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Virginia contractor license bonds.
$438 flat.

Virginia lets a Class A or Class B contractor satisfy the Board for Contractors' financial-responsibility requirement with a $50,000 surety bond instead of submitting financial statements. Ours is $438 flat — the price you see is the checkout price — and license bonds like this are issued on the spot.

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Files with the DPOR Board for Contractors on form A501-27BOND, in lieu of proving net worth
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Fixed amount, fixed price — $50,000 bond, $438, no quote process
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One 2-year term — the bond runs concurrently with your two-year license
A-ratedA.M. Best carriersInstantunderwriting process2-yr termset by the carrier
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details and an effective date. That's the application — no financial statement, no credit section, no follow-up scavenger hunt.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase.

SAME DAY

File with DPOR

Your executed bond on the Board for Contractors form (A501-27BOND) arrives by email, ready to file with your license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually does

Virginia licenses contractors through the Department of Professional and Occupational Regulation's Board for Contractors. Class A and Class B applicants must show financial responsibility — and one accepted way to do that is a $50,000 surety bond filed in place of a financial statement.

It's a three-party arrangement: you (the principal), the surety carrier, and the Board (the obligee). The bond stands behind your compliance with Virginia's contractor laws and the regulations of the Board; a party harmed by a violation can recover against it.

It is not insurance for you — if the surety pays a claim, you repay the surety. The bond runs concurrently with your two-year license, so we track it and send renewal notices 60 and 30 days out to keep your filing continuous.

Va. Code §54.1-1106 / §54.1-1108Under Va. Code §54.1-1106 and §54.1-1108, an applicant for a Class A or Class B contractor license must demonstrate financial responsibility to the Board for Contractors. A $50,000 surety bond on the Board's form (A501-27BOND) is an accepted alternative to submitting financial statements showing the required net worth. Confirm on your application which class and option apply to you.

You need this bond if you're

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Applying for a Class A or B contractor license and electing the bond instead of a financial statement
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Renewing your license and your current bond is expiring or your surety non-renewed
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Short of the net-worth threshold ($45,000 for Class A, $15,000 for Class B) and using the bond to satisfy financial responsibility
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An out-of-state contractor getting licensed to work in Virginia

One application, issued instantly.

These are the actual issuing fields — the application collects no credit information, because this bond doesn't need any.

Start the application →
FAQ

Common questions.

How much is the Virginia contractor license bond?The premium is $438, set by our carrier's rate book for this $50,000 bond — the same for every contractor. The $50,000 figure is set by the financial-responsibility rule, so there is no quote process.
Do I pay the $50,000?No. You pay $438. The $50,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.
Do I have to use a bond?No — it is one option. A Class A firm must verify a net worth or equity of $45,000, and a Class B firm $15,000, with a financial statement, a CPA-reviewed statement or a CPA audit. Either class can file this $50,000 bond on the Board's form instead (18VAC50-22-50 and 18VAC50-22-60). Many contractors choose the bond because it is faster and does not expose their financials. Class C contractors have no net-worth requirement.
Which license class do I need?It depends on job size (Va. Code §54.1-1100). Class C covers a single contract over $1,000 and under $30,000, or under $250,000 of work in 12 months. Class B covers a single contract of $30,000 to under $150,000, or $250,000 to under $1 million in 12 months. Class A covers a single contract of $150,000 or more, or $1 million or more in 12 months. So a $50,000 job needs at least a Class B license, and Class A and B are the classes this bond serves.
Is there a credit check?The application collects no credit information at all — there's no credit section on this bond. Most applications approve instantly.
When does it renew?The bond runs concurrently with your two-year license and must stay active for as long as you rely on it for financial responsibility. The carrier issues this bond for a single 2-year term; we send renewal notices 60 and 30 days out, with autopay available.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
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Finish your license checklist today.

$438 flat, no credit review, bond often issued in the same sitting. Free until issued.

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Your price$438
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