Virginia — Contractor's License Bond
Virginia Class A and B firms may use a $50,000 Board for Contractors bond instead of the specified net-worth/equity documentation requirement. This is a State financial-responsibility alternative, not a bond every contractor must buy or a substitute for a City's separate request.
Also known as Virginia Contractor Bonds
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- Recorded state
- Virginia
- Bond type
- Contractor License / Registration Bond
- Category
- Contractors & construction
What this bond does
Use the Board's bond-form alternative for the applicable Class A or B financial requirement.
- Who needs it
- Contractor firms choosing that alternative and matching the exact legal firm, responsible-management signer and license dates.
- Who it protects
- The February 2026 form is bound to the people of the Commonwealth and covers claims subject to the cited Virginia law. It states a $30,000 maximum for a single covered transaction and $50,000 aggregate liability—not unlimited protection or $50,000 for every job.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Virginia Board for Contractors — Surety Bond Form, February 20, 2026 (opens in a new tab)Checked October 23, 2026
- Virginia — 18VAC50-22-60, Class A (opens in a new tab)Checked October 23, 2026
- Virginia — 18VAC50-22-50, Class B (opens in a new tab)Checked October 23, 2026
Have these ready
- Identify the applicable Class A/B financial alternative.
- Prepare exact legal firm and responsible-management signer.
- Match the Board form's $50,000 security and license-aligned dates.
- After issuance: check execution/acknowledgements and complete confirmed Board filing.
Questions about this bond
Must every Virginia contractor buy this bond?
No. The cited Class A/B provisions allow it as an alternative to the specified financial documentation. Match your actual Board request.
Does the Board form establish a license-aligned period?
It calls for two-year issuance ending at month-end to coincide with the license, subject to its continuing/cancellation terms. Match the accepted dates.
Is it automatically the same as a City contractor bond?
No. Match the requesting authority, form and obligation separately.