West Virginia Surety Bonds2019-07-17T18:40:24+00:00

West Virginia Surety Bond Broker

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West Virginia Surety Bonds

Surety Bonds in West Virginia

More than 121,000 businesses operate in West Virginia. A number of these businesses need surety bonds for licenses, permits, and construction contracts. The Mountain State has a total of 81 different and unique bond types the state government requires of licensed businesses, while local cities or counties require another 16 specific surety bonds.

BondExchange features hundreds of West Virginia agents from every corner of The Mountain State, from Charleston to Morgantown, and beyond. All of these agents leverage our network, using our unique platform to source surety bonds for the needs of their clients.

With access to more than 30 different markets, BondExchange helps agents find any of the 97 different types of surety bonds that West Virginia state and local governments require from businesses. Thanks to our unique perspective from four decades of experience, we make it easier than ever for agents to source the surety bonds their clients need by leveraging our platform’s easy to use step-by-step process.

West Virginia Surety Coverage with BondExchange

BondExchange provides complete and comprehensive access to every surety bond that the state of West Virginia and its local cities and counties may require from a business. Agents use our platform to locate the correct surety bonds their clients need, provide those clients with online instant quotes, and then facilitate the completion of the bond application and purchase process in a convenient online environment. Below are some of the different types of surety bonds that you may need to quote for your West Virginia business clients.

Mortgage Loan Services

The State of West Virginia Division of Financial Institutions requires both mortgage brokers and mortgage loan originators to purchase surety bonds before offering mortgage lending services to the public within the Mountain State

Motor Vehicle Sales

Under West Virginia law, motor vehicle sales and leasing dealerships are required to file a bond of $25,000 with the state’s Division of Motor Vehicles. Businesses that operate wholesale-only auto auctions also need to file a $25,000 surety bond.

Financial Services Bonds

Financial service providers in West Virginia often need to take out surety bonds. This goes for broker dealers, collection agencies, credit services organizations, and investment advisers.

Alcohol-Related Bonds

A number of alcohol-related businesses require surety bonds in West Virginia. These include operating as a beer brewer or importer, owning a brewpub, and even selling or distributing non-intoxicating beer.

Wage Payment Collection Bonds

West Virginia’s Division of Labor requires contractors and mineral producers or transporters to file a bond to ensure the business owners pay the wages and fringe benefits due to their employees. The amount of the bond is equal to 115 percent of the total of the employer’s gross payroll for four weeks at full capacity or production.

Other Business Bonds

A number of unrelated businesses in West Virginia require surety bond coverage. They include CDL license testers, private detectives and security guards, auctioneers, and barber/beauty schools.

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If you’re an agent in West Virginia, sign up with BondExchange to gain full access to all of the surety bonds we offer. For a complete list of surety bonds covered in West Virginia, expand the box below.

State Bonds Municipal Bonds

Appraisal Management Company ($50,000.00)
Apprentice Auctioneer ($5,000.00)
Auctioneer ($25,000.00)
Automobile Auction ($25,000.00)
Barbering or Beauty Culture School ($50,000.00)
Brewer/Importer ($25,000.00)
Brewer’s Representative ($500.00)
Brewpub ($5,000.00)
Broker Dealer
Cigarette Tax Credit Purchase
Closing-Out Sale, Damaged Goods Sales, or Defunct Business Sale
Collection Agency ($5,000.00)
Collection Agency
Commercial Driver License (CDL) Third Party Tester ($20,000.00)
Commissioner ($1,000.00)
Credit Services Organization ($15,000.00)
Currency Exchange, Sale of Checks or Money Orders
Daily Passenger Rental Car Business ($25,000.00)
Discount Medical Plan Organization ($35,000.00)
Health Spa ($50,000.00)
Highway Encroachment Permit (Form SM-6)
Hunting/Fishing License (Corporate)
Hunting/Fishing License (Individual)
Instructional Materials Adoption
Investment Advisor
Licensed Livestock Dealer ($10,000.00)
Liquor Transport Permit Carrier ($1,000.00)
Money Transmission or Transportation
Mortgage Broker / Mortgage Loan Originator ($50,000.00)
Mortgage Broker / Mortgage Loan Originator ($75,000.00)
Mortgage Broker / Mortgage Loan Originator ($100,000.00)
Mortgage Broker / Mortgage Loan Originator ($150,000.00)
Mortgage Lender / Mortgage Loan Originator ($100,000.00)
Mortgage Lender / Mortgage Loan Originator ($150,000.00)
Mortgage Lender / Mortgage Loan Originator ($200,000.00)
Mortgage Lender / Mortgage Loan Originator ($250,000.00)
Motor Fuel Excise Tax – Blender
Motor Fuel Excise Tax – Distributor
Motor Fuel Excise Tax – Exporter
Motor Fuel Excise Tax – Importer
Motor Fuel Excise Tax – Permissive Supplier
Motor Fuel Excise Tax – Supplier
Motor Fuel Excise Tax – Terminal Operator
Motor Vehicle Dealer ($25,000.00)
Motor Vehicle Leasing ($25,000.00)
Motor Vehicle License Service ($25,000.00)
Nonintoxicating Beer Class A Retail Dealer (Corporation) ($1,000.00)
Nonintoxicating Beer Class A Retail Dealer (Individual or Partnership) ($1,000.00)
Nonintoxicating Beer Distributor ($5,000.00)
Nonresident Contractors Consumers Sales/Use Tax
Non-Resident Insurance Agent/Broker
Notary Public ($1,000.00)
Nursing Facility Resident’s Fund
Oil or Gas Well, Liquid Injection Well or Waste Disposal Well – Single ($5,000.00)
Outdoor Advertising ($2,500.00)
Outfitters and Guides ($1,000.00)
Oversize and/or Overweight Hauling Permit
Private Club Operator ($5,000.00)
Private Detective/Security Guard ($2,500.00)
Private Vocational School ($50,000.00)
Private Vocational School
Professional Employer Organization
Professional Fund-Raising Counsel and/or Professional Solicitor ($10,000.00)
Promoter’s License ($10,000.00)
Property Broker or Freight Forwarder BMC-84 (ICC Broker) ($75,000.00)
Public Official
Real Estate Broker or Salesperson ($2,000.00)
Reclamation: Prospecting, Surface Mining or Other Mining Operations
Resident Brewer ($5,000.00)
Self Insurer Workers’ Compensation
Soft Drinks Crown Purchase
Telemarketer Registration ($100,000.00)
Third Party Administrator
Transient Vendor ($500.00)
Viatical Settlement Provider ($250,000.00)
Wage Payment Collection (Business Entity)
Wage Payment Collection (Sole Proprietor or Partner)
Water Well Driller’s Certification ($5,000.00)
WDR Auto Dismantler ($25,000.00)
Wine Distributor ($10,000.00)
Wine Supplier ($10,000.00)

Allied Craftsmen and Brick Layers Local 15 Wage and Welfare
American Electric Power / Appalachian Power Utility Deposit
Any Union Wage and Welfare
Beckley – City Itinerant Merchant
Berkeley – County Code Compliance
Bluefield – City License/Permit ($5,000.00)
Charleston – City Itinerant Vendor ($5,000.00)
Charleston – City Sewer Tap Permit ($5,000.00)
Generic Obligee Concessionaire
IBEW Local Union 317 Wage and Welfare
IBEW Local Union 968 Wage and Welfare
Installation Made Easy Inc (IME) IME Affiliate
Jefferson – County Event Permit
Lumber Liquidators Inc Installation Provider
MEMO Financial Services, Inc dba MEMO MEMO Money Order
Plumbers and Steamfitters Local Union 565 Wage and Welfare ($20,000.00)

Why Partner with BondExchange for West Virginia Surety Bonds?

BondExchange has worked with insurance agents for over 40 years, building a technology platform designed to make agents more efficient. We know that most insurance agents do not focus on surety, so we’ve done our best to make the process simple and fast without compromising quality and low-cost to your clients.

Simplifying the Bond Process with Straightforward Tools

We’ve simplified the surety bond process by providing agents with easy-to-use tools to quickly quote bonds, methods for delivering those quotes, and online checkout options for end-customers. Our online application, easily completed by either agents or their clients, walks the user step-by-step through the entire process using plain English. Quote generation is instantaneous, as our platform takes just seconds to shop over 30 markets, offering bond purchases online with zero paperwork.

Offering Our Agents a Customized, Expert Level of Service

Our agents always come first here at BondExchange. We feature your name and brand prominently, making it easy to grow your professional image and reinforce your expertise with clients. Our knowledgeable staff are available by chat on our website, by email, or by phone -- you’ll always get a real underwriter on the other end of the line when you give us a call. Whatever your chosen communication method, you can be confident that our friendly experts are standing by to answer your questions.

Single Entry-Point Solution Keeps Processes Simple

As the single source for surety bonds to West Virginia agents, BondExchange provides access to hundreds of different types of bonds and rates from over 30 different carriers. BondExchange saves you time by shopping the entire market with an instant online application, ensuring profitability and presenting you as a surety bond professional to your clients.

Instant Quotes from 30+ Surety Carriers

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