West Virginia Surety Bond Broker
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West Virginia Surety Bonds
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 BondExchangeBondExchange 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 ServicesThe 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 SalesUnder 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 BondsFinancial 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 BondsA 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 BondsWest 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 BondsA 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.
See what other insurance agents are saying about our online platform
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)
Allied Craftsmen and Brick Layers Local 15 Wage and Welfare
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.