West Virginia
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West Virginia surety bonds have become common practice and even a requirement in many different industries.
In fact, most industries that require a person to be licensed by the state or federal government often require the licensee to get bonded in West Virginia. A West Virginia surety bond is therefore commonly issued in construction, insurance, licensing, and the automobile industry.
A surety is normally used to offer a guarantee to the obligee that the principal will honor the stipulations of the contract as agreed upon. Therefore, when the principal issues a surety to an obligee, they are basically saying that they promise to hold up their end of the deal. If the principal fails to fulfill the terms of the contract, the obligee can make a claim against the bond and be compensated for any damages incurred.
Common West Virginia Surety Bonds
West Virginia surety bonds have become common practice and even a requirement in many different industries.
In fact, most industries that require a person to be licensed by the state or federal government often require the licensee to get bonded in West Virginia. A West Virginia surety bond is therefore commonly issued in construction, insurance, licensing, and the automobile industry.
A surety is normally used to offer a guarantee to the obligee that the principal will honor the stipulations of the contract as agreed upon. Therefore, when the principal issues a surety to an obligee, they are basically saying that they promise to hold up their end of the deal. If the principal fails to fulfill the terms of the contract, the obligee can make a claim against the bond and be compensated for any damages incurred.
Common West Virginia Surety Bonds
Auto Dealer Bond
Collection Agency Bond
Private Investigator Bond
Auctioneer Bond
Liquor License Bond
Wage Bond
How do I purchase a West Virginia surety bond?
NFP, the nation's largest and most reliable surety company, is authorized to issue many different types of surety bonds in West Virginia. We can provide the best rates for your bond, as well as the fastest issuance, to get your business off and running.
Our short online application makes it easy. Click below to start the application process today.
West Virginia Surety Bond FAQs
Surety bonds are required for contractors, auto dealers, notaries, private investigators, and some financial services providers in West Virginia. The bond ensures ethical conduct and protects the public from financial harm.
Auto dealers in West Virginia must obtain a $25,000 auto dealer bond as part of the dealership licensing process.
While not always mandatory statewide, contractors bonds may be required at the city or county level, especially for work involving public property or permits.
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