The State of Virginia Requires lottery retailers to post the Virginia Lottery Surety Bond.
The Virginia Lottery Surety Bond ensures that the money is handled properly and ethically. State laws require the lottery bond to protect the state if the lottery seller tampers with lottery equipment, mishandles lottery funds, or misappropriates lottery funds.
While the Virginia Lottery Surety Bond protects the state against theft or misappropriation of funds, it also helps protect the consumers by ensuring that the business is lawful and upholds certain standards when dealing with lottery funds. This bond also ensures that lotteries remain a safe, fair, and a fun activity for all consumers.
Unlike insurance, the bond is in place to protect the public from you. 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 filled out application and we can get you a free quote right away.