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Virginia Contractor's License Bond

A Virginia Contractor's License Bond is a $50,000 financial guarantee required for construction contractors to legally operate in Virginia. This bond protects homeowners and property owners if a contractor fails to complete work properly, violates contract terms, or doesn't follow state construction laws. If the contr…

Bond amount$50,000
State or jurisdictionVirginia
ObligeeState of Virginia

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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Overview

What it is.

A Virginia Contractor's License Bond is a $50,000 financial guarantee required for construction contractors to legally operate in Virginia. This bond protects homeowners and property owners if a contractor fails to complete work properly, violates contract terms, or doesn't follow state construction laws. If the contr…

Who usually needs it

Class A and Class B contractors in Virginia who cannot meet the state's net worth requirements ($45,000 for Class A, $15,000 for Class B) must obtain this bond. Class A contractors handle single contracts of $120,000+ or annual totals of $750,000+, while Class B contractors handle single contracts of $10,000–$120,000 or annual totals of $150,000–$750,000.

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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