The Virginia Department of Motor Vehicles requires those who sell fuel to post the Virginia Fuel Tax Surety Bond.
What is the purpose of a Virginia Fuel Tax Bond?
They require this bond to ensure that fuel sellers pay all appropriate dues to the State of Virginia. This assures the state that it will collect all taxes, fees, and charges from fuel sellers, and if they do not, they can place a claim on the bond. Unlike insurance, the surety bond is to protect your clients from any harm or wrongdoing by your company. If there is a claim placed on your bond and you are found at fault, the surety company will pay out. However, you will have to pay them back.
How do I obtain a Virginia Fuel Tax Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.