Virginia Extended Service Contract Providers are required under the Code of Virginia section 59.1-437 to file a Virginia Extended Service Contract Provider Bond as a condition of licensure.
Bonds Express offers a Virginia Extended Service Contract Provider 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 Extended Service Contract Provider Bond holds you accountable for your business decisions.
By possessing a Virginia Extended Service Contract Provider Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.