Virginia Contractor License Bonds
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What Is a Virginia Contractor License Bond?
A Virginia contractor license bond is a financial guarantee that a contractor will comply with state and local licensing laws when working on a job. This type of surety bond protects the public and project owners if a contractor fails to perform or breaks the law.
How Much Do Virginia Contractor Bonds Cost?
Virginia contractor license bond costs start at $438 for the two-year term, or $219 per year for Class A and Class B contractors.
Virginia home service contract providers need bond coverage between $10,000 and $90,000 based on the total value of active home service contracts. Premiums are typically 1–10% of the bond amount.
Local Virginia contractor bond premiums start at $100 but prices vary by city/county. Use the table below to buy or apply for the bond you need. If your bond requires an application, we offer free quotes within one business day.
If you work outside of Virginia, we also offer contractor license bonds nationwide.
Who Needs a Virginia Contractor Bond?
Per Virginia Code Sections 54.1-1106 and 1108, filing a 50,000 surety bond with the Virginia Department of Professional and Occupational Regulation (DPOR) is necessary for Class A or Class B Virginia contractors who cannot meet the state’s proof of net worth requirements.
Home service contract providers also need a state-level surety bond based on the volume of active contracts. Various cities and counties require separate contractor bonds for local licensing.
Other Construction Bonds in Virginia
You may also need bid, payment or performance bonds for certain construction projects in Virginia. These protect the public, suppliers and project owners if you break the contract terms.
How to Get a Virginia Contractor Bond
You can apply for any Virginia contract bond by submitting an online request form. Simply find the bond you need and enter your information. It only takes two minutes!
Apply now and a SuretyBonds.com representative will contact you within one business day to discuss next steps. Select bonds are available for instant online purchase with no application.
How Fast Can I Get My Bond?
SuretyBonds.com offers the fastest and easiest way to get Virginia construction bonds. We typically process orders placed before 4 PM CST Mon–Fri same day. If your obligee requires the original bond form with wet signatures, we offer an overnight shipping option.
How Do Virginia Contract Bonds Work?
Virginia contractor bonds protect consumers by binding contractors in a three-party contract:
- Principal: The contractor
- Obligee: The government licensing office
- Surety: The bond provider
If a bonded contractor breaks the bond terms, the surety company will pay valid claims to harmed parties up to the full bond amount. Then, the contractor is responsible for reimbursing the surety.
Who Regulates Virginia Contractor Licensing?
The Virginia Department of Professional and Occupational Regulation Board for Contractors enforces license and surety bond requirements for contractors at the state level.
If you work in one of the locations listed above, you may need to file an additional bond with them directly before you can become a licensed contractor in the area.
How to Get Become a Licensed Contractor in Virginia
Learn step-by-step instructions on how to get a Virginia contractor license with our comprehensive guide. You’ll need to submit the following materials to the Virginia Department of Professional and Occupational Regulation to become a licensed contractor:
- $50 annual business registration fee
- License classification fee (Class A Contractors: $385, Class B Contractors: $370, Class C Contractors: $235)
- $50,000 surety bond (Class A and Class B contractors only).
- Application with all required paperwork.
The average processing time for most state level contractor license applications is 30 days.
What’s the Difference Between Class A, Class B and Class C Contractor Licenses?
Class A Contractor
- Class A contractors have managed a single contract of $120,000+ or a total of $750,000+ for all contracts managed in the past 12 months.
- Bond Requirement: $50,000 coverage (if unable to meet net worth requirements)
Class B Contractor
- Class B contractors have managed a single contract between $10,000–$120,000 or a total of $150,000–$750,000 for all contracts managed in the past 12 months.
- Bond Requirement: $50,000 coverage (if unable to meet net worth requirements)
Class C Contractor
- Class C contractors have managed a single project between $1,000–$10,000 or a total of under $150,000 for all contracts managed over a 12-month period.
- No bond requirement.
More Resources
- Understanding the Construction Bonding Process
- How to Become a Licensed, Bonded Contractor
- SBA Guarantee Bonds
- How Construction Bond Lines Work
- Virginia DPOR Contractor Licensing Information and Application Instructions
- Arlington: Electrical Permit Information
- Danville: Contractor License Information
- Fairfax County: Home Improvement Contractor License Information
- Falls Church County: Contractor License Information
- Lynchburg: Contractor Requirements
- Newport News: Contractor Registration
- Petersburg: Business License Information
- Portsmouth: Business and Professional License Information
- Prince William County: Home Improvement Contractor License Information
- Richmond: Planning and Development
- Roanoke: Excavation and Restoration Standards
Have Questions?
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