West Virginia Contractor License Bond

Complete Guide to becoming a Bonded West Virginia Contractor

1. Start Your Application

Fill out the online application form

2. Receive Your Free Quote

You will be sent your quote in minutes

3. Buy Your Surety Bond

We offer secure payment options

START YOUR APPLICATION

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Experts in Bonding Contractors
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100% Secure Online Application
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Lowest Rates for Contractor License Bonds
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Programs for all Credit Types

How Much Does a West Virginia Contractor License Bond Cost?

In West Virginia, contractor bond costs vary depending on the type and specific requirements. For instance, a wage bond, which is based on employee wages and benefits, can be quite costly, potentially reaching several thousand dollars. Non-resident contractors need to provide a bond equal to 6% of the contract's gross value. For example, on a $10,000 surety bond, this would translate to a bond cost ranging from $100 to $1,000. This cost reflects the premium that needs to be paid. Our authorized surety company offers all types of contractor bonds at competitive rates, ranging from 1% to 10% of the bond amount.

More than 99% of applicants qualify for a bond through us. Bond rates are dependent on the applicant’s professional background, financial strength and credit rating.

With a 700 credit score or higher, the premium rate will be between 1% and 3%. With a 600 to 699 score, the rate will range between 3% and 5%. With a lower credit score, a 5% to 10% rate applies.

Surety Bond Cost Based on Credit Score
Surety Bond Name	Surety Bond Amount (example)	Over 700	Between 600 - 699	Below 599
West Virginia Non-Resident Contractor Bond (6% of the gross value of the contract)	$10,000	$100 - $300	$300 - $500	$500 - $1,000
West Virginia Wage Bond	$15,000	$150 - $450	$450 - $750	$750 - $1,500
Huntington Moving Contractor Bond	varies	-	-	-

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

How to Get a West Virginia Contractor License Bond

1. Determine the Surety Bond You Need

Several local and state bond requirements are enforced for West Virginia contractors. Spend time researching the state and local requirements that are applicable to your business activities. Several links are available to aid in your research.

Rick recently applied for a wage bond with us. He needed the bond quickly so his team could get to work. Rick received an instant quote after applying, and it only took him a few minutes to pay the premium online. With his bond in force, Rick was able to start working for his clients without delay.

2. Apply for Your Contractor Bond

Applying for your West Virginia contractor bond is a simple process that can be completed in a few minutes. Fill out the online application at your convenience. Our bond experts have been serving our valued customers for over 10 years, and we are available to assist you.

3. Get a Quote

After applying for your contractor bond online, you will receive an immediate quote to review. Your no-obligation quote will be delivered to you within 48 hours if your application is more complicated and requires additional review.

4. Buy Your Bond

You can easily complete your bond purchase by making your premium payment online. Bonds are processed quickly by our team. Your bond will be emailed to you, and it can also be mailed upon request.

We work hard to provide our customers with a hassle-free bonding experience. If you need assistance, please contact us or call us at (877) 514-5146.

Contractor License Bond Requirements in West Virginia

The West Virginia Division of Labor is responsible for enforcing the state’s wage bond requirement for obtaining a contractor license as established under Va. Code §21-5-14. It applies to those engaged in construction or mineral work.

The required bond amount is a percentage of four weeks of employees’ wages and fringe benefits. The obligee is the West Virginia Division of Labor.

Non-resident contractors working in West Virginia are required to post a bond with the West Virginia Tax Division. The state’s surety bond form must be used. The obligee is the State of West Virginia. The bond amount requirement is based on contract value.

Some municipalities have additional bond requirements; for example, the City of Huntington requires a bond of $500 to $10,000 per building or structure, as determined by the Director of Public Works, for moving structures.

Maintaining your surety bond is essential to continue doing business in West Virginia. To help you maintain your bond, we will connect with you annually with premium renewal payment instructions.

How to Get Your West Virginia Contractor License

You can get more information about how to get a contractor license through our guide. West Virginia does not have a contractor license bond requirement, but contractors are required to meet the wage bond requirement. Required contractor license documentation includes:

Application
Completion of required courses
Business registration tax number
Business registration with the Secretary of State
Proof of workers’ compensation and unemployment insurance
Wage bond or wage bond status affidavit

For more information about the bond requirements, contact:

West Virginia Division of Labor
1900 Kanawha Boulevard East
State Capitol Complex – Building 3, Room 200
Charleston, WV 25305
Phone: (304) 558-7890

START YOUR APPLICATION It's FREE. No Obligations. Approval in Minutes.

Robin Kix

Robin Kix is our Renewal Department Manager. During her 10 years in the surety industry, she helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.

About Us

Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more