Surety Bonds · Virginia

Surety bonds for contractors, licenses and contracts.

A license board, a county or a project owner says you need a bond before you can start. Blue Ridge Insurance helps Central Virginia businesses get license, permit, contract and court bonds placed with the right surety.

The Basics

A bond protects someone else, not you.

A surety bond is a three-party guarantee. The surety promises the obligee, such as a licensing board or project owner, that you’ll meet your obligations. If you don’t and the surety pays a claim, you’re expected to pay the surety back.

That’s why bonds are underwritten like credit. Many small license and permit bonds are issued quickly with minimal paperwork. Larger contract bonds look at your financial statements, work history and backlog.

Have ready when you call

  • The bond type and amount required
  • Who is requiring it (the obligee)
  • Any bond form they provided
  • Business and owner details
  • For contract bonds, financial statements
Bond Types

Bonds we help place

License & permit bonds

Required by state or local agencies to hold a license or pull permits.

Bid bonds

Guarantee you’ll honor your bid and provide performance and payment bonds if awarded.

Performance bonds

Guarantee a project will be completed according to the contract.

Payment bonds

Guarantee subcontractors and suppliers on a project get paid.

Court & fiduciary bonds

Probate, guardianship and other court-ordered bonds.

Commercial bonds

Notary, auto dealer, utility deposit and other miscellaneous bonds.

Request a Bond

Tell us what bond you need.

Tick Business Insurance in the form and mention the bond type and amount in your notes, or call us with the bond form in hand.

  • Small license and permit bonds handled quickly
  • Contract bonds for growing contractors
  • Liability and workers’ comp quoted alongside
Common Questions

Surety bond questions

Is a bond the same as insurance?
No. Insurance protects you. A bond protects the party requiring it, and you’re responsible for repaying the surety if it pays a valid claim.
How much does a bond cost?
Bonds are priced as a percentage of the bond amount, based on the bond type and your credit and financials. Small license bonds are often a modest flat premium.
How quickly can I get a bond?
Many license and permit bonds can be issued within a day or two once we have the details. Contract bonds take longer because they require underwriting.

Need a bond to get started?

Send us the bond form and we’ll take it from there.