The Virginia Department of Motor Vehicles requires the Virginia Fuel Tax Surety Bond
The Virginia Department of Motor Vehicles requires those who sell fuel to post the Virginia Fuel Tax Surety 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.
This bond is fairly easy to obtain. All we need is a completed application and we can get you a free quote right away.