The Virginia Department of Motor Vehicles requires the Virginia Household Goods Carrier Bond.
Unlike insurance, the Virginia Household Goods Carrier 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.
This bond is required to be in the amount of $50,000 dollars. However, it will not cost that much to obtain. Surety1 can write this bond for as low as 1% of the bond amount.
The conditions of the Virginia Household Goods Carrier Bond are such that if the Principal shall well and truly observe and strictly and faithfully comply with the proper requirements of law, and shall save and keep harmless any person from any fraud practiced on him or fraudulent representation made to him by such Principal or any of such Principal’s representatives acting for the Principal or within the scope of employment of such representatives or from any loss or damage resulting from a breach of any contract entered into.