects, especially public ones, often requires surety bonds as well. These types of bond are called contract bonds.
Finally, in some cases an individual may have to post a court bond. Individuals need court bonds if they’ve been ordered to obtain one by a West Virginia court.
How much does a West Virginia surety bond cost?
There’s an easy way to estimate the cost of getting bonded. Each surety bond will have a total bond required by a state government or agency. This amount is the maximum coverage that claimants can receive if their claim is proven.
Out of that total amount, you only pay few percentage points, called the bond premium. The premium is paid annually or biannually for as long as you need to maintain the bond. The bonding agency which underwrites the surety bond will ultimately determine how much you you pay to get bonded. The bonding cost depends on your personal credit score and financial status. For applicants with good credit, the premium will be between 1% and 4% in most cases.
If you wish to learn more about bond pricing, check out our What Does a Surety Bond Cost? page.
Can I get a West Virginia surety bond with bad credit?
Yes, most types of surety bonds are available even to applicants with bad credit, thanks to our Bad Credit Surety Bonds program. Bad credit applicants are considered higher risk, which is why their premiums are in the range between 5% and 15%.
How do I get bonded in West Virginia?
The application process is pretty simple and straightforward, especially if you use our online application. Once you submit it, we will be in touch with via email or phone to take you through the rest of the process.
You will receive a free bond quote and, after payment, it normally takes 1 - 2 days us to issue the bond. You will receive the original bond form by mail and copies (if requested) via fax or email.
Most Popular Surety Bonds in West Virginia
A West Virginia auto dealer bond is required from all new and used car dealers in the state. The bond protects the interest of car buyers.
This surety bond guarantees payment of taxes by people who sell, manufacture or distribute alcoholic beverages.
West Virginia requires collection agencies to be licensed and obtain a collection agency bond to ensure the proper distribution of collected funds.
Health clubs which wish to collect member fees upfront must post this type of bond to financially protect their customers and guarantee their obligations are met.
Mortgage brokers in West Virginia are required to provide a mortgage broker bond. It protects homebuyers against unethical practices.