$250 is your GOOD CREDIT PRICE for a Virginia Surplus Lines Agent Bond.
Virginia Surplus Lines Agents are required under the Code of Virginia section 38.2-1857.2 B to file a Virginia Surplus Lines Agent Bond as a condition of licensure.
Bonds Express offers a Virginia Surplus Lines Agent Bond with a 99% approval rate.
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 Surplus Lines Agent Bond holds you accountable for your business decisions.
By possessing a Virginia Surplus Lines Agent Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.