If you are engaged in the operation of a Virginia Private Day School for Students with Disabilities are required under 8 VAC 20-670-320 to file a Virginia Private Day School for Students with Disabilities Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Virginia Private Day School for Students with Disabilities Bond holds you accountable for your business decisions.
By possessing a Virginia Private Day School for Students with Disabilities Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.